Zacks Investment Research upgraded shares of Central Garden & Pet (NASDAQ:CENTA) from a sell rating to a hold rating in a report issued on Monday morning, Zacks.com reports.

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. “

Several other analysts have also recently issued reports on CENTA. BidaskClub upgraded shares of Zillow Group from a buy rating to a strong-buy rating in a research report on Tuesday, July 2nd. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $41.25.

Shares of CENTA stock opened at $24.76 on Monday. The stock has a market cap of $1.50 billion, a PE ratio of 12.96, a P/E/G ratio of 3.53 and a beta of 0.03. Central Garden & Pet has a 52 week low of $23.07 and a 52 week high of $40.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.79 and a current ratio of 4.52. The business has a fifty day moving average of $25.66.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. The business had revenue of $673.70 million for the quarter, compared to analysts’ expectations of $645.58 million. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%. On average, research analysts forecast that Central Garden & Pet will post 1.81 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. bought a new position in Central Garden & Pet during the 1st quarter valued at about $56,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Central Garden & Pet by 30.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,454 shares of the company’s stock worth $80,000 after acquiring an additional 805 shares in the last quarter. QS Investors LLC grew its stake in Central Garden & Pet by 314.3% in the 4th quarter. QS Investors LLC now owns 5,800 shares of the company’s stock worth $182,000 after acquiring an additional 4,400 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in Central Garden & Pet in the 1st quarter worth about $142,000. Finally, SG Americas Securities LLC bought a new position in Central Garden & Pet in the 1st quarter worth about $185,000. Institutional investors own 66.52% of the company’s stock.

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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