Central Garden & Pet to Post Q1 2023 Earnings of ($0.16) Per Share, KeyCorp Forecasts (NASDAQ:CENT)

Central Garden & Pet (NASDAQ:CENTGet Rating) – Stock analysts at KeyCorp issued their Q1 2023 EPS estimates for shares of Central Garden & Pet in a report released on Monday, November 21st. KeyCorp analyst B. Thomas anticipates that the company will post earnings of ($0.16) 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 FY2024 earnings at $2.85 EPS.

Separately, CJS Securities assumed coverage on shares of Central Garden & Pet in a research report on Thursday, August 25th. They set a “market outperform” rating and a $50.00 target price on the stock.

Central Garden & Pet Price Performance

Shares of Central Garden & Pet stock opened at $40.04 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.45 and a current ratio of 3.34. The firm’s 50-day simple moving average is $39.37 and its 200-day simple moving average is $41.73. Central Garden & Pet has a twelve month low of $35.61 and a twelve month high of $53.40. The firm has a market cap of $2.18 billion, a P/E ratio of 14.40 and a beta of 0.63.

Hedge Funds Weigh In On Central Garden & Pet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truist Financial Corp grew 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 acquiring an additional 252 shares during the last quarter. KBC Group NV increased its holdings in Central Garden & Pet by 26.6% during 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 in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Central Garden & Pet by 0.6% during the second quarter. Renaissance Technologies LLC now owns 295,811 shares of the company’s stock worth $12,548,000 after purchasing an additional 1,900 shares during the last quarter. Delphia USA Inc. acquired a new stake in shares of Central Garden & Pet in the second quarter valued at $201,000. Finally, Swiss National Bank increased its stake in shares of Central Garden & Pet by 5.7% in the second quarter. Swiss National Bank now owns 24,050 shares of the company’s stock valued at $1,020,000 after buying an additional 1,300 shares in the last quarter. 18.08% of the stock is currently owned by institutional investors and hedge funds.

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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