Central Garden & Pet (NASDAQ:CENTA) has updated its fiscal year 2023 earnings guidance

Central Garden & Pet (NASDAQ: CENTA – Get Rating) updated its fiscal year 2023 earnings guidance on Tuesday. The company provided EPS guidance of $2.60 to $2.80 for the period, compared to EPS estimates of $2.93. The company issued revenue guidance – .

Wall Street analyst weighs in

CENTA has been the subject of several research analyst reports. KeyCorp lowered its target price on shares of Central Garden & Pet from $56.00 to $52.00 and gave an “express” rating to the company in a report on Thursday, August 4th. Truist Financial cut price target on shares of Central Garden & Pet from $65.00 to $60.00 and assigned a buy rating to the company in a report on Monday, August 8th. JPMorgan Chase & Co cut its price target on shares of Central Garden & Pet from $45.00 to $37.00 and assigned a Neutral rating to the company in a report on Thursday, October 13th. StockNews.com downgraded shares of Central Garden & Pet from a buy rating to a hold rating in a report on Wednesday, October 19th. Finally, CJS Securities began coverage on shares of Central Garden & Pet in a report on Thursday, August 25th. They issued an outperformance rating and a $50.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $49.75.

Central park and pet stock 0.3%

CENTA shares opened at $41.94 on Tuesday. Central Garden & Pet posted a 52-week low of $33.69 and a 52-week high of $50.48. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 15.20 and a beta of 0.64. The company’s 50-day simple moving average is $37.20 and its 200-day simple moving average is $39.32. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.45 and a current ratio of 3.16.

Insiders place their bets

In other Central Garden & Pet news, insider John D. Walker III sold 5,000 shares of the stock in a transaction that occurred Thursday, August 25th. The shares were sold at an average price of $40.56, for a transaction total of $202,800. After the deal, the insider now owns 88,116 shares in the company, valued at approximately $3,573,984.96. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the Saudi Electricity Company’s website. Company insiders own 20.28% of the company’s shares.

Central park institutional trade and pets

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. filed Its stake in Central Garden & Pet shares rose 1.7% during the first quarter. Vanguard Group Inc. Now 4,371,134 shares of company stock valued at $178,254,000 after acquiring an additional 72,345 shares during the period. Dimensional Fund Advisors LP increased its stake in Central Garden & Pet by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,432,630 shares of the company’s stock valued at $99,205,000 after purchasing an additional 12,052 shares during the last quarter. State Street Corp. increased its stake in Central Garden & Pet by 2.1% in the third quarter. State Street Corp. now owns 1,498,211 shares of the company’s stock worth $51,179,000 after purchasing an additional 31,135 shares during the last quarter. Bank of New York Mellon Corp. increased its stake in Central Garden & Pet by 2.2% in the third quarter. Bank of New York Mellon Corp. now owns 470,617 shares of the company’s stock worth $16,076,000 after buying an additional 9,920 shares during the last quarter. Finally, Manufacturers Life Insurance increased its stake in Central Garden & Pet by 11.1% in the first quarter. The life insurance manufacturer now owns 466,778 shares of the company’s stock valued at $19,035,000 after purchasing an additional 46,743 shares during the last quarter. Institutional investors own 70.70% of the company’s shares.

About Central Garden & Pet Company

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Central Garden & Pet Company produces and distributes various products for the lawn, garden, and pet supply markets in the United States. It operates through two divisions, Pets and Garden. The pet division 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 aquaria, small animals, reptiles, and pet birds, including toys, cages, habitats, bedding, food, and supplements; insect control, animal health and household products; live fish, products of fish, reptiles, and other aquarium pets, such as aquariums, furniture, light fixtures, pumps, filters, water conditioners, food, and supplements; and horse and cattle products, as well as outdoor cushions and cushions.

See also

Earnings history and estimates for Central Garden & Pet (NASDAQ: CENTA)

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