Central Garden & Pet (NASDAQ:CENTA) Price Target Lowered to $48.00 at KeyCorp

Central Garden & Pet (NASDAQ:CENTAGet Rating) had its price objective decreased by KeyCorp from $52.00 to $48.00 in a report published on Tuesday, MarketBeat.com reports. KeyCorp currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. CJS Securities began coverage on shares of Central Garden & Pet in a research report on Thursday, August 25th. They issued an outperform rating and a $50.00 price target on the stock. Truist Financial dropped their price target on shares of 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. StockNews.com cut shares of Central Garden & Pet from a buy rating to a hold rating in a research report on Wednesday, October 19th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Central Garden & Pet from $45.00 to $37.00 and set a neutral rating on the stock in a research report on Thursday, October 13th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $49.50.

Central Garden & Pet Price Performance

Shares of NASDAQ CENTA opened at $38.24 on Tuesday. Central Garden & Pet has a fifty-two week low of $33.69 and a fifty-two week high of $49.83. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 13.86 and a beta of 0.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.45 and a current ratio of 3.16. The firm’s 50-day simple moving average is $37.25 and its 200 day simple moving average is $39.31.

Insider Buying and Selling at Central Garden & Pet

In other Central Garden & Pet news, insider John D. Walker III sold 5,000 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $40.56, for a total value of $202,800.00. Following the completion of the sale, the insider now owns 88,116 shares in the company, valued at approximately $3,573,984.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 20.28% of the company’s stock.

Institutional Investors Weigh In On Central Garden & Pet

Several large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC bought a new position in Central Garden & Pet in the 2nd quarter valued at $27,000. Rockefeller Capital Management L.P. increased its position in shares of Central Garden & Pet by 160.1% during the third 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 position in shares of Central Garden & Pet during the third quarter valued at about $31,000. Point72 Hong Kong Ltd purchased a new position in shares of Central Garden & Pet during the second quarter valued at about $42,000. Finally, Money Concepts Capital Corp purchased a new position in shares of Central Garden & Pet during the third quarter valued at about $135,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

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.

Further Reading

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