Pets at Home released an encouraging Q1 Trading statement last week. The shares are now up 40% since we positively rated them on management buying on the 22nd of May. This is what we said:

Peter Pritchard (CEO since 2018) purchased £247,000 of shares on the 20th of May at £2.04, increasing his holding by 5%. This is notable as he had recently been a seller, raising £989,000 at the higher price of £2.75 in Dec 2019. Whilst this purchase is smaller than the sale, it is material and encouraging. Michael Burke, newly appointed Chairman has also purchased £100,000 of stock. We are ranking the stock +N