Bayesian Capital Management LP Invests $96,000 in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Bayesian Capital Management LP acquired a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 25,200 shares of the company’s stock, valued at approximately $96,000.

Other large investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in Petco Health and Wellness during the fourth quarter worth about $25,000. Scotia Capital Inc. acquired a new stake in shares of Petco Health and Wellness in the 4th quarter valued at approximately $41,000. Blueprint Investment Partners LLC bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at $44,000. New York State Common Retirement Fund increased its holdings in Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after buying an additional 3,711 shares during the last quarter. Finally, Bank of Nova Scotia bought a new stake in Petco Health and Wellness during the fourth quarter worth $50,000.

Petco Health and Wellness Stock Down 1.1 %

Shares of NASDAQ:WOOF opened at $3.17 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness Company, Inc. has a 52-week low of $1.64 and a 52-week high of $6.29. The business’s 50 day simple moving average is $2.89 and its two-hundred day simple moving average is $3.57. The firm has a market cap of $997.37 million, a P/E ratio of -7.91 and a beta of 1.74.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WOOF. Wedbush cut their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Royal Bank of Canada reduced their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Robert W. Baird dropped their price objective on shares of Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Citigroup reduced their target price on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Finally, UBS Group lowered their price target on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4.11.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.