Central Garden & Pet’s (CENTA) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Central Garden & Pet (NASDAQ:CENTA) in a report released on Friday morning, MarketBeat Ratings reports. They currently have a $28.00 price objective on the stock, down from their previous price objective of $31.00.

A number of other equities analysts have also weighed in on the stock. KeyCorp reiterated an “overweight” rating on shares of Central Garden & Pet in a report on Wednesday, December 17th. Zacks Research downgraded Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 24th. Wall Street Zen lowered Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. CJS Securities raised Central Garden & Pet to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings cut Central Garden & Pet from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.75.

Central Garden & Pet Stock Down 2.9%

Shares of NASDAQ:CENTA opened at $29.28 on Friday. The company has a current ratio of 3.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 11.48 and a beta of 0.65. The stock’s 50-day moving average price is $29.57 and its two-hundred day moving average price is $30.96. Central Garden & Pet has a 12-month low of $25.97 and a 12-month high of $37.35.

Central Garden & Pet (NASDAQ:CENTA) last posted its quarterly earnings data on Monday, November 24th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.11. Central Garden & Pet had a net margin of 5.20% and a return on equity of 11.17%. The company had revenue of $678.00 million during the quarter, compared to the consensus estimate of $657.86 million. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. On average, research analysts forecast that Central Garden & Pet will post 2.38 EPS for the current year.

Institutional Trading of Central Garden & Pet

Several large investors have recently bought and sold shares of the company. Federated Hermes Inc. grew its holdings in Central Garden & Pet by 164.0% during the 3rd quarter. Federated Hermes Inc. now owns 858 shares of the company’s stock valued at $25,000 after purchasing an additional 533 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Central Garden & Pet in the third quarter worth $29,000. EverSource Wealth Advisors LLC raised its holdings in Central Garden & Pet by 444.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock valued at $31,000 after acquiring an additional 817 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in Central Garden & Pet by 152.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,215 shares of the company’s stock valued at $38,000 after acquiring an additional 733 shares during the last quarter. Finally, EMC Capital Management acquired a new position in Central Garden & Pet during the 2nd quarter worth $87,000. Institutional investors and hedge funds own 50.82% of the company’s stock.

Central Garden & Pet Company Profile

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.