Central Garden & Pet (NASDAQ:CENTA) Director Brendan Dougher Sells 3,250 Shares

Central Garden & Pet Company (NASDAQ:CENTA) Director Brendan Dougher sold 3,250 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $33.38, for a total value of $108,485.00. Following the transaction, the director owned 12,845 shares of the company’s stock, valued at approximately $428,766.10. The trade was a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Central Garden & Pet Trading Down 0.7%

NASDAQ:CENTA opened at $33.49 on Thursday. The company has a market cap of $2.09 billion, a P/E ratio of 13.67 and a beta of 0.67. Central Garden & Pet Company has a twelve month low of $25.97 and a twelve month high of $37.35. The business has a 50 day moving average price of $30.15 and a two-hundred day moving average price of $30.49. The company has a quick ratio of 1.97, a current ratio of 3.42 and a debt-to-equity ratio of 0.76.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The business had revenue of $617.37 million for the quarter, compared to analyst estimates of $636.62 million. Central Garden & Pet had a net margin of 5.04% and a return on equity of 10.99%. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. As a group, analysts expect that Central Garden & Pet Company will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CENTA. Wall Street Zen downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Zacks Research downgraded Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Friday, October 24th. CJS Securities raised shares of Central Garden & Pet to a “strong-buy” rating in a research note on Thursday, December 11th. KeyCorp reaffirmed an “overweight” rating on shares of Central Garden & Pet in a research report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $28.00 price target (down previously from $31.00) on shares of Central Garden & Pet in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Central Garden & Pet currently has a consensus rating of “Hold” and a consensus target price of $40.75.

Hedge Funds Weigh In On Central Garden & Pet

Hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. raised its holdings in shares of Central Garden & Pet by 164.0% in the third quarter. Federated Hermes Inc. now owns 858 shares of the company’s stock valued at $25,000 after purchasing an additional 533 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Central Garden & Pet during the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of Central Garden & Pet by 444.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock worth $31,000 after buying an additional 817 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Central Garden & Pet by 198.4% in the fourth quarter. IFP Advisors Inc now owns 1,131 shares of the company’s stock valued at $33,000 after acquiring an additional 752 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Central Garden & Pet by 152.1% in the second quarter. Cullen Frost Bankers Inc. now owns 1,215 shares of the company’s stock valued at $38,000 after acquiring an additional 733 shares in the last quarter. 50.82% of the stock is owned by hedge funds and other institutional investors.

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.