Central Garden & Pet (NASDAQ:CENTA) Price Target Raised to $40.00

Central Garden & Pet (NASDAQ:CENTAGet Rating) had its price objective hoisted by JPMorgan Chase & Co. from $37.00 to $40.00 in a research note released on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

CENTA has been the topic of several other research reports. StockNews.com downgraded shares of Central Garden & Pet from a buy rating to a hold rating in a report on Wednesday, October 19th. KeyCorp decreased their price target on shares of Central Garden & Pet from $52.00 to $48.00 and set an overweight rating on the stock in a research report on Tuesday. Truist Financial decreased their price target on shares of Central Garden & Pet from $65.00 to $60.00 and set a buy rating on the stock in a research report on Monday, August 8th. Finally, CJS Securities assumed coverage on shares of Central Garden & Pet in a research report on Thursday, August 25th. They issued an outperform rating and a $50.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Central Garden & Pet has a consensus rating of Moderate Buy and an average price target of $49.50.

Central Garden & Pet Stock Down 0.6 %

Central Garden & Pet stock opened at $38.01 on Tuesday. The company has a market capitalization of $2.07 billion, a P/E ratio of 13.67 and a beta of 0.64. The firm’s fifty day simple moving average is $37.36 and its 200-day simple moving average is $39.29. The company has a current ratio of 3.34, a quick ratio of 1.45 and a debt-to-equity ratio of 0.89. Central Garden & Pet has a 1-year low of $33.69 and a 1-year high of $48.67.

Institutional Trading of Central Garden & Pet

Several institutional investors have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Central Garden & Pet during the 3rd quarter valued at about $188,000. Alliancebernstein L.P. boosted its position in Central Garden & Pet by 1.6% in the third quarter. Alliancebernstein L.P. now owns 60,410 shares of the company’s stock valued at $2,064,000 after buying an additional 923 shares in the last quarter. State Street Corp boosted its position in Central Garden & Pet by 2.1% in the third quarter. State Street Corp now owns 1,498,211 shares of the company’s stock valued at $51,179,000 after buying an additional 31,135 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Central Garden & Pet by 2.9% in the third quarter. Public Employees Retirement System of Ohio now owns 108,636 shares of the company’s stock valued at $3,711,000 after buying an additional 3,107 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Central Garden & Pet in the third quarter valued at about $1,398,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Central Garden & Pet Company Profile

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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 grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.

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