Fmr LLC Increases Stock Holdings in Central Garden & Pet (NASDAQ:CENTA)

FMR LLC increased its position in shares of Central Garden & Pet (NASDAQ:CENTA - Free Report) by 33.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,388 shares of the company's stock after buying an additional 19,306 shares during the period. FMR LLC owned about 0.11% of Central Garden & Pet worth $2,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CENTA. Quarry LP raised 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 acquiring an additional 629 shares in the last quarter. Federated Hermes Inc. acquired a new position in shares of Central Garden & Pet during the second quarter worth $26,000. Quest Partners LLC acquired a new position in shares of Central Garden & Pet during the second quarter worth $37,000. CWM LLC lifted its holdings in shares of Central Garden & Pet by 3,558.1% during 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Central Garden & Pet in the 2nd quarter worth $61,000. 50.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on CENTA shares. StockNews.com downgraded Central Garden & Pet from a "buy" rating to a "hold" rating in a research report on Wednesday, October 16th. 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 report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Central Garden & Pet currently has an average rating of "Buy" and a consensus target price of $41.33.

Central Garden & Pet Price Performance

NASDAQ:CENTA traded up $0.73 during trading hours on Friday, reaching $34.72. 197,174 shares of the company were exchanged, compared to its average volume of 280,205. 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 firm has a market cap of $2.28 billion, a PE ratio of 21.43 and a beta of 0.78. Central Garden & Pet has a twelve month low of $27.70 and a twelve month high of $41.03. The stock's 50-day moving average is $31.58 and its 200-day moving average is $32.76.

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.