Central Garden & Pet Co (NASDAQ:CENT) has earned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $40.50.

A number of analysts have recently issued reports on the stock. ValuEngine raised shares of Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research note on Monday, April 15th. BidaskClub cut shares of Central Garden & Pet from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 16th. Argus dropped their target price on shares of Central Garden & Pet from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, March 5th. Finally, TheStreet lowered shares of Central Garden & Pet from a “b” rating to a “c+” rating in a research report on Wednesday, February 27th.

Large investors have recently modified their holdings of the stock. Atlanta Capital Management Co. L L C bought a new position in shares of Central Garden & Pet during the fourth quarter worth $16,141,000. BlackRock Inc. boosted its position in shares of Central Garden & Pet by 1.6% during the third quarter. BlackRock Inc. now owns 1,598,764 shares of the company’s stock worth $57,619,000 after acquiring an additional 25,919 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Central Garden & Pet by 1,595.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 61,070 shares of the company’s stock worth $2,103,000 after acquiring an additional 57,467 shares during the last quarter. Eqis Capital Management Inc. boosted its position in shares of Central Garden & Pet by 43.2% during the fourth quarter. Eqis Capital Management Inc. now owns 48,517 shares of the company’s stock worth $1,671,000 after acquiring an additional 14,629 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Central Garden & Pet by 308.1% during the third quarter. Vanguard Group Inc. now owns 5,537,598 shares of the company’s stock worth $187,466,000 after acquiring an additional 4,180,716 shares during the last quarter. Hedge funds and other institutional investors own 21.96% of the company’s stock.

Shares of NASDAQ CENT traded up $0.06 during midday trading on Thursday, reaching $25.58. The stock had a trading volume of 5,016 shares, compared to its average volume of 154,312. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.10 and a quick ratio of 3.12. The stock has a market cap of $1.50 billion, a PE ratio of 13.49 and a beta of -0.06. Central Garden & Pet has a 12-month low of $25.07 and a 12-month high of $45.02.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Wednesday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.06). The firm had revenue of $462.00 million during the quarter, compared to analysts’ expectations of $487.52 million. Central Garden & Pet had a return on equity of 11.19% and a net margin of 4.44%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share. On average, research analysts expect that Central Garden & Pet will post 1.85 EPS for the current year.

Central Garden & Pet Company Profile

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.

Featured Story: How to Profit and Limit Losses With Stop Orders

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

Receive News & Ratings for Central Garden & Pet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet and related companies with MarketBeat.com's FREE daily email newsletter.