Driehaus Capital Management LLC Buys Shares of 1,807,621 Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Driehaus Capital Management LLC purchased a new stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,807,621 shares of the company's stock, valued at approximately $6,887,000. Driehaus Capital Management LLC owned approximately 0.58% of Petco Health and Wellness as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in Petco Health and Wellness in the fourth quarter worth $25,000. Scotia Capital Inc. bought a new stake in Petco Health and Wellness in the fourth quarter worth $41,000. New York State Common Retirement Fund boosted its holdings in Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock worth $44,000 after acquiring an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC bought a new stake in Petco Health and Wellness in the fourth quarter worth $44,000. Finally, Bank of Nova Scotia bought a new stake in Petco Health and Wellness in the fourth quarter worth $50,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WOOF shares. UBS Group dropped their target price on 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. Robert W. Baird dropped their target price on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, March 27th. StockNews.com raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Wedbush dropped their target price on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Finally, Morgan Stanley lowered their price target on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $4.11.

Petco Health and Wellness Stock Performance

Petco Health and Wellness stock traded up $0.04 during mid-day trading on Monday, reaching $3.18. 4,120,426 shares of the stock traded hands, compared to its average volume of 4,693,281. Petco Health and Wellness Company, Inc. has a 12-month low of $1.71 and a 12-month high of $6.29. The business's 50-day moving average is $2.91 and its 200-day moving average is $3.54. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The stock has a market capitalization of $1.00 billion, a PE ratio of -7.95 and a beta of 1.74.

Petco Health and Wellness Company Profile

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.