Central Garden & Pet (NASDAQ:CENTA) Receives $41.33 Consensus Target Price from Brokerages

Central Garden & Pet (NASDAQ:CENTA) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $41.00.

A number of analysts recently issued reports on CENTA shares. Argus cut Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. StockNews.com downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lowered 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 research report on Thursday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CENTA. Quarry LP grew its holdings in Central Garden & Pet by 503.2% during the second quarter. Quarry LP now owns 754 shares of the company’s stock worth $25,000 after acquiring an additional 629 shares during the period. Federated Hermes Inc. acquired a new position in shares of Central Garden & Pet during the 2nd quarter worth $26,000. Quest Partners LLC purchased a new position in shares of Central Garden & Pet in the 2nd quarter valued at about $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Central Garden & Pet in the second quarter valued at about $61,000. Finally, CWM LLC boosted its holdings in Central Garden & Pet by 72.6% during the third quarter. CWM LLC now owns 1,957 shares of the company’s stock worth $61,000 after buying an additional 823 shares in the last quarter. 50.82% of the stock is currently owned by institutional investors and hedge funds.

Central Garden & Pet Price Performance

Shares of CENTA opened at $30.82 on Tuesday. The firm has a fifty day moving average price of $33.00 and a 200 day moving average price of $32.47. The stock has a market cap of $2.02 billion, a PE ratio of 19.05 and a beta of 0.76. Central Garden & Pet has a 1-year low of $27.70 and a 1-year high of $41.03. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.66 and a quick ratio of 2.19.

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.