Central Garden & Pet (NASDAQ:CENT) Issues FY25 Earnings Guidance

Central Garden & Pet (NASDAQ:CENT) updated its FY25 earnings guidance on Monday. The company provided EPS guidance of $2.20 or better for the period, compared to the consensus EPS estimate of $2.44.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Truist Financial cut their target price on shares of Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Canaccord Genuity Group restated a “buy” rating and issued a $48.00 target price on shares of Central Garden & Pet in a research note on Monday, September 30th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Central Garden & Pet currently has an average rating of “Buy” and an average target price of $47.50.

Central Garden & Pet Stock Up 0.3 %

Shares of CENT traded up $0.11 during mid-day trading on Monday, hitting $38.81. 179,152 shares of the company’s stock were exchanged, compared to its average volume of 114,614. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.16 and a current ratio of 3.66. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 18.20 and a beta of 0.75. The stock’s 50-day moving average is $35.78 and its 200-day moving average is $38.69. Central Garden & Pet has a fifty-two week low of $31.31 and a fifty-two week high of $47.48.

Insider Buying and Selling

In other news, Chairman William E. Brown sold 60,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $33.54, for a total value of $2,012,400.00. Following the completion of the sale, the chairman now owns 1,125,773 shares of the company’s stock, valued at $37,758,426.42. This represents a 5.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.53% of the company’s stock.

About Central Garden & Pet

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.