Stock Mover of The Day: Time to Reconsider Central Garden & Pet Co After Touching 52-Week High?

Stock Mover of The Day: Time to Reconsider Central Garden & Pet Co After Touching 52 Week High?

The stock of Central Garden & Pet Co (NASDAQ:CENTA) hit a new 52-week high and has $42.34 target or 59.00% above today’s $26.63 share price. The 5 months bullish chart indicates low risk for the $1.34B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $42.34 price target is reached, the company will be worth $790.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 123,996 shares traded hands. Central Garden & Pet Co (NASDAQ:CENTA) has risen 64.73% since April 11, 2016 and is uptrending. It has outperformed by 58.58% the S&P500.

Analysts await Central Garden & Pet Co (NASDAQ:CENTA) to report earnings on December, 5.

According to Zacks Investment Research, “CENTRAL GARDEN & PET COMPANY is a leading innovator, marketer and producer of quality branded products for the pet and lawn and garden supplies markets. The pet products include pet bird and small animal food, aquarium products, flea, tick, mosquito and other pest control products, edible bones, cages, carriers, pet books, and other dog, cat, reptile and small animal products. These products are sold under a number of brand names, including Kaytee, All-Glass Aquarium, Oceanic, Kent Marine, Zodiac, Pre-Strike, Altosid, Nylabone, TFH and Four Paws. The lawn and garden products include grass seed, wild bird food, weed and insect control products, decorative outdoor patio products and ant control products. These products are sold under a number of brand names, including Pennington, Norcal Pottery, New England Pottery, GKI/Bethlehem Lighting, Lilly Miller, Matthews Four Seasons, AMDRO and Grant’s.”

More important recent Central Garden & Pet Co (NASDAQ:CENTA) news were published by: Streetinsider.com which released: “Central Garden & Pet Company (CENTA) Acquires Segrest in $60M Deal” on October 24, 2016, also Businesswire.com published article titled: “Central Garden & Pet Names George C. Roeth Chief Executive Officer”, Businesswire.com published: “Central Garden & Pet Announces Executive Appointments” on October 06, 2016. More interesting news about Central Garden & Pet Co (NASDAQ:CENTA) was released by: Businesswire.com and their article: “Central Garden & Pet Company Announces Fiscal Third Quarter Results” with publication date: August 02, 2016.

CENTA Company Profile

Central Garden & Pet Company, incorporated on May 13, 1992, is a marketer and producer of branded products, and distributor of third party products in the pet, and lawn and garden supplies industries. The Company’s divisions are Pet and Garden. The Company’s Pet segment is engaged in the manufacturing, purchase, sale and delivery of internally and externally produced pet supplies, books and food principally to independent pet distributors, national and regional retail chains, grocery stores, mass merchants and bookstores. The Company’s Garden segment is engaged in the manufacturing, designing and distributing of lawn and garden products to national and regional retail chains, independent garden distributors, grocery stores, nurseries and garden supply retailers.

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