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

Central Garden & Pet (NASDAQ:CENTA) had its price objective reduced by equities researchers at JPMorgan Chase & Co. from $32.00 to $31.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 1.01% from the stock’s current price.

A number of other analysts have also recently issued reports on CENTA. Argus cut Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. StockNews.com cut Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.00.

Central Garden & Pet Stock Down 0.4 %

CENTA stock opened at $30.69 on Thursday. The company has a quick ratio of 2.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $32.96 and a two-hundred day moving average price of $32.44. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 18.97 and a beta of 0.76. Central Garden & Pet has a twelve month low of $27.70 and a twelve month high of $41.03.

Hedge Funds Weigh In On Central Garden & Pet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in 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 in the last quarter. Victory Capital Management Inc. increased its stake in shares of Central Garden & Pet by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,942,422 shares of the company’s stock valued at $92,392,000 after purchasing an additional 36,251 shares during the last quarter. State Street Corp increased its stake in shares of Central Garden & Pet by 3.3% in the 3rd quarter. State Street Corp now owns 2,175,277 shares of the company’s stock valued at $68,304,000 after purchasing an additional 68,689 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Central Garden & Pet by 1.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,100,751 shares of the company’s stock valued at $65,964,000 after purchasing an additional 38,077 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Central Garden & Pet by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 773,023 shares of the company’s stock valued at $24,273,000 after purchasing an additional 41,241 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.