Based on ratings from 7 stock analysts, the Central Garden & Pet Co stock price is expected to increase by 2.39% in 12 months. This is calculated by using the average 12-month stock price forecast for Central Garden & Pet Co. The lowest target is $32 and the highest is $50. Please note analyst price targets are not guaranteed and could be missed completely.
About 7 Wall Street analysts have assigned CENT 6 buy ratings, 1 hold ratings, and 0 sell ratings. This means that analysts expect Central Garden & Pet Co to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CENT. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of CENT.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Brian McNamara Canaccord Genuity | Buy | $45 | Maintains | Nov 26, 2024 |
Bill Chappell Truist Securities | Buy | $40 | Maintains | Oct 16, 2024 |
Brian McNamara Canaccord Genuity | Buy | $48 | Maintains | Sep 30, 2024 |
Brian McNamara Canaccord Genuity | Buy | $49 | Maintains | Jul 1, 2024 |
John Staszak Argus Research | Buy | $50 | Upgrade | May 28, 2024 |
Brian McNamara Canaccord Genuity | Buy | $52 | Initiates | Mar 12, 2024 |
Bill Chappell Truist Securities | Buy | $60 | Maintains | Feb 9, 2024 |
Bill Chappell Truist Securities | Buy | $50 | Reiterates | Sep 21, 2023 |
Keybanc | Overweight | Maintains | Aug 3, 2023 | |
Bill Chappell Truist Securities | Buy | $45 | Maintains | Apr 19, 2023 |
Keybanc | Overweight | Maintains | Apr 19, 2023 | |
JP Morgan | Neutral | Maintains | Apr 19, 2023 | |
JP Morgan | Overweight | Maintains | Jan 13, 2023 | |
JP Morgan | Neutral | Maintains | Nov 22, 2022 | |
Keybanc | Overweight | Maintains | Nov 22, 2022 | |
JP Morgan | Neutral | Maintains | Oct 13, 2022 | |
Stefanos Crist CJS Securities | Market Outperform | $50 | Initiates | Aug 25, 2022 |
Truist Securities | Buy | Maintains | Aug 8, 2022 | |
Keybanc | Overweight | Maintains | Aug 4, 2022 | |
Keybanc | Overweight | Maintains | Jun 23, 2022 |
When did it IPO
1993
Staff Count
6,700
Country
United States
Sector/Industry
Consumer Defensive/Packaged Foods
CEO
Mr. Nicholas Lahanas
Market Cap
$2.36B
In 2023, CENT generated $3.31B in revenue, which was a decrease of -0.85% from the previous year. This can be seen as a signal that CENT's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Central Garden & Pet Company (NASDAQ: CENT) will participate in the KeyBanc Capital Markets Consumer Spotlight event on December 12-13, 2024, with a fireside chat on December 12 at 3:55 pm ET.
Why It Matters - Central Garden & Pet's participation in a prominent investor event signals management's commitment to transparency and engagement, potentially influencing investor confidence and stock performance.
Summary - Nylabone, part of Central Garden & Pet (NASDAQ: CENT), donated over $1 million in chew toys and treats to animal welfare groups in 2024 through its Nylabone Caresโข program.
Why It Matters - The substantial donation by Nylabone enhances brand reputation and community goodwill, potentially driving sales growth and positively impacting Central Garden & Pet's stock performance.
Summary - Comfort Zone, a cat calming brand, is launching a campaign targeting singles to challenge negative stereotypes about cat dads ahead of the 2025 cuffing season.
Why It Matters - Comfort Zone's campaign targeting singles during cuffing season highlights a growing market trend in pet products, suggesting potential revenue growth and brand positioning that could attract investors.
Summary - CENT's Q4 earnings are expected to show weakness in the Pet segment due to a decrease in new pet adoptions.
Why It Matters - CENT's expected decline in pet segment earnings suggests potential revenue challenges, impacting overall profitability and stock performance, raising concerns for investor confidence.
Summary - Central Garden (CENT) reported a quarterly loss of $0.18 per share, better than the expected loss of $0.20, compared to a profit of $0.08 per share in the same quarter last year.
Why It Matters - Central Garden's smaller-than-expected loss signals potential operational improvements, which may boost investor confidence and influence stock performance positively.
Summary - Central Garden & Pet reported an 11% decline in net sales for Q4 but is actively managing costs and simplifying its portfolio.
Why It Matters - Net sales decline signals potential challenges for Central Garden & Pet, but cost containment and portfolio simplification may improve future profitability and operational efficiency.