BidaskClub cut shares of Central Garden & Pet (NASDAQ:CENT) from a buy rating to a hold rating in a research note issued to investors on Tuesday, BidAskClub reports.

CENT has been the topic of several other research reports. Zacks Investment Research lowered shares of Central Garden & Pet from a hold rating to a sell rating and set a $31.00 price target on the stock. in a research report on Monday, October 28th. ValuEngine upgraded shares of Central Garden & Pet from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Finally, SunTrust Banks lowered shares of Central Garden & Pet from a buy rating to a hold rating and set a $30.00 price target on the stock. in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $32.33.

Shares of CENT stock traded up $0.02 on Tuesday, reaching $31.84. The stock had a trading volume of 71,400 shares, compared to its average volume of 73,103. The firm’s 50-day moving average is $29.67 and its two-hundred day moving average is $28.02. Central Garden & Pet has a 12 month low of $22.40 and a 12 month high of $40.59. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 16.67 and a beta of -0.08. The company has a quick ratio of 3.17, a current ratio of 4.84 and a debt-to-equity ratio of 0.67.

Several hedge funds and other institutional investors have recently bought and sold shares of CENT. 6 Meridian boosted its position in shares of Central Garden & Pet by 4.5% during the 2nd quarter. 6 Meridian now owns 18,886 shares of the company’s stock worth $509,000 after acquiring an additional 809 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of Central Garden & Pet by 8.9% during the 2nd quarter. North Star Investment Management Corp. now owns 78,475 shares of the company’s stock worth $2,115,000 after acquiring an additional 6,425 shares in the last quarter. Huntington National Bank boosted its position in shares of Central Garden & Pet by 27.9% during the 2nd quarter. Huntington National Bank now owns 1,973 shares of the company’s stock worth $53,000 after acquiring an additional 430 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of Central Garden & Pet during the 2nd quarter worth approximately $660,000. Finally, SG Americas Securities LLC boosted its position in shares of Central Garden & Pet by 16.2% during the 2nd quarter. SG Americas Securities LLC now owns 4,870 shares of the company’s stock worth $131,000 after acquiring an additional 678 shares in the last quarter. Institutional investors and hedge funds own 22.69% 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, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.

Further Reading: Convertible Shares

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