JPMorgan Chase & Co. Issues Pessimistic Forecast for Central Garden & Pet (NASDAQ:CENTA) Stock Price

Central Garden & Pet (NASDAQ:CENTA) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $32.00 to $31.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 1.01% from the company’s current price.

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

Central Garden & Pet Trading Down 0.4 %

Shares of CENTA stock opened at $30.69 on Thursday. The firm has a market capitalization of $2.01 billion, a P/E 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. 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 stock’s fifty day simple moving average is $32.96 and its 200 day simple moving average is $32.44.

Hedge Funds Weigh In On Central Garden & Pet

Several institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in shares of Central Garden & Pet in the second quarter worth $93,000. Quest Partners LLC bought a new position in shares of Central Garden & Pet during the second quarter valued at about $37,000. Texas Permanent School Fund Corp grew its stake in shares of Central Garden & Pet by 7.3% in the second quarter. Texas Permanent School Fund Corp now owns 50,729 shares of the company’s stock worth $1,676,000 after purchasing an additional 3,470 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Central Garden & Pet in the second quarter worth about $26,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Central Garden & Pet by 0.8% in the second 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 last quarter. 50.82% of the stock is owned by institutional investors.

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.