Central Garden & Pet (NASDAQ:CENTA) Given New $37.00 Price Target at JPMorgan Chase & Co.

Central Garden & Pet (NASDAQ:CENTA) had its target price upped by JPMorgan Chase & Co. from $32.00 to $37.00 in a report released on Thursday,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other equities analysts also recently issued reports on the stock. Zacks Research downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Central Garden & Pet in a report on Tuesday, July 7th. Canaccord Genuity Group cut their price objective on shares of Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Finally, Wall Street Zen raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Central Garden & Pet has an average rating of “Moderate Buy” and a consensus price target of $46.67.

Central Garden & Pet Stock Up 3.3%

Shares of Central Garden & Pet stock opened at $39.00 on Thursday. The company has a current ratio of 3.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.72. The business’s 50 day simple moving average is $36.38 and its 200-day simple moving average is $33.67. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 14.18 and a beta of 0.57. Central Garden & Pet has a twelve month low of $25.97 and a twelve month high of $39.99.

Central Garden & Pet (NASDAQ:CENTA) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.21. The business had revenue of $906.15 million during the quarter, compared to analyst estimates of $846.58 million. Central Garden & Pet had a return on equity of 11.55% and a net margin of 5.42%.Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. Equities research analysts forecast that Central Garden & Pet will post 2.89 earnings per share for the current year.

Institutional Trading of Central Garden & Pet

A number of hedge funds and other institutional investors have recently made changes to their positions in CENTA. Illinois Municipal Retirement Fund boosted its holdings in shares of Central Garden & Pet by 1.4% in the first quarter. Illinois Municipal Retirement Fund now owns 33,050 shares of the company’s stock valued at $1,071,000 after acquiring an additional 443 shares in the last quarter. GAMMA Investing LLC raised its holdings in Central Garden & Pet by 22.6% during the second quarter. GAMMA Investing LLC now owns 3,295 shares of the company’s stock worth $128,000 after purchasing an additional 608 shares in the last quarter. Aristides Capital LLC raised its holdings in Central Garden & Pet by 8.0% during the third quarter. Aristides Capital LLC now owns 8,436 shares of the company’s stock worth $249,000 after purchasing an additional 623 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Central Garden & Pet by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,421 shares of the company’s stock worth $996,000 after purchasing an additional 743 shares during the period. Finally, IFP Advisors Inc lifted its position in Central Garden & Pet by 198.4% in the fourth quarter. IFP Advisors Inc now owns 1,131 shares of the company’s stock worth $33,000 after purchasing an additional 752 shares during the period. 50.82% of the stock is currently owned by institutional investors.

About Central Garden & Pet

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.