Jane Street Group LLC Reduces Stake in Central Garden & Pet (NASDAQ:CENTA)

Jane Street Group LLC cut its stake in shares of Central Garden & Pet (NASDAQ:CENTA) by 11.7% during the third quarter, HoldingsChannel reports. The firm owned 82,753 shares of the company’s stock after selling 11,008 shares during the quarter. Jane Street Group LLC’s holdings in Central Garden & Pet were worth $2,598,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CENTA. Quarry LP boosted its stake in shares of Central Garden & Pet by 503.2% during the 2nd quarter. Quarry LP now owns 754 shares of the company’s stock worth $25,000 after purchasing an additional 629 shares during the period. Federated Hermes Inc. bought a new stake in Central Garden & Pet in the second quarter worth about $26,000. Quest Partners LLC purchased a new position in shares of Central Garden & Pet during the second quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Central Garden & Pet in the second quarter worth approximately $61,000. Finally, CWM LLC raised its holdings in shares of Central Garden & Pet by 72.6% in the third quarter. CWM LLC now owns 1,957 shares of the company’s stock worth $61,000 after buying an additional 823 shares during the period. 50.82% of the stock is owned by institutional investors.

Central Garden & Pet Stock Performance

Shares of Central Garden & Pet stock opened at $33.82 on Friday. 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 stock’s fifty day moving average price is $32.20 and its 200-day moving average price is $32.74. The firm has a market cap of $2.22 billion, a P/E ratio of 20.90 and a beta of 0.78. Central Garden & Pet has a 12 month low of $27.70 and a 12 month high of $41.03.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. StockNews.com cut shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Central Garden & Pet currently has an average rating of “Buy” and an average target price 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.