Media headlines about Blue Buffalo Pet Products (NASDAQ:BUFF) have been trending somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Blue Buffalo Pet Products earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.0363489675305 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several research analysts recently commented on the stock. Citigroup raised their price objective on shares of Blue Buffalo Pet Products from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Monday, January 15th. Oppenheimer reiterated a “buy” rating and issued a $37.00 target price on shares of Blue Buffalo Pet Products in a research note on Wednesday, January 24th. BidaskClub cut shares of Blue Buffalo Pet Products from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Finally, Susquehanna Bancshares set a $41.00 price objective on shares of Blue Buffalo Pet Products and gave the company a “buy” rating in a research report on Thursday, December 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.54.
Shares of Blue Buffalo Pet Products (NASDAQ:BUFF) traded down $0.63 during trading on Friday, reaching $35.09. 1,224,920 shares of the company’s stock were exchanged, compared to its average volume of 1,150,522. The company has a market cap of $6,974.80, a price-to-earnings ratio of 40.33, a PEG ratio of 2.10 and a beta of 1.83. The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.62 and a current ratio of 4.22. Blue Buffalo Pet Products has a 1-year low of $21.51 and a 1-year high of $35.81.
In related news, CFO Michael Nathenson sold 62,708 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $32.72, for a total transaction of $2,051,805.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William W. Bishop, Jr. sold 21,200 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $30.70, for a total transaction of $650,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 214,288 shares of company stock worth $6,977,870 in the last ninety days. Insiders own 7.70% of the company’s stock.
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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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