Fmr LLC Has $2.40 Million Stake in Central Garden & Pet (NASDAQ:CENTA)

Fmr LLC raised its stake in Central Garden & Pet (NASDAQ:CENTA) by 33.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,388 shares of the company’s stock after purchasing an additional 19,306 shares during the quarter. Fmr LLC’s holdings in Central Garden & Pet were worth $2,399,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Quarry LP raised its stake in shares of Central Garden & Pet by 503.2% in the second quarter. Quarry LP now owns 754 shares of the company’s stock valued at $25,000 after buying an additional 629 shares during the period. Federated Hermes Inc. bought a new stake in Central Garden & Pet in the 2nd quarter valued at about $26,000. Quest Partners LLC purchased a new stake in Central Garden & Pet during the second quarter valued at about $37,000. CWM LLC boosted its position in Central Garden & Pet by 3,558.1% during the second quarter. CWM LLC now owns 1,134 shares of the company’s stock worth $37,000 after purchasing an additional 1,103 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Central Garden & Pet in the second quarter worth about $61,000. Institutional investors own 50.82% of the company’s stock.

Central Garden & Pet Stock Performance

Shares of Central Garden & Pet stock opened at $34.72 on Friday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 21.46 and a beta of 0.78. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.66 and a quick ratio of 2.19. Central Garden & Pet has a 1 year low of $27.70 and a 1 year high of $41.03. The firm’s 50-day moving average is $31.58 and its 200 day moving average is $32.80.

Analyst Ratings Changes

A number of brokerages have issued reports on CENTA. JPMorgan Chase & Co. lowered their target price on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. StockNews.com lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $41.33.

Central Garden & Pet 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.