Key Points
- Insider sale: John Walker III sold 5,000 Central Garden & Pet shares at an average price of $38.50, worth $192,500, reducing his direct holdings by 7.18% to 64,679 shares.
- Quarterly results: The company reported quarterly EPS of $1.54, narrowly beating estimates of $1.53, while revenue reached $883.72 million. However, revenue declined 8.2% year over year.
- Analyst outlook: Central Garden & Pet carries an average “Buy” rating, with analysts’ average price target at $54.00 versus the stock’s reported opening price of $44.59.
Central Garden & Pet Company (NASDAQ:CENT - Get Free Report) insider John Walker III sold 5,000 shares of Central Garden & Pet stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $38.50, for a total value of $192,500.00. Following the transaction, the insider directly owned 64,679 shares in the company, valued at approximately $2,490,141.50. The trade was a 7.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Central Garden & Pet Trading Up 1.0%
Shares of Central Garden & Pet stock opened at $44.59 on Thursday. The company has a market capitalization of $2.79 billion, a P/E ratio of 16.64 and a beta of 0.61. The stock has a fifty day simple moving average of $43.33 and a 200 day simple moving average of $39.42. Central Garden & Pet Company has a 12-month low of $28.77 and a 12-month high of $46.97. The company has a current ratio of 3.79, a quick ratio of 2.67 and a debt-to-equity ratio of 0.68.
Central Garden & Pet (NASDAQ:CENT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. The business had revenue of $883.72 million for the quarter, compared to analysts' expectations of $882.96 million. Central Garden & Pet had a return on equity of 11.13% and a net margin of 5.39%.The business's revenue was down 8.2% on a year-over-year basis. During the same period last year, the business earned $1.56 EPS. Central Garden & Pet has set its FY 2026 guidance at 2.850- EPS. On average, sell-side analysts anticipate that Central Garden & Pet Company will post 3 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms recently weighed in on CENT. Weiss Ratings upgraded shares of Central Garden & Pet from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 4th. Zacks Research lowered shares of Central Garden & Pet from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 10th. Finally, Canaccord Genuity Group lifted their target price on shares of Central Garden & Pet from $51.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $54.00.
View Our Latest Stock Analysis on CENT
Institutional Investors Weigh In On Central Garden & Pet
A number of hedge funds have recently made changes to their positions in CENT. Bank of New York Mellon Corp purchased a new position in shares of Central Garden & Pet in the 2nd quarter worth about $2,156,000. Versant Capital Management Inc increased its holdings in Central Garden & Pet by 119.9% during the second quarter. Versant Capital Management Inc now owns 1,315 shares of the company's stock worth $58,000 after buying an additional 717 shares during the last quarter. Empowered Funds LLC increased its holdings in Central Garden & Pet by 15.0% during the first quarter. Empowered Funds LLC now owns 77,792 shares of the company's stock worth $2,860,000 after buying an additional 10,132 shares during the last quarter. Quantinno Capital Management LP raised its position in Central Garden & Pet by 45.0% in the first quarter. Quantinno Capital Management LP now owns 37,080 shares of the company's stock worth $1,363,000 after acquiring an additional 11,508 shares during the period. Finally, Lazard Asset Management LLC raised its position in Central Garden & Pet by 23.7% in the first quarter. Lazard Asset Management LLC now owns 16,065 shares of the company's stock worth $591,000 after acquiring an additional 3,074 shares during the period. 16.13% of the stock is currently owned by institutional investors.
Central Garden & Pet Company Profile
(
Get Free Report)
Central Garden & Pet (NASDAQ: CENT) is a leading North American specialty retailer, manufacturer and distributor serving the lawn and garden and pet supplies markets. The company operates through two primary segments: Pet and Garden. In the Pet segment, Central Garden & Pet offers a comprehensive range of products including pet food, treats, accessories, training products and habitat solutions for dogs, cats, birds, fish and small animals. The Garden segment encompasses a wide array of lawn, garden and outdoor living products, such as soils, fertilizers, planters, pest control solutions, landscape lighting and watering equipment.
Central Garden & Pet's product portfolio includes both proprietary and branded offerings.
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