Stock Analysis:Central Garden & Pet Company (NASDAQ:CENT) Stock Target Upgraded
In analysts note distributed by Suntrust Robinson on Tuesday, 8 December, Central Garden & Pet Company (NASDAQ:CENT) had its target PPS lifted to $15.00. The firm right now has a solid Neutral rating on shares.
The stock increased 12.75% or $1.92 during the last trading session, striking $16.98. Approximately shares of stock traded hands. Central Garden & Pet Co (NASDAQ:CENT) has risen 81.22% since May 6, 2015 and is uptrending. It has outperformed by 82.01% the S&P500.
The overall sentiment of institutions has increased to 1.7 in Q2 2015. Its up 0.65, from 1.05 in 2015Q2. The ratio increased, as 6 institutions have sold all the shares of Central Garden & Pet Co that they owned while 17 funds have taken shares off the table. 24 funds have purchased shares for the first time while 15 added to their positions. These institutions now hold 10.62 million shares or 41.05% more than the 7.53 million shares they owned in 2015Q2.
The Fund Drill Craig A currently is holding shares equating to 4.77% of its total portfolio in Central Garden & Pet Co representing a total of 216,900 shares. Another fund,Rutabaga Capital Management Llc Ma, is holding a total of 1.35 million shares equating to 2.57% of their holdings. Additionally, North Star Investment Management Corp. has a 183,350 share stake in Central Garden & Pet Co which represents 0.58% of their total portfolio. The Fund, First Wilshire Securities Management Inc, based out of California, has also built up a stake in the stock, which represents a total of 0.38% of their total portfolio. Finally Ellington Management Group Llc, a fund which is based in the state of Connecticut reported a total holdings of 66,775 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 19, 2015, shareholders of Central Garden & Pet Co have witnessed 0 buys, and a total of 7 insider sales equating to a net activity of approximately $2.21 million . Brown William E sold 41,717 shares worth approximately $753,450. Varlas Lori A. sold 1,260 shares worth approximately $16,506. Yuhas George A. sold 6,258 shares worth approximately $71,404. Pennington Brooks Iii sold 1,201 shares worth approximately $12,311. The company insider Reed Michael A sold 10,000 shares worth $100,224.
Central Garden & Pet Company is a marketer and producer of branded products. The company has a market cap of $788.32 million. The Firm is the supplier of pet and lawn and garden supplies industries in the United States. It has 25.98 P/E ratio. The Firm operates in two divisions: Garden Products and Pet Products.
According to Zacks Investment Research, “Central Garden & Pet Company is a leading innovator, marketer and producer of quality branded products for the lawn & garden and pet supplies markets. Committed to new product innovation, ITS products are sold to specialty independent and mass retailers in the following categories: In Lawn & Garden: Grass seed including the brands Pennington and The Rebels; wild bird feed and the brands Pennington and Kaytee; weed and insect control and the brands AMDRO, Sevin, Ironite and Over ‘N Out and; decorative outdoor patio products and the brands Norcal, New England Pottery and Matthews Four Seasons. The Company also provide a host of other regional and application-specific garden brands and supplies. It also provide a host of other application-specific Pet brands and supplies.” Get a free copy of the Zacks research report on Central Garden & Pet Co (CENT).