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

Central Garden & Pet (NASDAQ:CENTA) had its target price reduced by stock analysts at JPMorgan Chase & Co. from $32.00 to $31.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 1.67% from the stock’s current price.

CENTA has been the subject of a number of other research reports. Argus downgraded 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 report on Wednesday, October 16th. Three 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 stock. Based on data from MarketBeat.com, Central Garden & Pet has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Central Garden & Pet Stock Up 0.2 %

CENTA stock opened at $30.49 on Thursday. The company has a 50 day moving average price of $33.00 and a two-hundred day moving average price of $32.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.19 and a current ratio of 3.66. The stock has a market capitalization of $2.00 billion, a P/E ratio of 18.84 and a beta of 0.76. Central Garden & Pet has a one year low of $27.70 and a one year high of $41.03.

Institutional Investors Weigh In On Central Garden & Pet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its stake in Central Garden & Pet by 33.8% during the third quarter. FMR LLC now owns 76,388 shares of the company’s stock worth $2,399,000 after buying an additional 19,306 shares during the period. Barclays PLC boosted its position in Central Garden & Pet by 161.7% during the 3rd 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 period. Dimensional Fund Advisors LP boosted its position in Central Garden & Pet by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,653,753 shares of the company’s stock worth $120,682,000 after purchasing an additional 29,780 shares during the period. Hsbc Holdings PLC increased its holdings in Central Garden & Pet by 215.8% in the 2nd quarter. Hsbc Holdings PLC now owns 24,539 shares of the company’s stock valued at $803,000 after purchasing an additional 16,768 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Central Garden & Pet by 1.8% in the third 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 period. 50.82% of the stock is currently 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.