Central Garden & Pet to Post Q2 2023 Earnings of $1.25 Per Share, KeyCorp Forecasts (NASDAQ:CENT)

Central Garden & Pet (NASDAQ:CENTGet Rating) – Analysts at KeyCorp issued their Q2 2023 earnings estimates for shares of Central Garden & Pet in a research note issued to investors on Monday, November 21st. KeyCorp analyst B. Thomas forecasts that the company will earn $1.25 per share for the quarter. The consensus estimate for Central Garden & Pet’s current full-year earnings is $2.63 per share. KeyCorp also issued estimates for Central Garden & Pet’s Q3 2023 earnings at $1.46 EPS, Q4 2023 earnings at $0.06 EPS and FY2023 earnings at $2.62 EPS.

Separately, CJS Securities started coverage on shares of Central Garden & Pet in a research note on Thursday, August 25th. They issued a “market outperform” rating and a $50.00 target price for the company.

Central Garden & Pet Price Performance

Shares of NASDAQ CENT opened at $40.04 on Wednesday. The firm has a market cap of $2.18 billion, a PE ratio of 14.40 and a beta of 0.63. The company has a current ratio of 3.34, a quick ratio of 1.45 and a debt-to-equity ratio of 0.89. Central Garden & Pet has a 1-year low of $35.61 and a 1-year high of $53.40. The company has a fifty day moving average price of $39.43 and a 200 day moving average price of $41.72.

Institutional Investors Weigh In On Central Garden & Pet

Several institutional investors and hedge funds have recently added to or reduced their stakes in CENT. Truist Financial Corp lifted its position in Central Garden & Pet by 3.1% during the 1st quarter. Truist Financial Corp now owns 8,427 shares of the company’s stock worth $371,000 after buying an additional 252 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in Central Garden & Pet by 43.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,176 shares of the company’s stock worth $96,000 after buying an additional 660 shares in the last quarter. KBC Group NV raised its holdings in shares of Central Garden & Pet by 26.6% in the 1st quarter. KBC Group NV now owns 2,296 shares of the company’s stock valued at $101,000 after purchasing an additional 483 shares during the period. Swiss National Bank raised its holdings in shares of Central Garden & Pet by 7.1% in the 1st quarter. Swiss National Bank now owns 22,750 shares of the company’s stock valued at $1,000,000 after purchasing an additional 1,500 shares during the period. Finally, State of Tennessee Treasury Department raised its holdings in shares of Central Garden & Pet by 17.9% in the 1st quarter. State of Tennessee Treasury Department now owns 3,708 shares of the company’s stock valued at $163,000 after purchasing an additional 562 shares during the period. 18.08% of the stock is owned by institutional investors.

About Central Garden & Pet

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Central Garden & Pet Company produces and distributes various 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 provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.

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Earnings History and Estimates for Central Garden & Pet (NASDAQ:CENT)

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