Brokerages Set Central Garden & Pet Co (NASDAQ:CENTA) Price Target at $36.67

Shares of Central Garden & Pet Co (NASDAQ:CENTA) have earned an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $34.00.

A number of brokerages recently weighed in on CENTA. ValuEngine upgraded Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Friday. Bank of America downgraded Central Garden & Pet from a “buy” rating to a “neutral” rating in a report on Wednesday, November 27th. Zacks Investment Research lowered Central Garden & Pet from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 28th. BidaskClub upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Finally, KeyCorp dropped their target price on shares of Central Garden & Pet from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th.

A number of large investors have recently added to or reduced their stakes in CENTA. Bogle Investment Management L P DE grew its stake in shares of Central Garden & Pet by 48.2% during the second quarter. Bogle Investment Management L P DE now owns 108,598 shares of the company’s stock valued at $2,676,000 after buying an additional 35,342 shares during the last quarter. Algert Global LLC acquired a new position in shares of Central Garden & Pet during the 2nd quarter worth approximately $1,046,000. SG Americas Securities LLC grew its position in shares of Central Garden & Pet by 1,345.2% in the third quarter. SG Americas Securities LLC now owns 75,122 shares of the company’s stock valued at $2,083,000 after purchasing an additional 69,924 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Central Garden & Pet in the second quarter valued at approximately $5,016,000. Finally, Rhumbline Advisers increased its holdings in shares of Central Garden & Pet by 5.8% in the third quarter. Rhumbline Advisers now owns 137,628 shares of the company’s stock valued at $3,816,000 after purchasing an additional 7,545 shares during the last quarter. 64.07% of the stock is currently owned by institutional investors.

Central Garden & Pet stock traded up $0.65 during trading on Thursday, reaching $26.02. The company had a trading volume of 18,414 shares, compared to its average volume of 266,719. Central Garden & Pet has a 12-month low of $20.50 and a 12-month high of $36.92. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.02 and a current ratio of 4.69. The stock’s 50 day moving average price is $28.11 and its two-hundred day moving average price is $26.04. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 2.17 and a beta of 0.05.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.13). The company had revenue of $540.74 million during the quarter, compared to analyst estimates of $518.20 million. Central Garden & Pet had a net margin of 3.89% and a return on equity of 9.26%. As a group, research analysts expect that Central Garden & Pet will post 1.61 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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