Central Garden & Pet (NASDAQ:CENTA) Given New $31.00 Price Target at JPMorgan Chase & Co.

Central Garden & Pet (NASDAQ:CENTA) had its price objective decreased by JPMorgan Chase & Co. from $32.00 to $31.00 in a research note released on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the company. Argus downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Central Garden & Pet currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Central Garden & Pet Stock Performance

Central Garden & Pet stock opened at $30.82 on Thursday. Central Garden & Pet has a 1 year low of $27.70 and a 1 year high of $41.03. The company’s 50-day moving average is $32.98 and its two-hundred day moving average is $32.46. 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 company has a market cap of $2.02 billion, a PE ratio of 19.05 and a beta of 0.76.

Institutional Trading of Central Garden & Pet

Several hedge funds and other institutional investors have recently modified their holdings of CENTA. Harbor Capital Advisors Inc. grew its position in Central Garden & Pet by 36.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 19,907 shares of the company’s stock valued at $658,000 after purchasing an additional 5,269 shares in the last quarter. Nordea Investment Management AB grew its stake in Central Garden & Pet by 4.5% in the fourth quarter. Nordea Investment Management AB now owns 154,071 shares of the company’s stock valued at $5,113,000 after purchasing an additional 6,600 shares in the last quarter. Barclays PLC increased its position in shares of 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 last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Central Garden & Pet by 18.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 50,425 shares of the company’s stock worth $1,583,000 after purchasing an additional 7,810 shares in the last quarter. Finally, State Street Corp boosted its holdings 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 buying an additional 68,689 shares during the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.

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.