Central Garden & Pet (NASDAQ:CENTA) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Central Garden & Pet (NASDAQ:CENTA - Free Report) by 12.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,814 shares of the company's stock after selling 30,056 shares during the quarter. JPMorgan Chase & Co. owned 0.32% of Central Garden & Pet worth $6,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Barclays PLC raised its holdings in Central Garden & Pet by 161.7% during the third quarter. Barclays PLC now owns 122,530 shares of the company's stock worth $3,849,000 after purchasing an additional 75,718 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Central Garden & Pet by 18.3% in the third quarter. Public Employees Retirement System of Ohio now owns 50,425 shares of the company's stock valued at $1,583,000 after buying an additional 7,810 shares in the last quarter. State Street Corp raised its stake in shares of Central Garden & Pet by 3.3% during the 3rd quarter. State Street Corp now owns 2,175,277 shares of the company's stock worth $68,304,000 after buying an additional 68,689 shares during the last quarter. Point72 DIFC Ltd boosted its position in shares of Central Garden & Pet by 32.0% in the 3rd quarter. Point72 DIFC Ltd now owns 6,154 shares of the company's stock worth $193,000 after buying an additional 1,492 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in Central Garden & Pet by 414.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,439 shares of the company's stock valued at $296,000 after acquiring an additional 7,606 shares during the last quarter. Institutional investors and hedge funds own 50.82% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Central Garden & Pet from a "buy" rating to a "hold" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their target price on shares of Central Garden & Pet from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Argus downgraded shares of 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $41.00.

Central Garden & Pet Trading Up 1.1 %

Shares of NASDAQ CENTA traded up $0.33 on Thursday, reaching $30.82. 212,982 shares of the company traded hands, compared to its average volume of 277,958. The stock has a market capitalization of $2.02 billion, a PE ratio of 19.05 and a beta of 0.76. 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 current ratio of 3.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average of $33.00 and a 200 day moving average of $32.47.

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.