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Central Garden & Pet (NASDAQ:CENTA) PT Raised to $60.00 at Truist Financial

Written by Amanda

Central Garden & Pet (NASDAQ:CENTAGet Free Report) had its price target boosted by equities research analysts at Truist Financial from $50.00 to $60.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 67.13% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Central Garden & Pet from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday. StockNews.com upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Thursday. Finally, TheStreet cut shares of Central Garden & Pet from a “b” rating to a “c+” rating in a report on Tuesday, November 21st. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Central Garden & Pet has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

View Our Latest Stock Analysis on Central Garden & Pet

Central Garden & Pet Price Performance

Shares of NASDAQ:CENTA opened at $35.90 on Friday. The company’s fifty day moving average is $30.55 and its two-hundred day moving average is $27.33. The company has a quick ratio of 1.90, a current ratio of 3.47 and a debt-to-equity ratio of 0.82. Central Garden & Pet has a 12-month low of $27.02 and a 12-month high of $39.55. The company has a market cap of $1.93 billion, a P/E ratio of 14.25 and a beta of 0.64.

Central Garden & Pet (NASDAQ:CENTAGet Free Report) last announced its earnings results on Monday, November 20th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Central Garden & Pet had a net margin of 4.06% and a return on equity of 10.32%. The company had revenue of $750.15 million for the quarter, compared to the consensus estimate of $731.81 million. During the same period in the previous year, the business earned ($0.03) EPS. Equities analysts expect that Central Garden & Pet will post 2.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Central Garden & Pet

In other Central Garden & Pet news, Director John Ranelli sold 4,375 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $23.18, for a total transaction of $101,416.00. Following the completion of the sale, the director now directly owns 227 shares in the company, valued at $5,262.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider John Edward Hanson sold 9,375 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $25.11, for a total value of $235,380.00. Following the completion of the sale, the insider now owns 53,918 shares in the company, valued at $1,353,730.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Ranelli sold 4,375 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $23.18, for a total transaction of $101,416.00. Following the completion of the sale, the director now owns 227 shares of the company’s stock, valued at approximately $5,262.04. The disclosure for this sale can be found here. Corporate insiders own 20.28% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in shares of Central Garden & Pet by 0.5% during the second quarter. Rhumbline Advisers now owns 130,476 shares of the company’s stock worth $4,757,000 after buying an additional 703 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Central Garden & Pet by 43.9% during the second quarter. Citigroup Inc. now owns 34,861 shares of the company’s stock worth $1,271,000 after buying an additional 10,627 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Central Garden & Pet during the second quarter worth approximately $187,000. Swiss National Bank increased its holdings in shares of Central Garden & Pet by 0.7% during the second quarter. Swiss National Bank now owns 89,600 shares of the company’s stock worth $3,267,000 after buying an additional 600 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Central Garden & Pet by 7.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,253 shares of the company’s stock worth $884,000 after buying an additional 1,665 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

About Central Garden & Pet

(Get Free Report)

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 containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.

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Source: defenseworld.net

Central Garden & Pet (NASDAQ:CENTAGet Free Report) had its price target boosted by equities research analysts at Truist Financial from $50.00 to $60.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 67.13% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Central Garden & Pet from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday. StockNews.com upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Thursday. Finally, TheStreet cut shares of Central Garden & Pet from a “b” rating to a “c+” rating in a report on Tuesday, November 21st. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Central Garden & Pet has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

View Our Latest Stock Analysis on Central Garden & Pet

Central Garden & Pet Price Performance

Shares of NASDAQ:CENTA opened at $35.90 on Friday. The company’s fifty day moving average is $30.55 and its two-hundred day moving average is $27.33. The company has a quick ratio of 1.90, a current ratio of 3.47 and a debt-to-equity ratio of 0.82. Central Garden & Pet has a 12-month low of $27.02 and a 12-month high of $39.55. The company has a market cap of $1.93 billion, a P/E ratio of 14.25 and a beta of 0.64.

Central Garden & Pet (NASDAQ:CENTAGet Free Report) last announced its earnings results on Monday, November 20th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Central Garden & Pet had a net margin of 4.06% and a return on equity of 10.32%. The company had revenue of $750.15 million for the quarter, compared to the consensus estimate of $731.81 million. During the same period in the previous year, the business earned ($0.03) EPS. Equities analysts expect that Central Garden & Pet will post 2.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Central Garden & Pet

In other Central Garden & Pet news, Director John Ranelli sold 4,375 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $23.18, for a total transaction of $101,416.00. Following the completion of the sale, the director now directly owns 227 shares in the company, valued at $5,262.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider John Edward Hanson sold 9,375 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $25.11, for a total value of $235,380.00. Following the completion of the sale, the insider now owns 53,918 shares in the company, valued at $1,353,730.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Ranelli sold 4,375 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $23.18, for a total transaction of $101,416.00. Following the completion of the sale, the director now owns 227 shares of the company’s stock, valued at approximately $5,262.04. The disclosure for this sale can be found here. Corporate insiders own 20.28% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in shares of Central Garden & Pet by 0.5% during the second quarter. Rhumbline Advisers now owns 130,476 shares of the company’s stock worth $4,757,000 after buying an additional 703 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Central Garden & Pet by 43.9% during the second quarter. Citigroup Inc. now owns 34,861 shares of the company’s stock worth $1,271,000 after buying an additional 10,627 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Central Garden & Pet during the second quarter worth approximately $187,000. Swiss National Bank increased its holdings in shares of Central Garden & Pet by 0.7% during the second quarter. Swiss National Bank now owns 89,600 shares of the company’s stock worth $3,267,000 after buying an additional 600 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Central Garden & Pet by 7.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,253 shares of the company’s stock worth $884,000 after buying an additional 1,665 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

About Central Garden & Pet

(Get Free Report)

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 containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.

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Receive News & Ratings for Central Garden & Pet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Central Garden & Pet and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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