Central Garden & Pet Co (CENT) Receives Average Recommendation of “Hold” from Brokerages

Shares of Central Garden & Pet Co (NASDAQ:CENT) have received an average recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $42.40.

Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. TheStreet lowered shares of Central Garden & Pet from a “b” rating to a “c+” rating in a report on Wednesday, February 27th. ValuEngine upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Tuesday, January 22nd. Finally, Argus decreased their price objective on shares of Central Garden & Pet from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th.

In other Central Garden & Pet news, Director Brooks Pennington III sold 1,944 shares of the stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $34.70, for a total transaction of $67,456.80. Following the sale, the director now directly owns 41,305 shares in the company, valued at approximately $1,433,283.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 12.60% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. acquired a new stake in Central Garden & Pet during the 4th quarter worth approximately $29,000. Huntington National Bank raised its holdings in shares of Central Garden & Pet by 41.4% in the 4th quarter. Huntington National Bank now owns 1,155 shares of the company’s stock valued at $40,000 after purchasing an additional 338 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Central Garden & Pet in the 4th quarter valued at $100,000. Metropolitan Life Insurance Co. NY raised its holdings in shares of Central Garden & Pet by 371.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,513 shares of the company’s stock valued at $121,000 after purchasing an additional 2,768 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of Central Garden & Pet in the 4th quarter valued at $135,000. Institutional investors own 21.85% of the company’s stock.

Shares of CENT stock opened at $26.47 on Friday. The company has a current ratio of 5.10, a quick ratio of 3.12 and a debt-to-equity ratio of 0.72. Central Garden & Pet has a one year low of $26.47 and a one year high of $45.02. The company has a market capitalization of $1.53 billion, a PE ratio of 13.86 and a beta of -0.03.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings data on Wednesday, February 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.06). Central Garden & Pet had a return on equity of 11.19% and a net margin of 4.44%. The company had revenue of $462.00 million during the quarter, compared to analyst estimates of $487.52 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. Equities analysts expect that Central Garden & Pet will post 1.8 earnings per share for the current year.

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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Analyst Recommendations for Central Garden & Pet (NASDAQ:CENT)

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