Central Garden & Pet (NASDAQ:CENTA) Reaches New 1-Year High – Here’s Why

Shares of Central Garden & Pet Company (NASDAQ:CENTA) reached a new 52-week high during trading on Friday . The company traded as high as $38.15 and last traded at $37.6090, with a volume of 7830 shares. The stock had previously closed at $36.78.

Analyst Ratings Changes

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

Central Garden & Pet Trading Up 0.9%

The firm has a market cap of $2.35 billion, a PE ratio of 13.68 and a beta of 0.59. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.45 and a quick ratio of 2.16. The business has a 50-day moving average price of $34.09 and a two-hundred day moving average price of $32.28.

Central Garden & Pet (NASDAQ:CENTA) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.08 by $0.21. The business had revenue of $906.15 million for the quarter, compared to analyst estimates 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. Analysts forecast that Central Garden & Pet Company will post 2.83 EPS for the current year.

Institutional Trading of Central Garden & Pet

Several institutional investors and hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of Central Garden & Pet in the fourth quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new position in shares of Central Garden & Pet during the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its stake in Central Garden & Pet by 444.0% in 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 in the last quarter. IFP Advisors Inc lifted its stake in Central Garden & Pet by 198.4% in 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 in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Central Garden & Pet by 577.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,654 shares of the company’s stock valued at $48,000 after buying an additional 1,410 shares during the last quarter. Hedge funds and other institutional investors own 50.82% of the company’s stock.

About Central Garden & Pet

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.