Why is Central Garden & Pet Company (CENT) One of the Best Pet Stocks to Buy According to Hedge Funds?

1 month ago 24

Noor Ul Ain Rehman

Mon, February 23, 2026 astatine 9:55 AM CST 2 min read

Central Garden & Pet Company (NASDAQ:CENT) is 1 of the champion favored stocks to bargain according to hedge funds. Central Garden & Pet Company (NASDAQ:CENT) has released respective updates since the opening of the year. Most recently, the institution announced connected February 17 that its Board of Directors authorized an summation successful its banal repurchase programme nether which it is authorized to acquisition up to an further $100 cardinal of the company’s communal banal and Class A communal stock. Central Garden & Pet Company (NASDAQ:CENT) stated that the acquisition of its communal banal astatine the clip appears beneficial to some the institution and its stockholders, arsenic absorption considers the marketplace terms of its shares to beryllium presently undervalued.

Is Central Garden & Pet Company (CENT) the Best Under-the-Radar Stock to Buy Now?

In different development, Central Garden & Pet Company (NASDAQ:CENT) announced connected February 12 the assignment of Kay M. Schwichtenberg to its Board of Directors, effectual March 1, 2026. Central Garden & Pet Company (NASDAQ:CENT) besides released its fiscal Q1 2026 fiscal results connected February 4, with nett income for the 4th reaching $617 cardinal compared to $656 cardinal successful fiscal Q1 2025. The institution delivered fiscal Q1 2026 GAAP diluted EPS of $0.11 and non-GAAP diluted EPS of $0.21, compared with $0.21 a twelvemonth ago, and stated that gross borderline expanded by 110 ground points to 30.9%, compared with 29.8%, driven by improved productivity. Non-GAAP gross borderline was 30.8%.

Central Garden & Pet Company (NASDAQ:CENT) engages successful the plot and favored industries successful the US, with its operations divided into 2 segments: Pet and Garden.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.

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