Argus lowered shares of Central Garden & Pet (NASDAQ:CENTA – Free Report) from a buy rating to a hold rating in a report issued on Tuesday, MarketBeat Ratings reports.
Several other equities research analysts also recently weighed in on CENTA. JPMorgan Chase & Co. cut their price target 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 Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Central Garden & Pet currently has an average rating of “Moderate Buy” and an average target price of $41.33.
View Our Latest Stock Analysis on CENTA
Central Garden & Pet Stock Performance
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System lifted its stake in Central Garden & Pet by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 15,269 shares of the company’s stock valued at $504,000 after buying an additional 377 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Central Garden & Pet in the second quarter valued at approximately $93,000. LSV Asset Management boosted its stake in shares of Central Garden & Pet by 85.8% in the second quarter. LSV Asset Management now owns 439,066 shares of the company’s stock worth $14,502,000 after acquiring an additional 202,761 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Central Garden & Pet during the second quarter worth approximately $37,000. Finally, Texas Permanent School Fund Corp raised its stake in Central Garden & Pet by 7.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 50,729 shares of the company’s stock valued at $1,676,000 after purchasing an additional 3,470 shares during the last quarter. Hedge funds and other institutional investors own 50.82% of the company’s stock.
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.
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