Central Garden & Pet (NASDAQ:CENTA) Receives $41.33 Average PT from Brokerages

Shares of Central Garden & Pet (NASDAQ:CENTA - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $41.33.

A number of research analysts recently commented on the stock. Argus downgraded shares of Central Garden & Pet from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on Central Garden & Pet from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. Finally, StockNews.com lowered Central Garden & Pet from a "buy" rating to a "hold" rating in a research note on Wednesday, October 16th.

Hedge Funds Weigh In On Central Garden & Pet

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Central Garden & Pet by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,653,753 shares of the company's stock valued at $120,682,000 after acquiring an additional 29,780 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Central Garden & Pet by 1.2% during the third quarter. Victory Capital Management Inc. now owns 2,942,422 shares of the company's stock valued at $92,392,000 after purchasing an additional 36,251 shares in the last quarter. State Street Corp boosted its stake in Central Garden & Pet by 3.3% during the 3rd quarter. State Street Corp now owns 2,175,277 shares of the company's stock valued at $68,304,000 after purchasing an additional 68,689 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Central Garden & Pet by 1.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,100,751 shares of the company's stock worth $65,964,000 after buying an additional 38,077 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Central Garden & Pet by 43.0% in the 2nd quarter. American Century Companies Inc. now owns 941,509 shares of the company's stock valued at $31,098,000 after purchasing an additional 283,045 shares during the period. Institutional investors and hedge funds own 50.82% of the company's stock.

Central Garden & Pet Stock Down 1.2 %

NASDAQ CENTA traded down $0.38 on Tuesday, hitting $30.42. 221,182 shares of the stock were exchanged, compared to its average volume of 275,385. Central Garden & Pet has a fifty-two week low of $27.70 and a fifty-two week high of $41.03. The company has a 50-day moving average price of $33.04 and a 200-day moving average price of $32.51. The company has a quick ratio of 2.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.76. The company has a market cap of $2.00 billion, a PE ratio of 18.80 and a beta 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.