JPMorgan Chase & Co. Decreases Stock Holdings in Central Garden & Pet Company $CENTA

by · The Markets Daily

JPMorgan Chase & Co. reduced its position in Central Garden & Pet Company (NASDAQ:CENTA – Free Report) by 17.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 464,858 shares of the company’s stock after selling 100,618 shares during the period. JPMorgan Chase & Co. owned 0.71% of Central Garden & Pet worth $14,545,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in Central Garden & Pet by 11.2% in the second quarter. Nordea Investment Management AB now owns 173,511 shares of the company’s stock valued at $5,420,000 after acquiring an additional 17,508 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Central Garden & Pet by 5.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 879,769 shares of the company’s stock worth $28,795,000 after purchasing an additional 47,257 shares in the last quarter. Walleye Capital LLC purchased a new position in Central Garden & Pet during the 1st quarter worth $1,386,000. William Blair Investment Management LLC grew its stake in Central Garden & Pet by 8.2% during the 2nd quarter. William Blair Investment Management LLC now owns 831,433 shares of the company’s stock worth $26,016,000 after buying an additional 63,008 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Central Garden & Pet during the 1st quarter valued at about $974,000. Institutional investors own 50.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Central Garden & Pet from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 25th. Wall Street Zen downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings lowered shares of Central Garden & Pet from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 1st. Zacks Research downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 24th. Finally, KeyCorp reissued an “overweight” rating and set a $50.00 price objective on shares of Central Garden & Pet in a report on Tuesday, November 25th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Central Garden & Pet presently has a consensus rating of “Hold” and an average target price of $41.50.

Read Our Latest Report on Central Garden & Pet

Central Garden & Pet Stock Performance

Shares of NASDAQ CENTA opened at $30.44 on Friday. The company has a 50 day simple moving average of $28.66 and a two-hundred day simple moving average of $31.32. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 11.94 and a beta of 0.63. The company has a current ratio of 3.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.75. Central Garden & Pet Company has a 12 month low of $25.97 and a 12 month high of $37.35.

Central Garden & Pet (NASDAQ:CENTA – Get Free Report) last issued its earnings results on Monday, November 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.11. The firm had revenue of $678.00 million during the quarter, compared to analysts’ expectations of $657.86 million. Central Garden & Pet had a net margin of 5.20% and a return on equity of 11.17%. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. As a group, analysts predict that Central Garden & Pet Company will post 2.38 earnings per share for the current year.

Central Garden & Pet Profile

(Free Report)

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on 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, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish, and small animals, as well as outdoor cushions.

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