Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) has been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $29.14.
Several equities analysts have weighed in on BUFF shares. Zacks Investment Research downgraded shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Susquehanna Bancshares Inc set a $34.00 price target on shares of Blue Buffalo Pet Products and gave the company a “buy” rating in a report on Saturday, March 11th. Morgan Stanley downgraded shares of Blue Buffalo Pet Products from an “overweight” rating to an “equal weight” rating and set a $26.00 price target on the stock. in a report on Friday, March 17th. Finally, 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.
Blue Buffalo Pet Products (NASDAQ:BUFF) traded up 0.92% during mid-day trading on Tuesday, reaching $24.07. 1,235,122 shares of the company’s stock traded hands. Blue Buffalo Pet Products has a 12-month low of $21.60 and a 12-month high of $27.50. The company has a market cap of $4.74 billion, a P/E ratio of 35.40 and a beta of 1.97. The stock has a 50 day moving average of $23.96 and a 200 day moving average of $24.22.
Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Blue Buffalo Pet Products had a net margin of 11.69% and a return on equity of 122.62%. The business had revenue of $302 million for the quarter, compared to the consensus estimate of $300.27 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Blue Buffalo Pet Products will post $0.92 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. FNY Partners Fund LP increased its position in Blue Buffalo Pet Products by 63.7% in the first quarter. FNY Partners Fund LP now owns 4,500 shares of the company’s stock valued at $103,000 after buying an additional 1,751 shares during the period. Envestnet Asset Management Inc. increased its position in Blue Buffalo Pet Products by 54.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,019 shares of the company’s stock valued at $121,000 after buying an additional 1,769 shares during the period. Russell Investments Group Ltd. bought a new position in Blue Buffalo Pet Products during the fourth quarter valued at approximately $134,000. US Bancorp DE increased its position in Blue Buffalo Pet Products by 38.5% in the first quarter. US Bancorp DE now owns 7,193 shares of the company’s stock valued at $165,000 after buying an additional 2,000 shares during the period. Finally, Quantbot Technologies LP bought a new position in Blue Buffalo Pet Products during the first quarter valued at approximately $191,000. 88.41% of the stock is currently owned by hedge funds and other institutional investors.
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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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