Invenomic Capital Management LP Invests $13.75 Million in Central Garden & Pet Company $CENTA

Invenomic Capital Management LP acquired a new position in Central Garden & Pet Company (NASDAQ:CENTA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 471,015 shares of the company’s stock, valued at approximately $13,749,000. Invenomic Capital Management LP owned about 0.76% of Central Garden & Pet as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Orchard Capital Management LLC grew its holdings in Central Garden & Pet by 3.3% during the 3rd quarter. Orchard Capital Management LLC now owns 11,029 shares of the company’s stock valued at $326,000 after buying an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Central Garden & Pet by 40.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,401 shares of the company’s stock worth $41,000 after purchasing an additional 400 shares in the last quarter. Aristides Capital LLC grew its holdings in shares of Central Garden & Pet by 8.0% during the third quarter. Aristides Capital LLC now owns 8,436 shares of the company’s stock worth $249,000 after purchasing an additional 623 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Central Garden & Pet by 6.6% during the third quarter. PNC Financial Services Group Inc. now owns 11,903 shares of the company’s stock worth $351,000 after purchasing an additional 732 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Central Garden & Pet by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,421 shares of the company’s stock worth $996,000 after purchasing an additional 743 shares in the last quarter. Hedge funds and other institutional investors own 50.82% of the company’s stock.

Analyst Upgrades and Downgrades

CENTA has been the subject of several recent analyst reports. Canaccord Genuity Group cut their price objective on Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday. Wall Street Zen upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research upgraded Central Garden & Pet from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on Central Garden & Pet from $33.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Central Garden & Pet Stock Performance

NASDAQ:CENTA opened at $36.95 on Thursday. The business has a 50 day moving average of $34.56 and a 200 day moving average of $32.49. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 13.44 and a beta of 0.59. Central Garden & Pet Company has a 1-year low of $25.97 and a 1-year high of $38.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.45 and a quick ratio of 2.16.

Central Garden & Pet (NASDAQ:CENTA) last released its earnings results on Wednesday, May 6th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.21. The company had revenue of $906.15 million during the quarter, compared to the consensus estimate of $846.58 million. Central Garden & Pet had a return on equity of 11.55% and a net margin of 5.42%.Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. On average, sell-side analysts predict that Central Garden & Pet Company will post 2.89 earnings per share for the current fiscal year.

Central Garden & Pet Company Profile

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.