Key Points
- Insider sale: John Walker III sold 5,000 Central Garden & Pet shares for $192,500, reducing his ownership by 7.18% while retaining 64,679 shares.
- Financial performance: The company reported quarterly EPS of $1.54, exceeding estimates of $1.51, while revenue of $882.36 million was slightly below expectations.
- Market outlook: Analysts have a “Moderate Buy” consensus rating and an average price target of $46.67, compared with the stock’s recent price near $38.83; institutional investors own 50.82% of the shares.
Central Garden & Pet Company (NASDAQ:CENTA - Get Free Report) insider John Walker III sold 5,000 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $38.50, for a total transaction of $192,500.00. Following the completion of the transaction, the insider owned 64,679 shares of the company's stock, valued at $2,490,141.50. This trade represents a 7.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Central Garden & Pet Price Performance
CENTA opened at $38.83 on Thursday. Central Garden & Pet Company has a twelve month low of $25.97 and a twelve month high of $40.79. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59. The company has a current ratio of 3.79, a quick ratio of 2.67 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $37.98 and a 200 day simple moving average of $34.90.
Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.03. The firm had revenue of $882.36 million for the quarter, compared to analyst estimates of $882.96 million. Central Garden & Pet had a net margin of 5.39% and a return on equity of 11.13%. Central Garden & Pet has set its FY 2026 guidance at 2.850- EPS. Equities research analysts expect that Central Garden & Pet Company will post 3 EPS for the current fiscal year.
Analysts Set New Price Targets
CENTA has been the topic of several recent analyst reports. Weiss Ratings upgraded Central Garden & Pet from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 4th. Canaccord Genuity Group lowered their price objective on Central Garden & Pet from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Wednesday, June 17th. Zacks Research downgraded Central Garden & Pet from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Wall Street Zen downgraded Central Garden & Pet from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, JPMorgan Chase & Co. increased their target price on Central Garden & Pet from $32.00 to $37.00 and gave the company an "underweight" rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Central Garden & Pet presently has an average rating of "Moderate Buy" and a consensus price target of $46.67.
Check Out Our Latest Stock Analysis on Central Garden & Pet
Institutional Trading of Central Garden & Pet
Several institutional investors have recently added to or reduced their stakes in CENTA. Aster Capital Management DIFC Ltd acquired a new stake in shares of Central Garden & Pet during the fourth quarter worth $25,000. Advisory Services Network LLC acquired a new position in shares of Central Garden & Pet in the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its position in shares of Central Garden & Pet by 444.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company's stock valued at $31,000 after buying an additional 817 shares during the last quarter. IFP Advisors Inc grew its position in shares of Central Garden & Pet by 198.4% during the 4th quarter. IFP Advisors Inc now owns 1,131 shares of the company's stock valued at $33,000 after buying an additional 752 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Central Garden & Pet by 577.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,654 shares of the company's stock worth $48,000 after acquiring an additional 1,410 shares during the period. Institutional investors own 50.82% of the company's stock.
Central Garden & Pet Company Profile
(
Get Free Report)
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.
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