BidaskClub upgraded shares of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) from a strong sell rating to a sell rating in a research report released on Monday, July 24th.
Several other equities research analysts have also issued reports on the stock. Citigroup Inc. raised shares of Blue Buffalo Pet Products from a buy rating to a top pick rating in a report on Tuesday, April 18th. Off Wall Street initiated coverage on shares of Blue Buffalo Pet Products in a report on Wednesday, June 21st. They issued a sell rating for the company. J P Morgan Chase & Co reissued an overweight rating and issued a $25.00 target price (down from $28.00) on shares of Blue Buffalo Pet Products in a report on Wednesday, June 28th. Susquehanna Bancshares Inc reissued a positive rating on shares of Blue Buffalo Pet Products in a report on Thursday, April 20th. Finally, Zacks Investment Research lowered shares of Blue Buffalo Pet Products from a buy rating to a hold rating in a report on Thursday, May 11th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $27.91.
Blue Buffalo Pet Products (BUFF) traded down 3.45% during trading on Monday, hitting $21.57. 2,390,940 shares of the stock were exchanged. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 31.72 and a beta of 1.95. Blue Buffalo Pet Products has a 1-year low of $21.55 and a 1-year high of $27.50. The company has a 50-day moving average price of $22.89 and a 200 day moving average price of $23.84.
Blue Buffalo Pet Products (NASDAQ:BUFF) last released its earnings results on Tuesday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $302 million during the quarter, compared to analyst estimates of $300.27 million. Blue Buffalo Pet Products had a net margin of 11.69% and a return on equity of 122.62%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. Equities analysts predict that Blue Buffalo Pet Products will post $0.92 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System increased its position in Blue Buffalo Pet Products by 1.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 51,625 shares of the company’s stock worth $1,178,000 after buying an additional 730 shares in the last quarter. Marshall Wace North America L.P. increased its position in Blue Buffalo Pet Products by 693.2% in the second quarter. Marshall Wace North America L.P. now owns 995,109 shares of the company’s stock worth $22,887,000 after buying an additional 869,657 shares in the last quarter. KBC Group NV increased its position in Blue Buffalo Pet Products by 116.1% in the second quarter. KBC Group NV now owns 35,313 shares of the company’s stock worth $805,000 after buying an additional 18,971 shares in the last quarter. Legal & General Group Plc increased its position in Blue Buffalo Pet Products by 4.5% in the second quarter. Legal & General Group Plc now owns 26,354 shares of the company’s stock worth $601,000 after buying an additional 1,128 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Blue Buffalo Pet Products by 50.3% in the second quarter. Bank of New York Mellon Corp now owns 5,235,035 shares of the company’s stock worth $119,411,000 after buying an additional 1,752,086 shares in the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.
Blue Buffalo Pet Products Company Profile
Blue Buffalo Pet Products, Inc (BBPP) is a holding company. The Company operates as a pet food company. The Company, through its subsidiaries, develops, produces, markets and sells pet food under product lines, including BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines.
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