Central Garden & Pet (NASDAQ:CENTA) Receives $41.33 Average PT from Brokerages

Shares of Central Garden & Pet (NASDAQ:CENTA) have earned an average recommendation of “Buy” from the five research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $41.33.

Several analysts have weighed in on the company. StockNews.com cut Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lowered their target price on Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, October 11th.

Institutional Trading of Central Garden & Pet

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP boosted its stake in Central Garden & Pet by 503.2% in the 2nd quarter. Quarry LP now owns 754 shares of the company’s stock worth $25,000 after purchasing an additional 629 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of Central Garden & Pet in the second quarter worth approximately $26,000. Quest Partners LLC bought a new position in shares of Central Garden & Pet in the second quarter worth approximately $37,000. CWM LLC grew its holdings in shares of Central Garden & Pet by 3,558.1% during the second quarter. CWM LLC now owns 1,134 shares of the company’s stock valued at $37,000 after buying an additional 1,103 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Central Garden & Pet during the second quarter valued at approximately $61,000. 50.82% of the stock is owned by institutional investors.

Central Garden & Pet Trading Down 1.1 %

Shares of CENTA opened at $33.82 on Friday. Central Garden & Pet has a 1-year low of $27.70 and a 1-year high of $41.03. The company has a current ratio of 3.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.76. The firm’s 50-day moving average price is $32.20 and its 200-day moving average price is $32.72. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 20.90 and a beta of 0.78.

Central Garden & Pet Company Profile

Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments: Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.