KeyCorp Lowers Central Garden & Pet (NASDAQ:CENTA) Price Target to $48.00

Central Garden & Pet (NASDAQ:CENTAGet Rating) had its price objective decreased by KeyCorp from $52.00 to $48.00 in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. KeyCorp currently has an overweight rating on the stock. KeyCorp also issued estimates for Central Garden & Pet’s Q1 2023 earnings at ($0.16) EPS, Q2 2023 earnings at $1.25 EPS, Q3 2023 earnings at $1.46 EPS, Q4 2023 earnings at $0.06 EPS, FY2023 earnings at $2.62 EPS and FY2024 earnings at $2.85 EPS.

A number of other research analysts have also recently weighed in on CENTA. JPMorgan Chase & Co. lowered their price objective on Central Garden & Pet from $45.00 to $37.00 and set a neutral rating on the stock in a research report on Thursday, October 13th. Truist Financial lowered their price objective on Central Garden & Pet from $65.00 to $60.00 and set a buy rating on the stock in a research report on Monday, August 8th. CJS Securities began coverage on Central Garden & Pet in a research report on Thursday, August 25th. They set an outperform rating and a $50.00 price objective on the stock. Finally, StockNews.com downgraded Central Garden & Pet from a buy rating to a hold rating in a research note on Wednesday, October 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $49.50.

Central Garden & Pet Stock Down 0.6 %

CENTA stock opened at $38.01 on Tuesday. Central Garden & Pet has a twelve month low of $33.69 and a twelve month high of $48.67. The company has a quick ratio of 1.45, a current ratio of 3.34 and a debt-to-equity ratio of 0.89. The stock has a market cap of $2.07 billion, a P/E ratio of 13.67 and a beta of 0.64. The business’s 50-day moving average price is $37.36 and its 200-day moving average price is $39.29.

Institutional Trading of Central Garden & Pet

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its stake in Central Garden & Pet by 151.9% in the 1st quarter. SG Americas Securities LLC now owns 7,241 shares of the company’s stock worth $295,000 after acquiring an additional 4,366 shares during the last quarter. Victory Capital Management Inc. increased its stake in Central Garden & Pet by 3,349.5% in the 1st quarter. Victory Capital Management Inc. now owns 866,660 shares of the company’s stock worth $35,360,000 after acquiring an additional 841,536 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in Central Garden & Pet by 20.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,076 shares of the company’s stock worth $1,092,000 after acquiring an additional 350 shares during the last quarter. New York State Common Retirement Fund increased its stake in Central Garden & Pet by 36.5% in the 1st quarter. New York State Common Retirement Fund now owns 54,229 shares of the company’s stock worth $2,211,000 after acquiring an additional 14,488 shares during the last quarter. Finally, KBC Group NV bought a new stake in Central Garden & Pet in the 1st quarter worth approximately $145,000. Institutional investors own 70.70% of the company’s stock.

About Central Garden & Pet

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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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