Central Garden & Pet (CENT) Stock Rating Lowered by BidaskClub

Central Garden & Pet (NASDAQ:CENT) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

A number of other equities analysts have also commented on CENT. ValuEngine lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Zacks Investment Research lowered shares of Central Garden & Pet from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 7th. BMO Capital Markets initiated coverage on shares of Central Garden & Pet in a research report on Monday, August 13th. They set a “buy” rating and a $45.00 price target on the stock. Bank of America initiated coverage on shares of Central Garden & Pet in a research report on Monday, September 10th. They set a “buy” rating and a $44.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Central Garden & Pet in a research report on Tuesday, September 25th. They set a “neutral” rating and a $37.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Central Garden & Pet has an average rating of “Hold” and an average target price of $44.57.

NASDAQ:CENT opened at $31.51 on Friday. Central Garden & Pet has a 52 week low of $30.71 and a 52 week high of $45.02. The stock has a market cap of $1.69 billion, a P/E ratio of 21.01 and a beta of 0.03. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.57 and a current ratio of 4.42.

In other Central Garden & Pet news, Director Brooks Pennington III sold 1,977 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $36.30, for a total transaction of $71,765.10. Following the sale, the director now directly owns 40,851 shares in the company, valued at $1,482,891.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CENT. Piedmont Investment Advisors LLC acquired a new stake in Central Garden & Pet during the second quarter worth about $105,000. SG Americas Securities LLC acquired a new stake in Central Garden & Pet during the second quarter worth about $115,000. Louisiana State Employees Retirement System acquired a new stake in Central Garden & Pet during the second quarter worth about $200,000. American Century Companies Inc. acquired a new stake in Central Garden & Pet during the second quarter worth about $267,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Central Garden & Pet during the second quarter worth about $312,000. Hedge funds and other institutional investors own 23.21% of the company’s stock.

Central Garden & Pet Company Profile

Central Garden & Pet Company, together with its subsidiaries, produces and distributes 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 supplies products for dogs and cats comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.

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Analyst Recommendations for Central Garden & Pet (NASDAQ:CENT)

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