Central Garden & Pet (NASDAQ:CENT) Shares Gap Down to $44.57

Central Garden & Pet (NASDAQ:CENTGet Rating)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $44.57, but opened at $42.00. Central Garden & Pet shares last traded at $42.06, with a volume of 11 shares changing hands.

Analysts Set New Price Targets

Separately, CJS Securities assumed coverage on shares of Central Garden & Pet in a research report on Thursday, August 25th. They set a “market outperform” rating and a $50.00 price objective for the company.

Central Garden & Pet Price Performance

The company’s 50-day moving average price is $39.37 and its 200-day moving average price is $41.73. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.16 and a quick ratio of 1.45. The company has a market cap of $2.18 billion, a P/E ratio of 14.40 and a beta of 0.63.

Institutional Investors Weigh In On Central Garden & Pet

Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors increased its position in shares of Central Garden & Pet by 41.4% during the first quarter. Captrust Financial Advisors now owns 959 shares of the company’s stock worth $42,000 after acquiring an additional 281 shares in the last quarter. US Bancorp DE increased its position in shares of Central Garden & Pet by 266.7% during the second quarter. US Bancorp DE now owns 1,144 shares of the company’s stock worth $49,000 after acquiring an additional 832 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Central Garden & Pet by 16.5% during the second quarter. Mutual of America Capital Management LLC now owns 1,637 shares of the company’s stock worth $69,000 after acquiring an additional 232 shares in the last quarter. Advisor Group Holdings Inc. grew its position in Central Garden & Pet by 43.5% in the first quarter. Advisor Group Holdings Inc. now owns 2,176 shares of the company’s stock valued at $96,000 after purchasing an additional 660 shares in the last quarter. Finally, KBC Group NV grew its position in Central Garden & Pet by 26.6% in the first quarter. KBC Group NV now owns 2,296 shares of the company’s stock valued at $101,000 after purchasing an additional 483 shares in the last quarter. Institutional investors own 18.08% of the company’s stock.

Central Garden & Pet Company Profile

(Get Rating)

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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