The number of short positions in the stock of Central Garden and Pet Company (NASDAQ: CENTA) increased significantly in November. As of November 30, there were 672,600 shares available for short sale. This number is up 7.7% from the previous day’s 624,800 shares available for short. As a result, his 1.7% of the company’s shares were sold short on the market. The current days-to-coverage ratio is 4.2 days. This can be deduced from the fact that the average daily trading volume is 158,800. This ratio measures the number of days it takes to sell all outstanding shares.
In related news, on December 1, insider John D. Walker III sold 3,400 shares of Central Gardens & Pets. This is his one of the latest developments related to this topic. The deal included the sale of shares at an average price of $38.73 per share, bringing the total sale price to $131,682.00. As a result of the transaction, the company insider now owns 88,272 shares of the company’s stock, giving him a market capitalization of $3,418,774.56. The Securities and Exchange Commission received legal documents regarding the transaction, which were provided to the SEC and uploaded to his website. SEC. Insiders currently own a total of 20.28% of the company’s shares.
NASDAQ: CENTA first became available for trading on Friday, opening at $34.83. The company currently has a market capitalization of $1.89 billion, a price/earnings ratio of 12.53, and a beta of 0.63. The debt-to-equity ratio is 0.89, the quick ratio is 1.32, the current ratio is 3.34, and the quick ratio is 1.32. The moving average price of the company over the last 50 days is $38.16 and the moving average price over the last 200 days is $38.84. Over the past 52 weeks, Central Garden & Pet price has fluctuated between a low of $33.69 and a high of $48.67.
Recent events have led institutional investors to adjust the percentage of ownership previously held in the company. Nisa Investment Advisors LLC established a new position in Central Garden & Pet by investing her $27,000 in the business in the second quarter of this year. Rockefeller Capital Management LP increased his stake in Central Gardens & Pets by 160.1% in the third quarter. After purchasing an additional 517 of his shares in the most recent quarter, Rockefeller Capital Management LP now owns 840 shares of the company. The proceeds from the sale of the 840 shares of the company are $28,000. During the third quarter, Wipfli Financial Advisors LLC spent approximately $31,000 to acquire additional shares in Central Garden & Pet. Point72 Hong Kong Ltd. invested approximately $42,000 in the second quarter of the fiscal year to acquire new shares in Central Garden & Pet. Finally, Money Concepts Capital Corporation donated $135,000 to Central Garden & Pet for its third quarter investment. The majority of the company’s shares are held by institutional investors, accounting for 70.70% of the total.
As a result of recent events, several analysts have started paying attention to the CENTA stock. On October 19th, it was announced that StockNews.com changed its recommendation for Central Gardens & Pets from a “Buy” rating to a “Pending” rating. JPMorgan Chase & Co. has raised its price target on Central Garden & Pet to $40.00 from $37.00, giving it a Neutral rating in a research report issued on Tuesday, November 22nd. The report was about the company’s stock. TheStreet has downgraded Central Garden & Pet’s rating from ‘b’ to ‘c+’ due to a research study published on November 21st. has lowered its target price for Central Garden & Pet from $52.00 to $48,000. So far, the price target has been set at $52 and we have started to look at CENTA stock. On October 19th, it was announced that StockNews.com changed its recommendation for Central Gardens & Pets from a “Buy” rating to a “Pending” rating. JPMorgan Chase & Co. raised its price target on Central Garden & Pet from $37.00 to $40.00, giving it a “neutral” rating in a research report issued on Tuesday, November 22nd. The report was about the company’s stock. TheStreet has downgraded Central Garden & Pet’s rating from ‘b’ to ‘c+’ due to a research study published on November 21st. has lowered its target price for Central Garden & Pet from $52.00 to $48,000. Previously, the price target was set at $52.
Finally, on Thursday, August 25, CJS Securities began covering Central Gardens & Pets by issuing a research note on the company. They assigned the stock an “Outperform” rating and predicted it would trade in the $45.00 to $50.00 range. analysts assigned a Hold rating. According to Bloomberg.com, the most common recommendation for the company’s stock is “moderate buy”. The current firm consensus target price is $49.50.
Central Garden & Pet Company is a US based distributor and retailer of pet supplies. It operates as a manufacturer of a wide range of lawn and garden maintenance products. His two main business categories are gardening and pets. Plus live fish and fish, reptiles and aquariums, furniture, lighting fixtures, aquatic animals, small animals, reptile supplies, toys, cages, habitats, bedding, food and supplements. Some of these products can also be used on fish. Birds are another common pet that people keep. In addition, select dog and cat supplies can be purchased from the Pets segment, including toys, dog treats and chews, pet beds and grooming items, waste management and training pads, and pet containment.