Canaccord Genuity Reiterates Buy Rating on Central Garden & Pet
Canaccord Genuity maintains its buy rating for Central Garden & Pet with a $53 price target, a 40.55% upside from the current price.
Key Points
- Canaccord Genuity reiterated its buy rating on Central Garden & Pet Company (CENTA) with a target price of $53 as of June 17, 2026.
- Canaccord Genuity's $53 price target implies 40.55% upside from Central Garden & Pet Company's ($CENTA) current $37.71 share price.
- Central Garden & Pet shares trade at $37.76, with a market cap of $2.31 billion and a P/E ratio of 13.4.
- Other institutional investors like BlackRock and Vanguard have also been active in Central Garden & Pet's stock.
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Canaccord Genuity has reiterated its buy rating on Central Garden & Pet Company, trading under the ticker CENTA on the NasdaqGS. Analyst Brian McNamara set a price target of $53 on June 17, 2026, suggesting potential growth from its current trading price of $37.76.
Other Institutional Activity in Central Garden & Pet
Several institutional investors have been adjusting their positions in Central Garden & Pet. BlackRock, Inc. slightly reduced its holdings by 48,727 shares, leaving it with about 7.99 million shares valued at approximately $259.1 million. Vanguard Portfolio Management LLC added 3.42 million shares, ending with the same amount of shares worth around $111 million. Dimensional Fund Advisors LP decreased its position by 25,517 shares, holding about 3.25 million shares valued at $105.5 million. Meanwhile, LSV Asset Management and American Century Companies Inc increased their stakes by 379,962 and 234,491 shares, respectively.
Central Garden & Pet Company Stock Down 0.3%
Shares of NasdaqGS:CENTA traded near $37.76. Central Garden & Pet has a market cap of about $2.31 billion and a P/E ratio of 13.4. The stock has a 52-week low of $25.97 and a high of $38.76, with a 50-day moving average of $34.53 and a 200-day moving average of $31.62. The company's beta is 0.552, indicating relatively low volatility compared to the market.
Recent Earnings
Central Garden & Pet reported revenues of $3.16 billion, reflecting a growth of 8.7%. The company achieved a net margin of 5.4% and a return on equity of 10.75%. The next earnings release is scheduled for August 5, 2026.
Analysts Set New Price Targets
On June 17, 2026, Canaccord Genuity maintained its buy rating with a $53 price target. JP Morgan, on April 17, 2026, maintained a sell rating with a $32 target. The consensus among analysts is a buy rating, with an average target price of $43.50 based on four analyst opinions.
About Central Garden & Pet Company
Central Garden & Pet Company, headquartered in Walnut Creek, California, produces and distributes a variety of products for lawn and garden, as well as pet supplies. The company operates in two segments: Pet and Garden. The Pet segment offers products for dogs, cats, aquatics, small animals, reptiles, and birds. The Garden segment provides lawn and garden supplies, including grass seed, fertilizers, and pest control products. Founded in 1955, the company employs around 6,000 people.
Bottom Line
Canaccord Genuity's reaffirmation of its buy rating on Central Garden & Pet highlights the firm's confidence in the company's growth potential. Despite some institutional investors trimming their positions, others are increasing their stakes, indicating varied sentiment. As always, remember that 13F filings and analyst ratings are backward-looking and may not reflect current market conditions.
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