Deltroit Asset Management UK LLP Invests $2.55 Million in Central Garden & Pet Company $CENTA

Deltroit Asset Management UK LLP bought a new position in Central Garden & Pet Company (NASDAQ:CENTA) during the fourth quarter, Holdings Channel.com reports. The firm bought 87,278 shares of the company’s stock, valued at approximately $2,548,000. Central Garden & Pet makes up about 0.4% of Deltroit Asset Management UK LLP’s portfolio, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. boosted its stake in shares of Central Garden & Pet by 164.0% in the 3rd quarter. Federated Hermes Inc. now owns 858 shares of the company’s stock worth $25,000 after buying an additional 533 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Central Garden & Pet in 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 boosted its stake in shares of Central Garden & Pet by 198.4% in the 4th quarter. IFP Advisors Inc now owns 1,131 shares of the company’s stock worth $33,000 after buying an additional 752 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Central Garden & Pet by 239.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,220 shares of the company’s stock worth $195,000 after buying an additional 4,388 shares during the last quarter. Hedge funds and other institutional investors own 50.82% of the company’s stock.

Central Garden & Pet Trading Up 1.4%

NASDAQ:CENTA opened at $35.31 on Friday. The company has a current ratio of 3.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $2.21 billion, a PE ratio of 12.84 and a beta of 0.59. The firm’s 50 day moving average is $33.79 and its 200 day moving average is $32.02. Central Garden & Pet Company has a 12 month low of $25.97 and a 12 month high of $37.71.

Central Garden & Pet (NASDAQ:CENTA) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.21. The company had revenue of $906.15 million for the quarter, compared to analysts’ expectations of $846.58 million. Central Garden & Pet had a net margin of 5.42% and a return on equity of 11.55%. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. Sell-side analysts expect that Central Garden & Pet Company will post 2.86 earnings per share for the current year.

Analysts Set New Price Targets

CENTA has been the topic of a number of research analyst reports. Wall Street Zen upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. lowered their price target on shares of Central Garden & Pet from $33.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Central Garden & Pet has an average rating of “Moderate Buy” and a consensus target price of $44.00.

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.