OP Asset Management Ltd acquired a new stake in shares of Central Garden & Pet Company (NASDAQ:CENTA – Free Report) in the first quarter, HoldingsChannel.com reports. The firm acquired 40,853 shares of the company’s stock, valued at approximately $1,324,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Central Garden & Pet by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,804,612 shares of the company’s stock worth $169,437,000 after purchasing an additional 20,819 shares in the last quarter. Victory Capital Management Inc. boosted its position in Central Garden & Pet by 5.5% in the third quarter. Victory Capital Management Inc. now owns 2,217,545 shares of the company’s stock valued at $65,484,000 after buying an additional 115,706 shares in the last quarter. State Street Corp grew its stake in Central Garden & Pet by 3.5% during the second quarter. State Street Corp now owns 2,174,296 shares of the company’s stock worth $68,034,000 after buying an additional 73,755 shares during the last quarter. LSV Asset Management increased its holdings in shares of Central Garden & Pet by 53.4% during the fourth quarter. LSV Asset Management now owns 2,123,479 shares of the company’s stock worth $61,984,000 after buying an additional 738,860 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Central Garden & Pet by 2.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,924,354 shares of the company’s stock worth $55,729,000 after buying an additional 54,930 shares in the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.
Central Garden & Pet Stock Down 1.0%
Shares of NASDAQ:CENTA opened at $38.94 on Tuesday. The company has a quick ratio of 2.16, a current ratio of 3.45 and a debt-to-equity ratio of 0.72. The firm has a market cap of $2.44 billion, a P/E ratio of 14.16 and a beta of 0.59. Central Garden & Pet Company has a 12 month low of $25.97 and a 12 month high of $39.95. The company’s 50-day moving average price is $35.39 and its two-hundred day moving average price is $32.94.
Analyst Ratings Changes
A number of research analysts have recently issued reports on CENTA shares. Canaccord Genuity Group cut their target price on shares of Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, June 17th. JPMorgan Chase & Co. dropped their price target on Central Garden & Pet from $33.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, April 17th. Zacks Research upgraded Central Garden & Pet from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Finally, Wall Street Zen raised Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.00.
View Our Latest Stock Analysis on Central Garden & Pet
Central Garden & Pet Company Profile
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.
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