Central Garden & Pet (CENTA) Upgraded to Hold by Zacks Investment Research
According to Zacks, “Central Garden & Pet Company is a leading innovator, marketer and producer of quality branded products for the lawn & garden and pet supplies markets. Committed to new product innovation, their products are sold to specialty independent and mass retailers. Participating categories in Lawn & Garden include: Grass seed and the brands PENNINGTON, and THE REBELS; wild bird feed and the brand PENNINGTON; weed and insect control and the brands AMDRO, SEVIN, IRONITE and OVER-N-OUT; and decorative outdoor patio products under the PENNINGTON brand. Participating categories in Pet include: Animal health and the brands ADAMS and ZODIAC; aquatics and reptile and the brands AQUEON, CORALIFE, SEGREST and ZILLA; bird & small animal and the brands KAYTEE, Forti-Diet and CRITTER TRAIL; dog & cat and the brands TFH, NYLABONE, FOUR PAWS, IMS, CADET, DMC, K&H Pet Products, PINNACLE and AVODERM; and equine and the brands FARNAM, HORSE HEALTH and VITAFLEX. “
A number of other research analysts have also weighed in on the company. TheStreet lowered Central Garden & Pet from a b rating to a c+ rating in a report on Friday, February 22nd. ValuEngine lowered Central Garden & Pet from a hold rating to a sell rating in a report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Central Garden & Pet currently has a consensus rating of Hold and an average target price of $41.25.
Central Garden & Pet (NASDAQ:CENTA) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.12). The company had revenue of $461.99 million for the quarter, compared to analyst estimates of $501.24 million. Central Garden & Pet had a return on equity of 11.19% and a net margin of 4.44%. Research analysts forecast that Central Garden & Pet will post 1.8 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its position in shares of Central Garden & Pet by 4.1% during the 4th quarter. State of Alaska Department of Revenue now owns 13,704 shares of the company’s stock worth $428,000 after buying an additional 536 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Central Garden & Pet by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 15,305 shares of the company’s stock worth $478,000 after purchasing an additional 598 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Central Garden & Pet by 3.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 28,873 shares of the company’s stock worth $902,000 after purchasing an additional 988 shares in the last quarter. Texas Permanent School Fund increased its holdings in Central Garden & Pet by 4.2% in the 4th quarter. Texas Permanent School Fund now owns 26,787 shares of the company’s stock worth $837,000 after purchasing an additional 1,085 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Central Garden & Pet by 1.2% in the 4th quarter. California Public Employees Retirement System now owns 98,920 shares of the company’s stock worth $3,091,000 after purchasing an additional 1,193 shares in the last quarter. Institutional investors and hedge funds own 68.88% of the company’s stock.
About Central Garden & Pet
Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.
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