Brokerages Set Central Garden & Pet (NASDAQ:CENT) PT at $46.75

Central Garden & Pet (NASDAQ:CENT) has been given a consensus recommendation of “Buy” by the five ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $46.75.

Several research analysts recently weighed in on the company. Canaccord Genuity Group decreased their target price on Central Garden & Pet from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Argus downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Truist Financial lowered their price objective on shares of Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

Hedge Funds Weigh In On Central Garden & Pet

A number of institutional investors have recently bought and sold shares of CENT. Empowered Funds LLC acquired a new stake in shares of Central Garden & Pet in the third quarter worth $1,681,000. Quest Partners LLC acquired a new stake in shares of Central Garden & Pet in the third quarter worth about $797,000. JPMorgan Chase & Co. boosted its stake in shares of Central Garden & Pet by 73.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,228 shares of the company’s stock worth $1,285,000 after acquiring an additional 14,964 shares in the last quarter. Barclays PLC boosted its stake in shares of Central Garden & Pet by 51.4% during the 3rd quarter. Barclays PLC now owns 34,944 shares of the company’s stock worth $1,275,000 after acquiring an additional 11,865 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Central Garden & Pet during the 3rd quarter valued at about $111,000. Hedge funds and other institutional investors own 16.13% of the company’s stock.

Central Garden & Pet Stock Up 8.3 %

Central Garden & Pet stock opened at $40.16 on Friday. The company’s 50-day moving average price is $38.38 and its two-hundred day moving average price is $37.66. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 24.82 and a beta of 0.79. Central Garden & Pet has a 52 week low of $32.17 and a 52 week high of $47.48. The company has a current ratio of 3.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.76.

Central Garden & Pet (NASDAQ:CENT) last announced its earnings results on Wednesday, February 5th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.24. Central Garden & Pet had a return on equity of 9.31% and a net margin of 3.37%. On average, analysts expect that Central Garden & Pet will post 2.22 EPS for the current fiscal year.

Central Garden & Pet Company Profile

Central Garden & Pet Company produces and distributes various 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 provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.