Zacks Investment Research upgraded shares of Central Garden & Pet (NASDAQ:CENTA) from a sell rating to a hold rating in a report released on Monday, Zacks.com reports.

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. “

CENTA has been the subject of a number of other reports. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a research note on Monday, April 1st. BidaskClub upgraded shares of Zillow Group from a buy rating to a strong-buy rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $41.25.

Shares of Central Garden & Pet stock traded down $0.35 on Monday, reaching $24.76. The stock had a trading volume of 115,687 shares, compared to its average volume of 307,652. The business has a 50-day moving average price of $25.70. The company has a current ratio of 4.52, a quick ratio of 2.79 and a debt-to-equity ratio of 0.69. Central Garden & Pet has a fifty-two week low of $23.07 and a fifty-two week high of $40.99. The company has a market capitalization of $1.50 billion, a PE ratio of 12.96, a P/E/G ratio of 3.53 and a beta of 0.03.

Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.05. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%. The business had revenue of $673.70 million during the quarter, compared to analysts’ expectations of $645.58 million. On average, sell-side analysts forecast that Central Garden & Pet will post 1.81 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Central Garden & Pet by 1.6% during the 4th quarter. BlackRock Inc. now owns 5,980,155 shares of the company’s stock valued at $186,880,000 after purchasing an additional 93,380 shares during the last quarter. Wells Fargo & Company MN raised its stake in Central Garden & Pet by 30.9% during the 1st quarter. Wells Fargo & Company MN now owns 1,279,096 shares of the company’s stock valued at $29,739,000 after purchasing an additional 301,891 shares during the last quarter. Rothschild & Co. Asset Management US Inc. raised its stake in Central Garden & Pet by 3.1% during the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 1,049,177 shares of the company’s stock valued at $24,393,000 after purchasing an additional 31,337 shares during the last quarter. Principal Financial Group Inc. raised its stake in Central Garden & Pet by 16.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,035,636 shares of the company’s stock valued at $32,364,000 after purchasing an additional 142,962 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its stake in Central Garden & Pet by 3.2% during the 1st quarter. State of Wisconsin Investment Board now owns 1,023,874 shares of the company’s stock valued at $23,805,000 after purchasing an additional 31,782 shares during the last quarter. Hedge funds and other institutional investors own 66.52% of the company’s stock.

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.

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