SunTrust Robinson Humphrey Upgrades Central Garden & Pet Co to Buy

Brokerage firm SunTrust Robinson Humphrey Upgrades its rating on Central Garden & Pet Co(NASDAQ:CENT). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by SunTrust Robinson Humphrey was issued on Jun 16, 2016.

Central Garden & Pet Co (CENT) made into the market gainers list on Tuesdays trading session with the shares advancing 2.08% or 0.46 points. Due to strong positive momentum, the stock ended at $22.54, which is also near the day’s high of $22.56. The stock began the session at $22.1 and the volume stood at 2,33,250 shares. The 52-week high of the shares is $22.85 and the 52 week low is $8.47. The company has a current market capitalization of $1,136 M and it has 5,03,85,116 shares in outstanding.

Central Garden & Pet Co(CENT) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $541.25M. Analysts had an estimated revenue of $528.25M. Earnings per share were $0.65. Analysts had estimated an EPS of $0.59.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, William E Brown (Chairman) sold 29,644 shares at $19.33 per share price.Also, On Jun 1, 2016, John Ranelli (director) sold 7,886 shares at $18.56 per share price.On May 31, 2016, John Balousek (director) sold 25,000 shares at $18.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Central Garden & Pet Company is a marketer and producer of branded products. The Company is the supplier of pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Garden Products and Pet Products. The Company’s pet supplies products include products for dogs and cats including edible bones premium healthy edible and non-edible chews super premium dog and cat food and treats toys pet carriers grooming supplies and other accessories; products for birds among others. The Company’s lawn and garden supplies products include proprietary and non-proprietary grass seed; wild bird feed bird feeders bird houses and other birding accessories; weed grass ant and other herbicide insecticide and pesticide products; and decorative outdoor lifestyle and lighting products including pottery trellises and other wood products and holiday lighting.

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