Central Garden & Pet（纳斯达克股票代码：CENTA）更新2023财年盈利指引

Central Garden & Pet (NASDAQ:CENTA – Get Rating) issued an update on its FY 2023 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.35- for the period, compared to the consensus earnings per share estimate of $2.65. The company issued revenue guidance of -. Central Garden & Pet also updated its Q2 2023 guidance to $0.90-$0.90 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CENTA shares. StockNews.com initiated coverage on Central Garden & Pet in a research report on Thursday, March 16th. They set a hold rating for the company. JPMorgan Chase & Co. cut their price target on shares of Central Garden & Pet from $41.00 to $38.00 and set a neutral rating on the stock in a research note on Wednesday. Truist Financial dropped their price objective on shares of Central Garden & Pet from $60.00 to $45.00 and set a buy rating for the company in a report on Wednesday. Finally, KeyCorp dropped their price target on shares of Central Garden & Pet from $48.00 to $46.00 and set an overweight rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $44.75.

Central Garden & Pet Stock Down 1.3 %

Shares of Central Garden & Pet stock opened at $35.38 on Friday. The company has a quick ratio of 1.15, a current ratio of 3.58 and a debt-to-equity ratio of 0.90. Central Garden & Pet has a 52-week low of $33.69 and a 52-week high of $43.43. The company has a market capitalization of $1.91 billion, a P/E ratio of 14.38 and a beta of 0.70. The company has a 50 day moving average of $38.29 and a 200 day moving average of $38.01.

Central Garden & Pet (NASDAQ:CENTA – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The company reported ($0.16) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.02. The business had revenue of $627.66 million for the quarter, compared to analyst estimates of $605.61 million. Central Garden & Pet had a net margin of 4.08% and a return on equity of 10.16%. As a group, research analysts forecast that Central Garden & Pet will post 2.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman William E. Brown sold 115,671 shares of the company's stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $39.43, for a total transaction of $4,560,907.53. Following the completion of the transaction, the chairman now directly owns 923,445 shares of the company's stock, valued at approximately $36,411,436.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.28% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CENTA. Victory Capital Management Inc. increased its position in Central Garden & Pet by 27.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,238,044 shares of the company's stock worth $80,122,000 after buying an additional 484,638 shares during the period. Norges Bank acquired a new position in Central Garden & Pet during the fourth quarter worth approximately $13,824,000. Vanguard Group Inc. increased its position in Central Garden & Pet by 1.7% during the first quarter. Vanguard Group Inc. now owns 4,371,134 shares of the company's stock worth $178,254,000 after buying an additional 72,345 shares during the period. The Manufacturers Life Insurance Company increased its position in Central Garden & Pet by 11.1% during the first quarter. The Manufacturers Life Insurance Company now owns 466,778 shares of the company's stock worth $19,035,000 after buying an additional 46,743 shares during the period. Finally, Ergoteles LLC purchased a new position in shares of Central Garden & Pet in the 1st quarter valued at approximately $1,746,000. 69.21% of the stock is owned by institutional investors and hedge funds.

About Central Garden & Pet

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Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, and garden and pet supplies markets. It operates through the following segments: Pets and Garden. The Pet segment includes dog and cat supplies such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, pet containment, supplies for aquatics, small animals, reptiles and pet birds including toys, cages and habitats, bedding, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish and small animals as well as outdoor cushions.

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