Central Garden & Pet (NASDAQ:CENTA) Price Target Raised to $37.00

Central Garden & Pet (NASDAQ:CENTA) had its price target increased by JPMorgan Chase & Co. from $32.00 to $37.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an underweight rating on the stock.

Several other equities analysts have also recently weighed in on CENTA. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Central Garden & Pet in a research note on Tuesday, July 7th. Wall Street Zen raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Canaccord Genuity Group reduced their price target on shares of Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Finally, Zacks Research downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.67.

Central Garden & Pet Stock Performance

Shares of Central Garden & Pet stock opened at $38.29 on Thursday. The stock has a market cap of $2.40 billion, a PE ratio of 13.92 and a beta of 0.57. The business has a fifty day simple moving average of $36.46 and a 200-day simple moving average of $33.71. The company has a quick ratio of 2.16, a current ratio of 3.45 and a debt-to-equity ratio of 0.72. Central Garden & Pet has a 12 month low of $25.97 and a 12 month high of $39.99.

Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.21. The business had revenue of $906.15 million for the quarter, compared to the consensus estimate of $846.58 million. Central Garden & Pet had a return on equity of 11.55% and a net margin of 5.42%.Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. On average, sell-side analysts anticipate that Central Garden & Pet will post 2.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Central Garden & Pet by 2.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,924,354 shares of the company’s stock valued at $55,729,000 after buying an additional 54,930 shares during the last quarter. Denali Advisors LLC bought a new position in Central Garden & Pet during the fourth quarter valued at approximately $893,000. Jennison Associates LLC raised its position in Central Garden & Pet by 118.0% during the fourth quarter. Jennison Associates LLC now owns 58,573 shares of the company’s stock valued at $1,710,000 after acquiring an additional 31,708 shares in the last quarter. Vanguard Group Inc. lifted its stake in Central Garden & Pet by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,804,612 shares of the company’s stock valued at $169,437,000 after acquiring an additional 20,819 shares during the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in Central Garden & Pet in the fourth quarter valued at approximately $5,092,000. Hedge funds and other institutional investors own 50.82% of the company’s stock.

Central Garden & Pet Company Profile

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.