Central Garden & Pet (NASDAQ:CENTA) Price Target Raised to $60.00

Central Garden & Pet (NASDAQ:CENTAFree Report) had its target price upped by Truist Financial from $50.00 to $60.00 in a research note released on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on CENTA. StockNews.com upgraded Central Garden & Pet from a hold rating to a buy rating in a research note on Thursday, February 8th. TheStreet cut Central Garden & Pet from a b rating to a c+ rating in a research note on Tuesday, November 21st. Finally, JPMorgan Chase & Co. raised their price objective on Central Garden & Pet from $40.00 to $43.00 and gave the stock a neutral rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $45.00.

Read Our Latest Analysis on CENTA

Central Garden & Pet Stock Up 6.2 %

CENTA stock opened at $38.11 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.47 and a quick ratio of 1.55. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 18.90 and a beta of 0.64. The company has a fifty day moving average price of $30.81 and a 200 day moving average price of $27.44. Central Garden & Pet has a 12 month low of $27.02 and a 12 month high of $39.55.

Central Garden & Pet (NASDAQ:CENTAGet Free Report) last released its earnings results on Monday, November 20th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Central Garden & Pet had a net margin of 4.06% and a return on equity of 10.32%. The company had revenue of $750.15 million for the quarter, compared to analyst estimates of $731.81 million. During the same period in the prior year, the firm earned ($0.03) EPS. Sell-side analysts expect that Central Garden & Pet will post 2 earnings per share for the current year.

Central Garden & Pet Dividend Announcement

The firm also recently declared a — dividend, which was paid on Thursday, February 8th. Stockholders of record on Monday, January 8th were paid a dividend of $20.00 per share. The ex-dividend date was Friday, February 9th.

Insider Transactions at Central Garden & Pet

In other Central Garden & Pet news, insider John Edward Hanson sold 9,375 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $25.11, for a total value of $235,380.00. Following the completion of the sale, the insider now directly owns 53,918 shares in the company, valued at $1,353,730.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John Ranelli sold 4,375 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $23.18, for a total value of $101,416.00. Following the sale, the director now owns 227 shares of the company’s stock, valued at $5,262.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John Edward Hanson sold 9,375 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $25.11, for a total transaction of $235,380.00. Following the completion of the transaction, the insider now directly owns 53,918 shares of the company’s stock, valued at approximately $1,353,730.01. The disclosure for this sale can be found here. 20.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Central Garden & Pet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Central Garden & Pet by 1.7% during the first quarter. Vanguard Group Inc. now owns 4,371,134 shares of the company’s stock worth $178,254,000 after buying an additional 72,345 shares during the period. Victory Capital Management Inc. lifted its position in shares of Central Garden & Pet by 7.0% during the second quarter. Victory Capital Management Inc. now owns 3,174,265 shares of the company’s stock worth $115,734,000 after purchasing an additional 208,945 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Central Garden & Pet by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,740,909 shares of the company’s stock worth $120,711,000 after purchasing an additional 23,601 shares during the last quarter. Champlain Investment Partners LLC lifted its position in shares of Central Garden & Pet by 5.8% during the second quarter. Champlain Investment Partners LLC now owns 1,738,285 shares of the company’s stock worth $63,378,000 after purchasing an additional 95,010 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Central Garden & Pet by 2.1% during the third quarter. State Street Corp now owns 1,498,211 shares of the company’s stock worth $51,179,000 after purchasing an additional 31,135 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

About Central Garden & Pet

(Get Free Report)

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 containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.

Read More

Receive News & Ratings for Central Garden & Pet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet and related companies with MarketBeat.com's FREE daily email newsletter.