Central Garden & Pet (NASDAQ:CENT) Price Target Cut to $45.00 by Analysts at Canaccord Genuity Group

Central Garden & Pet (NASDAQ:CENT) had its target price cut by Canaccord Genuity Group from $48.00 to $45.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Truist Financial reduced their price objective on Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $46.75.

Central Garden & Pet Stock Down 1.0 %

CENT stock opened at $39.75 on Tuesday. The company has a current ratio of 3.66, a quick ratio of 2.16 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average of $35.90 and a two-hundred day moving average of $38.61. Central Garden & Pet has a 12 month low of $31.31 and a 12 month high of $47.48. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 24.47 and a beta of 0.75.

Institutional Trading of Central Garden & Pet

Several institutional investors have recently added to or reduced their stakes in CENT. DekaBank Deutsche Girozentrale purchased a new position in shares of Central Garden & Pet during the second quarter worth $51,000. Glenmede Trust Co. NA increased its stake in Central Garden & Pet by 23.2% during the third quarter. Glenmede Trust Co. NA now owns 2,101 shares of the company’s stock worth $77,000 after purchasing an additional 395 shares during the period. Point72 Asset Management L.P. purchased a new stake in Central Garden & Pet during the second quarter worth about $113,000. SG Americas Securities LLC acquired a new stake in shares of Central Garden & Pet during the third quarter worth about $111,000. Finally, Franklin Resources Inc. boosted its stake in shares of Central Garden & Pet by 29.0% in the third quarter. Franklin Resources Inc. now owns 4,521 shares of the company’s stock valued at $157,000 after purchasing an additional 1,016 shares during the period. Institutional investors and hedge funds own 16.13% of the company’s stock.

Central Garden & Pet Company Profile

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 containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.