Central Garden & Pet Co (NASDAQ:CENTA) – Stock analysts at KeyCorp upped their Q3 2019 earnings per share estimates for Central Garden & Pet in a research note issued on Monday, May 6th. KeyCorp analyst B. Thomas now expects that the company will post earnings of $0.85 per share for the quarter, up from their prior estimate of $0.84.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Central Garden & Pet from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Monday, February 4th. TheStreet lowered Central Garden & Pet from a “b” rating to a “c+” rating in a report on Friday, February 22nd. Finally, ValuEngine lowered Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Friday, February 8th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.25.
Shares of Central Garden & Pet stock opened at $26.31 on Wednesday. The stock has a market capitalization of $1.53 billion, a P/E ratio of 13.77, a PEG ratio of 2.44 and a beta of 0.13. Central Garden & Pet has a fifty-two week low of $23.07 and a fifty-two week high of $41.97. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.10 and a quick ratio of 3.12.
Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The firm had revenue of $673.70 million during the quarter, compared to analyst estimates of $645.58 million. Central Garden & Pet had a return on equity of 11.19% and a net margin of 4.44%.
Several hedge funds and other institutional investors have recently modified their holdings of CENTA. Vanguard Group Inc boosted its position in shares of Central Garden & Pet by 17.6% during the third quarter. Vanguard Group Inc now owns 4,176,075 shares of the company’s stock worth $138,396,000 after buying an additional 625,367 shares during the period. Norges Bank acquired a new position in shares of Central Garden & Pet during the fourth quarter worth approximately $14,966,000. Highbridge Capital Management LLC acquired a new position in shares of Central Garden & Pet during the fourth quarter worth approximately $4,717,000. Portolan Capital Management LLC acquired a new position in shares of Central Garden & Pet during the fourth quarter worth approximately $4,655,000. Finally, Principal Financial Group Inc. boosted its position in shares of Central Garden & Pet by 16.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,035,636 shares of the company’s stock worth $32,364,000 after buying an additional 142,962 shares during the period. Institutional investors and hedge funds own 68.72% of the company’s stock.
About Central Garden & Pet
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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