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

Central Garden & Pet (NASDAQ:CENTA) had its price target hoisted by analysts at JPMorgan Chase & Co. from $30.00 to $31.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 0.93% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Central Garden & Pet in a research note on Thursday, October 30th. Wall Street Zen downgraded Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research downgraded Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 24th. Canaccord Genuity Group raised their price objective on Central Garden & Pet from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, KeyCorp reissued an “overweight” rating and issued a $50.00 price target on shares of Central Garden & Pet in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.50.

Central Garden & Pet Trading Up 9.5%

NASDAQ CENTA traded up $2.70 on Tuesday, hitting $31.29. 132,710 shares of the company were exchanged, compared to its average volume of 365,650. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.56 and a quick ratio of 2.28. Central Garden & Pet has a twelve month low of $25.97 and a twelve month high of $37.35. The firm has a market capitalization of $1.97 billion, a P/E ratio of 14.16 and a beta of 0.63. The company’s 50 day moving average price is $28.73 and its 200-day moving average price is $31.38.

Central Garden & Pet (NASDAQ:CENTA) last released its earnings results on Monday, November 24th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.11. The business had revenue of $678.00 million for the quarter, compared to the consensus estimate of $657.86 million. Central Garden & Pet had a net margin of 4.44% and a return on equity of 10.77%. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. Analysts predict that Central Garden & Pet will post 2.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Central Garden & Pet

Several large investors have recently made changes to their positions in CENTA. Federated Hermes Inc. increased its holdings in Central Garden & Pet by 164.0% in the third quarter. Federated Hermes Inc. now owns 858 shares of the company’s stock worth $25,000 after buying an additional 533 shares during the last quarter. Advisory Services Network LLC bought a new stake in Central Garden & Pet in the third quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its position in Central Garden & Pet by 444.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock worth $31,000 after acquiring an additional 817 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Central Garden & Pet by 152.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,215 shares of the company’s stock worth $38,000 after purchasing an additional 733 shares during the last quarter. Finally, EMC Capital Management bought a new position in shares of Central Garden & Pet during the 2nd quarter valued at $87,000. Institutional investors own 50.82% of the company’s stock.

About Central Garden & Pet

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on 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, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish, and small animals, as well as outdoor cushions.