According to Zacks, “Central Garden & Pet Company is a leading innovator, marketer and producer of quality branded products for the lawn & garden and pet supplies markets. Committed to new product innovation, their products are sold to specialty independent and mass retailers. Participating categories in Lawn & Garden include: Grass seed and the brands PENNINGTON, and THE REBELS; wild bird feed and the brand PENNINGTON; weed and insect control and the brands AMDRO, SEVIN, IRONITE and OVER-N-OUT; and decorative outdoor patio products under the PENNINGTON brand. Participating categories in Pet include: Animal health and the brands ADAMS and ZODIAC; aquatics and reptile and the brands AQUEON, CORALIFE, SEGREST and ZILLA; bird & small animal and the brands KAYTEE, Forti-Diet and CRITTER TRAIL; dog & cat and the brands TFH, NYLABONE, FOUR PAWS, IMS, CADET, DMC, K&H Pet Products, PINNACLE and AVODERM; and equine and the brands FARNAM, HORSE HEALTH and VITAFLEX. “
CENTA has been the topic of a number of other research reports. BidaskClub raised shares of Central Garden & Pet from a sell rating to a hold rating in a research note on Wednesday, July 24th. Monness Crespi & Hardt reissued a buy rating and issued a $36.00 target price (down previously from $44.00) on shares of Central Garden & Pet in a research note on Friday, August 2nd. Finally, KeyCorp cut their target price on shares of Central Garden & Pet from $39.00 to $36.00 and set an overweight rating on the stock in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Central Garden & Pet currently has a consensus rating of Hold and an average target price of $39.60.
Shares of CENTA opened at $22.81 on Tuesday. The firm has a market cap of $1.33 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 2.37 and a beta of 0.04. The company’s fifty day moving average is $24.08 and its two-hundred day moving average is $25.44. Central Garden & Pet has a fifty-two week low of $20.50 and a fifty-two week high of $38.03. The company has a quick ratio of 3.17, a current ratio of 4.84 and a debt-to-equity ratio of 0.67.
Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.06). Central Garden & Pet had a net margin of 4.30% and a return on equity of 9.66%. The company had revenue of $706.58 million during the quarter, compared to analyst estimates of $689.17 million. As a group, equities research analysts anticipate that Central Garden & Pet will post 1.73 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. United Services Automobile Association increased its stake in Central Garden & Pet by 2.4% during the 2nd quarter. United Services Automobile Association now owns 67,327 shares of the company’s stock worth $1,659,000 after buying an additional 1,578 shares during the period. Susquehanna International Group LLP purchased a new stake in Central Garden & Pet during the 2nd quarter worth $465,000. Nuveen Asset Management LLC purchased a new stake in Central Garden & Pet during the 2nd quarter worth $5,016,000. Citadel Advisors LLC increased its stake in Central Garden & Pet by 20.8% during the 2nd quarter. Citadel Advisors LLC now owns 152,237 shares of the company’s stock worth $3,751,000 after buying an additional 26,200 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in Central Garden & Pet by 36.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 478,010 shares of the company’s stock worth $11,779,000 after buying an additional 128,216 shares during the period. 66.28% of the stock is currently owned by hedge funds and other institutional investors.
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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