Central Garden & Pet (CENT) Downgraded by ValuEngine

Central Garden & Pet (NASDAQ:CENT) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday, March 29th, ValuEngine reports.

CENT has been the topic of a number of other research reports. BidaskClub upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. TheStreet lowered Central Garden & Pet from a “b” rating to a “c+” rating in a report on Wednesday, February 27th. Finally, Argus reduced their price target on Central Garden & Pet from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $41.00.

CENT stock traded up $0.05 during midday trading on Friday, reaching $25.96. The stock had a trading volume of 180,001 shares, compared to its average volume of 127,179. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.12 and a current ratio of 5.10. The firm has a market capitalization of $1.50 billion, a P/E ratio of 13.59 and a beta of -0.06. Central Garden & Pet has a 52-week low of $25.07 and a 52-week high of $45.02.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Wednesday, February 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The firm had revenue of $462.00 million during the quarter, compared to analysts’ expectations of $487.52 million. Central Garden & Pet had a net margin of 4.44% and a return on equity of 11.19%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. On average, equities analysts forecast that Central Garden & Pet will post 1.85 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. acquired a new position in shares of Central Garden & Pet during the fourth quarter worth about $29,000. Huntington National Bank grew its position in shares of Central Garden & Pet by 33.6% during the first quarter. Huntington National Bank now owns 1,543 shares of the company’s stock worth $39,000 after buying an additional 388 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Central Garden & Pet during the fourth quarter worth about $100,000. Metropolitan Life Insurance Co. NY grew its position in shares of Central Garden & Pet by 371.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,513 shares of the company’s stock worth $121,000 after buying an additional 2,768 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Central Garden & Pet during the fourth quarter worth about $135,000. 21.96% of the stock is owned by institutional investors.

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

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