Central Garden & Pet (NASDAQ:CENTA) Downgraded to “C+” at TheStreet

TheStreet cut shares of Central Garden & Pet (NASDAQ:CENTAGet Rating) from a b rating to a c+ rating in a research report report published on Monday, TheStreetRatingsTable reports.

A number of other brokerages have also recently weighed in on CENTA. StockNews.com cut Central Garden & Pet from a buy rating to a hold rating in a research note on Wednesday, October 19th. Truist Financial dropped their price target on Central Garden & Pet from $65.00 to $60.00 and set a buy rating on the stock in a research report on Monday, August 8th. KeyCorp lowered their price objective on Central Garden & Pet from $52.00 to $48.00 and set an overweight rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on Central Garden & Pet from $37.00 to $40.00 and gave the company a neutral rating in a research report on Tuesday. Finally, CJS Securities initiated coverage on Central Garden & Pet in a research note on Thursday, August 25th. They set an outperform rating and a $50.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $49.50.

Central Garden & Pet Stock Performance

CENTA stock opened at $38.01 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.45 and a current ratio of 3.34. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 13.67 and a beta of 0.64. Central Garden & Pet has a 1 year low of $33.69 and a 1 year high of $48.67. The stock’s fifty day moving average is $37.36 and its two-hundred day moving average is $39.29.

Hedge Funds Weigh In On Central Garden & Pet

Several large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC purchased a new position in shares of Central Garden & Pet during the 2nd quarter valued at $27,000. Rockefeller Capital Management L.P. boosted its position in Central Garden & Pet by 160.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 840 shares of the company’s stock valued at $28,000 after buying an additional 517 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in shares of Central Garden & Pet in the 3rd quarter worth approximately $31,000. Point72 Hong Kong Ltd purchased a new stake in shares of Central Garden & Pet in the 2nd quarter worth approximately $42,000. Finally, Advisor Group Holdings Inc. lifted its position in shares of Central Garden & Pet by 20.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,076 shares of the company’s stock worth $1,092,000 after purchasing an additional 350 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

About Central Garden & Pet

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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 grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.

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