Investment analysts at JPMorgan Chase & Co. initiated coverage on shares of Central Garden & Pet (NASDAQ:CENT) in a report issued on Tuesday, The Fly reports. The brokerage set a “neutral” rating and a $37.00 price target on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 3.29% from the company’s previous close.

A number of other brokerages also recently issued reports on CENT. BidaskClub downgraded shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. Zacks Investment Research downgraded shares of Central Garden & Pet from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 7th. BMO Capital Markets assumed coverage on shares of Central Garden & Pet in a report on Monday, August 13th. They issued a “buy” rating and a $45.00 price target for the company. ValuEngine downgraded shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, Bank of America assumed coverage on shares of Central Garden & Pet in a report on Monday, September 10th. They issued a “buy” rating and a $44.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Central Garden & Pet presently has an average rating of “Hold” and a consensus target price of $44.57.

Shares of CENT stock traded down $0.02 during mid-day trading on Tuesday, hitting $38.26. The stock had a trading volume of 3,122 shares, compared to its average volume of 78,269. Central Garden & Pet has a fifty-two week low of $34.81 and a fifty-two week high of $45.02. The stock has a market capitalization of $2.05 billion, a PE ratio of 25.51 and a beta of -0.15. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.57 and a current ratio of 4.42.

Central Garden & Pet (NASDAQ:CENT) last released its earnings results on Wednesday, August 1st. The company reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.01). Central Garden & Pet had a return on equity of 14.69% and a net margin of 5.32%. The firm had revenue of $657.90 million during the quarter, compared to analyst estimates of $607.34 million. During the same quarter last year, the business posted $0.62 EPS. The firm’s revenue was up 14.5% on a year-over-year basis. equities analysts forecast that Central Garden & Pet will post 1.9 earnings per share for the current fiscal year.

In other 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 value of $71,765.10. Following the completion of the transaction, the director now owns 40,851 shares in the company, valued at approximately $1,482,891.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.60% of the company’s stock.

Large investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new position in Central Garden & Pet during the 2nd quarter valued at about $105,000. SG Americas Securities LLC purchased a new position in Central Garden & Pet during the 2nd quarter valued at about $115,000. Louisiana State Employees Retirement System purchased a new position in Central Garden & Pet during the 2nd quarter valued at about $200,000. Stifel Financial Corp purchased a new position in Central Garden & Pet during the 1st quarter valued at about $213,000. Finally, Victory Capital Management Inc. purchased a new position in Central Garden & Pet during the 1st quarter valued at about $255,000. Hedge funds and other institutional investors own 23.49% of the company’s stock.

About Central Garden & Pet

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.

Recommended Story: Tariff

The Fly

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

Receive News & Ratings for Central Garden & Pet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet and related companies with MarketBeat.com's FREE daily email newsletter.