Brokerages Set Central Garden & Pet (NASDAQ:CENT) PT at $47.50

Shares of Central Garden & Pet (NASDAQ:CENT) have received an average recommendation of “Buy” from the five analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $47.50.

CENT has been the subject of a number of recent research reports. Truist Financial lowered their price objective on shares of Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Canaccord Genuity Group reiterated a “buy” rating and set a $48.00 price target on shares of Central Garden & Pet in a research report on Monday, September 30th. Finally, Canaccord Genuity Group raised Central Garden & Pet to a “strong-buy” rating in a report on Monday, July 1st.

Insider Transactions at Central Garden & Pet

In other Central Garden & Pet news, Director Brooks Pennington III sold 1,486 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.80, for a total transaction of $48,740.80. Following the completion of the sale, the director now directly owns 40,743 shares in the company, valued at $1,336,370.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Central Garden & Pet news, Director Brooks Pennington III sold 1,486 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.80, for a total value of $48,740.80. Following the completion of the sale, the director now owns 40,743 shares in the company, valued at approximately $1,336,370.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Ranelli sold 2,500 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $34.28, for a total value of $85,700.00. Following the completion of the transaction, the director now owns 822 shares of the company’s stock, valued at $28,178.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,986 shares of company stock worth $2,146,841 in the last 90 days. 9.53% of the stock is owned by insiders.

Institutional Investors Weigh In On Central Garden & Pet

A number of large investors have recently bought and sold shares of CENT. Principal Financial Group Inc. raised its position in Central Garden & Pet by 6.8% in the 1st quarter. Principal Financial Group Inc. now owns 53,039 shares of the company’s stock worth $2,272,000 after purchasing an additional 3,397 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Central Garden & Pet by 112.4% during the 1st quarter. BNP Paribas Financial Markets now owns 6,169 shares of the company’s stock worth $264,000 after buying an additional 3,265 shares during the period. Inspire Investing LLC boosted its stake in Central Garden & Pet by 9.3% during the 1st quarter. Inspire Investing LLC now owns 8,386 shares of the company’s stock worth $359,000 after acquiring an additional 712 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Central Garden & Pet by 92.6% during the first quarter. ProShare Advisors LLC now owns 51,117 shares of the company’s stock worth $2,189,000 after acquiring an additional 24,575 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in shares of Central Garden & Pet during the first quarter worth $301,000. 16.13% of the stock is currently owned by institutional investors.

Central Garden & Pet Stock Performance

Shares of NASDAQ CENT opened at $33.60 on Friday. The company has a market cap of $2.26 billion, a PE ratio of 15.07 and a beta of 0.75. The company has a 50-day simple moving average of $36.75 and a 200-day simple moving average of $39.31. Central Garden & Pet has a 12 month low of $30.75 and a 12 month high of $47.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.66 and a quick ratio of 2.16.

Central Garden & Pet (NASDAQ:CENT) last issued its earnings results on Wednesday, August 7th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.11. Central Garden & Pet had a return on equity of 10.66% and a net margin of 4.42%. The company had revenue of $996.35 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The company’s revenue was down 2.6% compared to the same quarter last year. On average, equities analysts anticipate that Central Garden & Pet will post 2.11 earnings per share for the current year.

About Central Garden & Pet

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.