Central Garden Pet Stock Today
| CENT Stock | USD 42.08 1.85 4.60% |
Performance7 of 100
| Odds Of DistressLess than 9
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Central Garden is selling for under 42.08 as of the 24th of April 2024; that is 4.60 percent up since the beginning of the trading day. The stock's last reported lowest price was 40.24. Central Garden has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Central Garden Pet are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of January 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Household & Personal Products | IPO Date 15th of July 1993 | Category Consumer Defensive | Classification Consumer Staples |
Central Garden Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. Central Garden Pet Company was founded in 1955 and is based in Walnut Creek, California. Central Garden operates under Packaged Foods classification in the United States and is traded on NASDAQ Exchange. The company has 13.85 M outstanding shares of which 1.19 M shares are currently shorted by private and institutional investors with about 9.94 trading days to cover. More on Central Garden Pet
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Central Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Central Garden's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Central Garden or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | John Ranelli | ||||
| Business Concentration | Household Products, Household & Personal Products, Consumer Defensive, NASDAQ Composite, SP Small-Cap 600, NASDAQ Composite Total, Consumer Staples, Household Products, Packaged Foods, Consumer Defensive (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Central Garden report their recommendations after researching Central Garden's financial statements, talking to executives and customers, or listening in on Central Garden's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Central Garden Pet. The Central consensus assessment is calculated by taking the average forecast from all of the analysts covering Central Garden. | |||||
Central Garden's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Central Garden's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Central Garden's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Central Garden's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Central Garden's financial leverage. It provides some insight into what part of Central Garden's total assets is financed by creditors.
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Central Garden Pet (CENT) is traded on NASDAQ Exchange in USA. It is located in 1340 Treat Boulevard, Walnut Creek, CA, United States, 94597 and employs 6,300 people. Central Garden is listed under Household Products category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.64 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Central Garden's market, we take the total number of its shares issued and multiply it by Central Garden's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Central Garden Pet conducts business under Household Products sector and is part of Consumer Staples industry. The entity has 13.85 M outstanding shares of which 1.19 M shares are currently shorted by private and institutional investors with about 9.94 trading days to cover.
Central Garden Pet currently holds about 195.79 M in cash with 381.63 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.6.
Check Central Garden Probability Of Bankruptcy
Ownership AllocationCentral Garden Pet retains a total of 13.85 Million outstanding shares. The majority of Central Garden Pet outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Central Garden Pet to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Central Garden. Please pay attention to any change in the institutional holdings of Central Garden Pet as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Central Ownership Details
Central Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Central Garden jumping above the current price in 90 days from now is about 29.87%. The Central Garden Pet probability density function shows the probability of Central Garden stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.9042 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Central Garden will likely underperform. Additionally, central Garden Pet has an alpha of 0.037, implying that it can generate a 0.037 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Central Garden to move above the current price in 90 days from now is about 29.87 (This Central Garden Pet probability density function shows the probability of Central Stock to fall within a particular range of prices over 90 days) .
Central Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Central Garden that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Central Garden's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Central Garden's value.| Instituion | Recorded On | Shares | |
| Orchard Capital Management, Llc | 2023-12-31 | 169.1 K | |
| Bank Of America Corp | 2023-12-31 | 160.2 K | |
| Hotchkis & Wiley Capital Management Llc | 2023-12-31 | 127.8 K | |
| Gw&k Investment Management, Llc | 2023-12-31 | 112.3 K | |
| Amvescap Plc. | 2023-12-31 | 90.7 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 87.7 K | |
| Millennium Management Llc | 2023-12-31 | 83 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 80.8 K | |
| Martin & Co Inc | 2023-12-31 | 74.1 K | |
| Blackrock Inc | 2023-12-31 | 1.6 M | |
| Pacer Advisors, Inc. | 2023-12-31 | 1.6 M |
Central Garden Historical Income Statement
Central Garden Pet Income Statement is one of the three primary financial statements used for reporting Central's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Central Garden Pet revenue and expense. Central Garden Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Central Garden's Total Operating Expenses is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 196.2 M in 2024, whereas Net Income From Continuing Ops is likely to drop slightly above 94.3 M in 2024. View More FundamentalsCentral Stock Against Markets
Picking the right benchmark for Central Garden stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Central Garden stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Central Garden is critical whether you are bullish or bearish towards Central Garden Pet at a given time. Please also check how Central Garden's historical prices are related to one of the top price index indicators.
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Central Garden Corporate Directors
Central Garden corporate directors refer to members of a Central Garden board of directors. The board of directors generally takes responsibility for the Central Garden's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Central Garden's board members must vote for the resolution. The Central Garden board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| David Chichester | Acting CFO and Executive Director | Profile | |
| Mary Springer | Independent Director | Profile | |
| Alfred Piergallini | Independent Director | Profile | |
| Michael Edwards | Independent Director | Profile |
How to buy Central Stock?
Before investing in Central Garden, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Central Garden. To buy Central Garden stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Central Garden. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Central Garden stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Central Garden Pet stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Central Garden Pet stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Central Garden Pet, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Central Stock please use our How to Invest in Central Garden guide.
Already Invested in Central Garden Pet?
The danger of trading Central Garden Pet is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Central Garden is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Central Garden. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Central Garden Pet is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Central Garden Pet offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Central Garden's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Central Garden Pet Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Central Garden Pet Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Central Garden Pet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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When running Central Garden's price analysis, check to measure Central Garden's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Central Garden is operating at the current time. Most of Central Garden's value examination focuses on studying past and present price action to predict the probability of Central Garden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Garden's price. Additionally, you may evaluate how the addition of Central Garden to your portfolios can decrease your overall portfolio volatility.
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Is Central Garden's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Central Garden. If investors know Central will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Central Garden listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.122 | Earnings Share 2.02 | Revenue Per Share 63.351 | Quarterly Revenue Growth 0.011 | Return On Assets 0.0451 |
The market value of Central Garden Pet is measured differently than its book value, which is the value of Central that is recorded on the company's balance sheet. Investors also form their own opinion of Central Garden's value that differs from its market value or its book value, called intrinsic value, which is Central Garden's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Central Garden's market value can be influenced by many factors that don't directly affect Central Garden's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Central Garden's value and its price as these two are different measures arrived at by different means. Investors typically determine if Central Garden is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Central Garden's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.