Shares of Central Garden & Pet (NASDAQ:CENTA – Get Rating) gapped up prior to trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $37.00 to $40.00. The stock had previously closed at $41.94, but opened at $44.32. JPMorgan Chase & Co. currently has a neutral rating on the stock. Central Garden & Pet shares last traded at $39.37, with a volume of 907 shares trading hands.
Other research analysts also recently issued research reports about the stock. Truist Financial decreased their price target on shares of Central Garden & Pet from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, August 8th. StockNews.com downgraded shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 19th. KeyCorp reduced their price objective on shares of Central Garden & Pet from $52.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, CJS Securities started coverage on shares of Central Garden & Pet in a research report on Thursday, August 25th. They set an “outperform” rating and a $50.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.50.
Insider Transactions at Central Garden & Pet
In other news, insider John D. Walker III sold 5,000 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $40.56, for a total transaction of $202,800.00. Following the transaction, the insider now directly owns 88,116 shares of the company’s stock, valued at approximately $3,573,984.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 20.28% of the company’s stock.
Institutional Investors Weigh In On Central Garden & Pet
Central Garden & Pet Stock Performance
The company has a market capitalization of $2.08 billion, a PE 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 stock’s fifty day simple moving average is $37.25 and its 200-day simple moving average is $39.31.
About Central Garden & Pet
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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