Central Garden & Pet (NASDAQ:CENTA – Get Rating) – Research analysts at KeyCorp cut their Q3 2022 EPS estimates for shares of Central Garden & Pet in a note issued to investors on Wednesday, June 22nd. KeyCorp analyst B. Thomas now anticipates that the company will post earnings per share of $1.28 for the quarter, down from their prior forecast of $1.62. KeyCorp currently has a “Overweight” rating and a $56.00 price objective on the stock. The consensus estimate for Central Garden & Pet’s current full-year earnings is $2.77 per share. KeyCorp also issued estimates for Central Garden & Pet’s Q4 2022 earnings at $0.02 EPS, FY2022 earnings at $2.75 EPS and FY2023 earnings at $3.00 EPS.
Several other equities research analysts have also issued reports on CENTA. StockNews.com assumed coverage on shares of Central Garden & Pet in a research note on Thursday, March 31st. They issued a “hold” rating for the company. JPMorgan Chase & Co. lifted their price objective on shares of Central Garden & Pet from $47.00 to $49.00 in a research note on Thursday, April 14th.
CENTA stock opened at $40.61 on Monday. The company has a current ratio of 2.85, a quick ratio of 1.29 and a debt-to-equity ratio of 0.92. Central Garden & Pet has a 1 year low of $37.56 and a 1 year high of $52.04. The company has a fifty day simple moving average of $41.18 and a 200 day simple moving average of $42.63. The firm has a market cap of $2.24 billion, a PE ratio of 14.82 and a beta of 0.57.
Central Garden & Pet (NASDAQ:CENTA – Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.09. The company had revenue of $954.37 million during the quarter, compared to analyst estimates of $935.14 million. Central Garden & Pet had a net margin of 4.48% and a return on equity of 12.18%.
In other Central Garden & Pet news, CFO Nicholas Lahanas sold 7,306 shares of the business’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $41.78, for a total transaction of $305,244.68. Following the completion of the transaction, the chief financial officer now owns 113,520 shares of the company’s stock, valued at approximately $4,742,865.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.28% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in CENTA. Advisor Group Holdings Inc. lifted its position in Central Garden & Pet by 49.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,726 shares of the company’s stock worth $82,000 after acquiring an additional 573 shares during the last quarter. KBC Group NV bought a new position in shares of Central Garden & Pet during the 1st quarter worth about $145,000. Captrust Financial Advisors increased its holdings in shares of Central Garden & Pet by 19.0% during the 1st quarter. Captrust Financial Advisors now owns 4,545 shares of the company’s stock worth $185,000 after purchasing an additional 725 shares during the period. Profund Advisors LLC bought a new position in shares of Central Garden & Pet during the 4th quarter worth about $215,000. Finally, SG Americas Securities LLC increased its holdings in shares of Central Garden & Pet by 151.9% during the 1st quarter. SG Americas Securities LLC now owns 7,241 shares of the company’s stock worth $295,000 after purchasing an additional 4,366 shares during the period. 68.74% of the stock is owned by hedge funds and other institutional investors.
About Central Garden & Pet (Get Rating)
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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