Analysts Set Central Garden & Pet (NASDAQ:CENTA) Price Target at $41.33

Central Garden & Pet (NASDAQ:CENTA) has received a consensus rating of “Buy” from the five analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $41.33.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. StockNews.com cut Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th.

Institutional Trading of Central Garden & Pet

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC raised its stake in shares of Central Garden & Pet by 3,558.1% during the second quarter. CWM LLC now owns 1,134 shares of the company’s stock valued at $37,000 after acquiring an additional 1,103 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Central Garden & Pet by 16.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,511 shares of the company’s stock valued at $83,000 after purchasing an additional 355 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Central Garden & Pet by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 27,300 shares of the company’s stock worth $902,000 after buying an additional 600 shares during the period. Bank of New York Mellon Corp grew its position in shares of Central Garden & Pet by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 482,252 shares of the company’s stock worth $15,929,000 after buying an additional 1,519 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Central Garden & Pet in the 2nd quarter worth approximately $85,000. Institutional investors own 50.82% of the company’s stock.

Central Garden & Pet Stock Performance

NASDAQ CENTA opened at $33.82 on Friday. The company’s 50 day moving average is $32.20 and its 200-day moving average is $32.72. The firm has a market cap of $2.22 billion, a P/E ratio of 20.90 and a beta of 0.78. Central Garden & Pet has a 12-month low of $27.70 and a 12-month high of $41.03. The company has a quick ratio of 2.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.76.

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.