Central Garden & Pet (CENT) - Bull of the Day
June 02 2011 - 8:00PM
Zacks
Central Garden & Pet Co. (CENT) recently posted
better-than-expected second-quarter 2011 results. The quarterly
earnings of $0.54 per share beat the Zacks Consensus Estimate of
$0.49 and rose 10.2% from the prior-year quarter. Being the leading
producer of garden and pet supplies products in the U.S. with a
diversified portfolio of brands, Central Garden & Pet has
developed a healthy commercial relationship with giant retailers.
This provides significant upside potential for the company. The
company's effective inventory management is also helping it to
optimize merchandise levels in accordance with sales trends.
The stock is trading at a discount to the peer group, based on
forward earnings estimates. We have a long-term Outperform
recommendation on the stock. Our target price of $11.00, 12.4X 2011
EPS, reflects this view.
CENTRAL GARDEN (CENT): Free Stock Analysis Report
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