CL King initiated coverage on shares of Central Garden & Pet (NASDAQ:CENT) in a research report released on Thursday morning. The firm issued a buy rating and a $47.00 price objective on the stock.

A number of other research firms have also recently commented on CENT. KeyCorp reiterated a hold rating on shares of Central Garden & Pet in a report on Monday, October 16th. Sidoti cut shares of Central Garden & Pet from a buy rating to a neutral rating in a report on Monday, October 16th. Oppenheimer reiterated a hold rating on shares of Central Garden & Pet in a report on Wednesday, November 29th. BidaskClub upgraded shares of Central Garden & Pet from a strong sell rating to a sell rating in a report on Friday, August 25th. Finally, Zacks Investment Research cut shares of Central Garden & Pet from a hold rating to a sell rating in a report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $41.25.

Shares of Central Garden & Pet (NASDAQ:CENT) traded down $0.04 on Thursday, reaching $40.48. 83,798 shares of the company’s stock were exchanged, compared to its average volume of 101,600. The stock has a market capitalization of $2,131.02, a PE ratio of 27.62, a PEG ratio of 2.48 and a beta of 0.03. The company has a current ratio of 3.10, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. Central Garden & Pet has a twelve month low of $29.08 and a twelve month high of $42.29.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Tuesday, November 28th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The business had revenue of $490.46 million during the quarter, compared to analysts’ expectations of $439.07 million. Central Garden & Pet had a return on equity of 12.81% and a net margin of 3.84%. Central Garden & Pet’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. sell-side analysts forecast that Central Garden & Pet will post 1.66 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its holdings in shares of Central Garden & Pet by 20.7% during the second quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock valued at $100,000 after buying an additional 537 shares during the last quarter. Sei Investments Co. lifted its position in Central Garden & Pet by 8.9% during the second quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock valued at $148,000 after purchasing an additional 380 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in Central Garden & Pet by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 3,830 shares of the company’s stock valued at $149,000 after purchasing an additional 1,420 shares during the period. Envestnet Asset Management Inc. lifted its position in Central Garden & Pet by 104.6% during the third quarter. Envestnet Asset Management Inc. now owns 4,273 shares of the company’s stock valued at $166,000 after purchasing an additional 2,185 shares during the period. Finally, Alliancebernstein L.P. bought a new position in Central Garden & Pet during the first quarter valued at approximately $222,000. Hedge funds and other institutional investors own 20.05% of the company’s stock.

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Central Garden & Pet Company Profile

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

Analyst Recommendations for Central Garden & Pet (NASDAQ:CENT)

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