Zacks Research Lowers Q1 2025 EPS Estimates for Central Garden & Pet (NASDAQ:CENT)

Central Garden & Pet (NASDAQ:CENT) has recently seen a reduction in their Q1 2025 EPS estimates by Zacks Research analyst S. Singh. The new estimate predicts earnings per share of $0.01 for the quarter, down from the previous estimate of $0.02. This news comes after the company reported $0.99 earnings per share for the quarter ending on May 8th, surpassing analysts’ expectations.

Despite the decrease in EPS estimates, Central Garden & Pet has received positive ratings from various research reports. Truist Financial raised their target price for the company, while Monness Crespi & Hardt upgraded their rating to “strong-buy.” Canaccord Genuity Group and TheStreet also provided positive ratings for the stock.

In terms of trading, Central Garden & Pet stock experienced a 1.8% decrease, trading at $45.35 on Thursday. The company’s stock has a 12 month low of $28.58 and a high of $47.48, with a market cap of $3.05 billion.

Insider activity has also been notable, with CAO Howard Machek selling shares of the company’s stock. Additionally, insider John D. Walker III sold shares of Central Garden & Pet, contributing to a total of 44,218 shares sold by company insiders in the last quarter.

Institutional investors have also shown interest in Central Garden & Pet, with ProShare Advisors LLC and other hedge funds modifying their holdings of the company’s stock.

Central Garden & Pet operates in the lawn and garden, as well as pet supplies markets in the United States. The company’s Pet segment offers a variety of products for pets, including supplies for dogs, cats, aquatics, small animals, and more.

While Central Garden & Pet currently holds a “Buy” rating among analysts, top-rated analysts have identified other stocks as better buys. MarketBeat’s top five short plays for June 2024 have also been released, providing insights into companies with high short interest.