Central Garden & Pet (NASDAQ:CENTA – Get Rating)'s share price hit a new 52-week low on Thursday . The stock traded as low as $37.15 and last traded at $37.26, with a volume of 198 shares traded. The stock had previously closed at $37.76.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on CENTA. Truist Financial dropped their price target on shares of Central Garden & Pet from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, August 8th. CJS Securities assumed coverage on shares of Central Garden & Pet in a research report on Thursday, August 25th. They set an "outperform" rating and a $50.00 price objective on the stock. Finally, KeyCorp decreased their price objective on shares of Central Garden & Pet from $56.00 to $52.00 and set an "overweight" rating on the stock in a research report on Thursday, August 4th.
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The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.45 and a current ratio of 3.16. The company has a market capitalization of $2.04 billion, a P/E ratio of 13.68 and a beta of 0.55. The business's fifty day simple moving average is $40.75 and its 200-day simple moving average is $41.37.
Central Garden & Pet (NASDAQ:CENTA – Get Rating) last posted its earnings results on Wednesday, August 3rd. The company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.13. Central Garden & Pet had a net margin of 4.48% and a return on equity of 11.86%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $993.37 million. As a group, equities analysts anticipate that Central Garden & Pet will post 2.87 earnings per share for the current fiscal year.Insider Transactions at Central Garden & Pet
In related news, insider John D. Walker III sold 5,000 shares of Central Garden & Pet stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $40.56, for a total transaction of $202,800.00. Following the completion of the transaction, the insider now directly owns 88,116 shares of the company's stock, valued at approximately $3,573,984.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP John Edward Hanson sold 6,466 shares of Central Garden & Pet stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $42.65, for a total transaction of $275,774.90. Following the completion of the transaction, the senior vice president now directly owns 49,805 shares of the company's stock, valued at approximately $2,124,183.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John D. Walker III sold 5,000 shares of the business's stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $40.56, for a total transaction of $202,800.00. Following the completion of the sale, the insider now directly owns 88,116 shares of the company's stock, valued at $3,573,984.96. The disclosure for this sale can be found here. Insiders own 20.28% of the company's stock.
Institutional Investors Weigh In On Central Garden & Pet
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Central Garden & Pet by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 4,371,134 shares of the company's stock valued at $178,254,000 after buying an additional 72,345 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Central Garden & Pet by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,432,630 shares of the company's stock valued at $99,205,000 after purchasing an additional 12,052 shares in the last quarter. Champlain Investment Partners LLC raised its holdings in shares of Central Garden & Pet by 7.6% in the 4th quarter. Champlain Investment Partners LLC now owns 1,771,670 shares of the company's stock valued at $84,774,000 after purchasing an additional 124,430 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Central Garden & Pet by 4.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,526,429 shares of the company's stock valued at $62,248,000 after purchasing an additional 58,677 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Central Garden & Pet by 1.7% in the 1st quarter. State Street Corp now owns 1,490,024 shares of the company's stock valued at $60,763,000 after purchasing an additional 24,842 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.
Central Garden & Pet Company Profile
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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 grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.
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