Central Garden & Pet (NASDAQ:CENTA) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Central Garden & Pet (NASDAQ:CENTA) posted its earnings results on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.11, Zacks reports. Central Garden & Pet had a return on equity of 10.77% and a net margin of 4.44%.The firm had revenue of $678.00 million for the quarter, compared to the consensus estimate of $657.86 million. Central Garden & Pet updated its FY 2026 guidance to 2.700- EPS.

Central Garden & Pet Price Performance

Shares of Central Garden & Pet stock opened at $28.59 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.56 and a quick ratio of 2.28. Central Garden & Pet has a one year low of $25.97 and a one year high of $37.35. The business’s 50 day simple moving average is $28.73 and its two-hundred day simple moving average is $31.38. The stock has a market capitalization of $1.80 billion, a P/E ratio of 13.00 and a beta of 0.63.

Institutional Trading of Central Garden & Pet

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of Central Garden & Pet in the 3rd quarter worth about $29,000. EverSource Wealth Advisors LLC increased its position in shares of Central Garden & Pet by 444.0% during the second 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 period. Tower Research Capital LLC TRC raised its stake in Central Garden & Pet by 239.5% in the second 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 in the last quarter. Vestcor Inc purchased a new stake in Central Garden & Pet in the third quarter worth about $208,000. Finally, Aristides Capital LLC lifted its holdings in Central Garden & Pet by 8.0% in the third quarter. Aristides Capital LLC now owns 8,436 shares of the company’s stock worth $249,000 after buying an additional 623 shares during the period. 50.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CENTA has been the topic of several research analyst reports. Zacks Research cut shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. cut their price target on shares of Central Garden & Pet from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Central Garden & Pet in a research report on Thursday, October 30th. Canaccord Genuity Group lifted their price objective on shares of Central Garden & Pet from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Wall Street Zen lowered shares of Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.33.

Central Garden & Pet Company Profile

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on dog and cat supplies such as dog treats and chews, toys, pet beds and containment, grooming products, waste management and training pads, supplies for aquatics, small animals, reptiles and pet birds including toys, cages and habitats, bedding, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish, and small animals, as well as outdoor cushions.