Central Garden & Pet (NASDAQ:CENTA) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Central Garden & Pet Company (NASDAQ:CENTA)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.03 and traded as low as $29.24. Central Garden & Pet shares last traded at $29.68, with a volume of 162,378 shares traded.

Wall Street Analyst Weigh In

CENTA has been the subject of several research reports. Wall Street Zen cut shares of Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Central Garden & Pet in a research note on Monday, December 29th. CJS Securities upgraded shares of Central Garden & Pet to a “strong-buy” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. lifted their target price on Central Garden & Pet from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, November 25th. Finally, KeyCorp reiterated an “overweight” rating on shares of Central Garden & Pet in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

Central Garden & Pet Stock Performance

The company has a quick ratio of 2.33, a current ratio of 3.67 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $1.85 billion, a PE ratio of 11.64 and a beta of 0.65. The company has a 50-day moving average price of $29.42 and a two-hundred day moving average price of $31.03.

Central Garden & Pet (NASDAQ:CENTA) last posted its earnings results on Monday, November 24th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.11. Central Garden & Pet had a return on equity of 11.17% and a net margin of 5.20%.The business had revenue of $678.00 million during the quarter, compared to analyst estimates of $657.86 million. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. Analysts predict that Central Garden & Pet Company will post 2.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Central Garden & Pet

Large investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. raised its holdings in shares of Central Garden & Pet by 164.0% in the 3rd quarter. Federated Hermes Inc. now owns 858 shares of the company’s stock valued at $25,000 after acquiring an additional 533 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Central Garden & Pet in the third quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its stake in Central Garden & Pet by 444.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock valued at $31,000 after purchasing an additional 817 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in Central Garden & Pet by 152.1% during the second quarter. Cullen Frost Bankers Inc. now owns 1,215 shares of the company’s stock valued at $38,000 after purchasing an additional 733 shares during the last quarter. Finally, EMC Capital Management purchased a new position in Central Garden & Pet in the 2nd quarter worth approximately $87,000. 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.