JPMorgan Chase & Co. Lowers Central Garden & Pet (NASDAQ:CENTA) Price Target to $31.00

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) had its price target cut by JPMorgan Chase & Co. from $32.00 to $31.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 0.58% from the stock's current price.

Several other analysts have also recently commented on CENTA. StockNews.com cut Central Garden & Pet from a "buy" rating to a "hold" rating in a report on Wednesday, October 16th. Argus cut Central Garden & Pet from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $41.00.

Central Garden & Pet Price Performance

Shares of CENTA stock traded up $0.33 during mid-day trading on Thursday, reaching $30.82. The stock had a trading volume of 212,982 shares, compared to its average volume of 277,958. The company has a market cap of $2.02 billion, a P/E ratio of 19.05 and a beta of 0.76. The business has a 50-day simple moving average of $33.00 and a 200 day simple moving average of $32.47. Central Garden & Pet has a 12-month low of $27.70 and a 12-month high of $41.03. The company has a current ratio of 3.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.76.

Hedge Funds Weigh In On Central Garden & Pet

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in shares of Central Garden & Pet in the 2nd quarter valued at approximately $93,000. Quest Partners LLC bought a new stake in shares of Central Garden & Pet in the 2nd quarter valued at approximately $37,000. Texas Permanent School Fund Corp increased its holdings in shares of 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 acquiring an additional 3,470 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Central Garden & Pet in the 2nd quarter valued at approximately $26,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Central Garden & Pet by 0.8% in 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 during the last quarter. 50.82% of the stock is owned by institutional investors and hedge funds.

About Central Garden & Pet

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.