Point72 Hong Kong Ltd Invests $194,000 in Central Garden & Pet (NASDAQ:CENTA)

Point72 Hong Kong Ltd purchased a new stake in Central Garden & Pet (NASDAQ:CENTA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,184 shares of the company’s stock, valued at approximately $194,000.

Other large investors have also recently bought and sold shares of the company. Quarry LP grew its stake in Central Garden & Pet by 503.2% during the second quarter. Quarry LP now owns 754 shares of the company’s stock worth $25,000 after buying an additional 629 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of Central Garden & Pet in the 2nd quarter worth approximately $26,000. CWM LLC grew its position in Central Garden & Pet by 3,558.1% during the 2nd quarter. CWM LLC now owns 1,134 shares of the company’s stock worth $37,000 after acquiring an additional 1,103 shares during the last quarter. Quest Partners LLC acquired a new stake in Central Garden & Pet during the 2nd quarter valued at $37,000. Finally, Public Employees Retirement Association of Colorado raised its position in Central Garden & Pet by 37.4% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,650 shares of the company’s stock valued at $61,000 after purchasing an additional 449 shares during the last quarter. 50.82% of the stock is currently owned by institutional investors.

Central Garden & Pet Trading Up 2.8 %

Shares of CENTA opened at $34.74 on Tuesday. The stock’s fifty day simple moving average is $30.88 and its 200-day simple moving average is $33.09. The firm has a market capitalization of $2.34 billion, a PE ratio of 21.47 and a beta of 0.73. Central Garden & Pet has a 12-month low of $27.70 and a 12-month high of $41.03. The company has a quick ratio of 2.16, a current ratio of 3.66 and a debt-to-equity ratio of 0.76.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. StockNews.com lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. dropped their target price on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $41.33.

Central Garden & Pet Profile

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 containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.