Central Garden & Pet (NASDAQ:CENTA) Cut to Hold at Argus

Argus cut shares of Central Garden & Pet (NASDAQ:CENTA) from a buy rating to a hold rating in a research note published on Tuesday morning, MarketBeat Ratings reports.

Several other brokerages have also issued reports on CENTA. StockNews.com lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. decreased their target price on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned 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 a consensus target price of $41.33.

Central Garden & Pet Stock Up 0.6 %

NASDAQ:CENTA opened at $30.63 on Tuesday. Central Garden & Pet has a 1-year low of $27.70 and a 1-year high of $41.03. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 18.93 and a beta of 0.76. 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 business’s fifty day moving average price is $33.02 and its 200 day moving average price is $32.55.

Hedge Funds Weigh In On Central Garden & Pet

Hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB grew its position in Central Garden & Pet by 4.5% during the 4th quarter. Nordea Investment Management AB now owns 154,071 shares of the company’s stock worth $5,113,000 after acquiring an additional 6,600 shares during the last quarter. Barclays PLC lifted its stake in shares of Central Garden & Pet by 161.7% in the 3rd quarter. Barclays PLC now owns 122,530 shares of the company’s stock valued at $3,849,000 after purchasing an additional 75,718 shares during the period. Public Employees Retirement System of Ohio lifted its stake in 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 during the period. State Street Corp boosted its position in shares of Central Garden & Pet by 3.3% during the third quarter. State Street Corp now owns 2,175,277 shares of the company’s stock worth $68,304,000 after purchasing an additional 68,689 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its holdings in shares of Central Garden & Pet by 32.0% during the 3rd quarter. Point72 DIFC Ltd now owns 6,154 shares of the company’s stock valued at $193,000 after purchasing an additional 1,492 shares in the last quarter. 50.82% of the stock is owned by institutional investors and hedge funds.

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.