Central Garden & Pet (NASDAQ:CENTA) Given Average Rating of “Buy” by Analysts

Central Garden & Pet (NASDAQ:CENTA) has been given an average recommendation of “Buy” by the five brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $41.33.

A number of equities research analysts have recently issued reports on CENTA shares. JPMorgan Chase & Co. lowered their price target 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 downgraded shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th.

Institutional Investors Weigh In On Central Garden & Pet

A number of large investors have recently made changes to their positions in the business. Quarry LP increased its position in shares of Central Garden & Pet by 503.2% during 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. purchased a new position in shares of Central Garden & Pet during the 2nd quarter worth approximately $26,000. Quest Partners LLC bought a new position in shares of Central Garden & Pet in the 2nd quarter worth approximately $37,000. CWM LLC lifted its stake in shares of Central Garden & Pet by 3,558.1% in the 2nd quarter. CWM LLC now owns 1,134 shares of the company’s stock valued at $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 2nd quarter valued at approximately $61,000. 50.82% of the stock is currently owned by institutional investors.

Central Garden & Pet Stock Performance

NASDAQ CENTA opened at $33.54 on Friday. The company’s 50 day moving average is $32.34 and its 200-day moving average is $32.65. The firm has a market cap of $2.20 billion, a P/E ratio of 20.73 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. The company has a quick ratio of 2.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.76.

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.