Central Garden & Pet Co (NASDAQ:CENTA) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.61 and last traded at $25.60, with a volume of 4515 shares. The stock had previously closed at $26.12.
A number of brokerages recently weighed in on CENTA. Zacks Investment Research upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Monday, February 4th. TheStreet downgraded shares of Central Garden & Pet from a “b” rating to a “c+” rating in a research report on Friday, February 22nd. BMO Capital Markets lowered their price objective on shares of Central Garden & Pet to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 28th. Finally, ValuEngine downgraded shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Central Garden & Pet has an average rating of “Hold” and a consensus price target of $41.25.
The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 2.53 and a beta of 0.15. The company has a current ratio of 5.10, a quick ratio of 3.12 and a debt-to-equity ratio of 0.72.
Central Garden & Pet (NASDAQ:CENTA) last announced its earnings results on Wednesday, February 6th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). Central Garden & Pet had a net margin of 4.44% and a return on equity of 11.19%. The business had revenue of $461.99 million for the quarter, compared to analysts’ expectations of $501.24 million. On average, equities analysts forecast that Central Garden & Pet Co will post 1.8 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in CENTA. Oppenheimer Asset Management Inc. purchased a new stake in shares of Central Garden & Pet in the fourth quarter worth $47,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Central Garden & Pet by 114.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,781 shares of the company’s stock worth $125,000 after purchasing an additional 2,015 shares in the last quarter. QS Investors LLC increased its stake in shares of Central Garden & Pet by 314.3% in the fourth quarter. QS Investors LLC now owns 5,800 shares of the company’s stock worth $182,000 after purchasing an additional 4,400 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Central Garden & Pet in the third quarter worth $219,000. Finally, Trexquant Investment LP purchased a new stake in shares of Central Garden & Pet in the third quarter worth $231,000. 68.03% of the stock is owned by institutional investors and hedge funds.
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About Central Garden & Pet (NASDAQ:CENTA)
Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.
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