Central Garden & Pet (NASDAQ:CENTA) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Central Garden & Pet (NASDAQ:CENTA) posted its quarterly earnings results on Wednesday. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.11 by $0.10, Zacks reports. The firm had revenue of $617.37 million during the quarter, compared to analysts’ expectations of $636.62 million. Central Garden & Pet had a return on equity of 11.00% and a net margin of 5.04%. Central Garden & Pet updated its FY 2026 guidance to 2.700- EPS.

Central Garden & Pet Trading Up 4.3%

NASDAQ:CENTA opened at $33.17 on Friday. The stock’s 50 day moving average price is $29.90 and its 200 day moving average price is $30.62. Central Garden & Pet has a 52-week low of $25.97 and a 52-week high of $37.35. The company has a market capitalization of $2.07 billion, a PE ratio of 13.54 and a beta of 0.67. The company has a quick ratio of 2.33, a current ratio of 3.67 and a debt-to-equity ratio of 0.75.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Aristides Capital LLC increased its stake in Central Garden & Pet by 8.0% in the 3rd quarter. Aristides Capital LLC now owns 8,436 shares of the company’s stock valued at $249,000 after buying an additional 623 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Central Garden & Pet by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,421 shares of the company’s stock valued at $996,000 after purchasing an additional 743 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Central Garden & Pet by 1.5% during the 2nd quarter. California State Teachers Retirement System now owns 50,530 shares of the company’s stock worth $1,581,000 after buying an additional 771 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Central Garden & Pet by 444.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock worth $31,000 after buying an additional 817 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Central Garden & Pet in the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 50.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CENTA. KeyCorp restated an “overweight” rating on shares of Central Garden & Pet in a research note on Wednesday, December 17th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $28.00 price objective (down previously from $31.00) on shares of Central Garden & Pet in a research note on Friday, January 16th. CJS Securities upgraded Central Garden & Pet to a “strong-buy” rating in a research note on Thursday, December 11th. Wall Street Zen lowered Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings raised shares of Central Garden & Pet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.75.

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.