Blue Buffalo Pet Products Inc (BUFF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) have received a consensus recommendation of “Hold” from the eighteen analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $34.91.

Several brokerages have commented on BUFF. Robert W. Baird reiterated a “hold” rating and set a $40.00 target price on shares of Blue Buffalo Pet Products in a research note on Friday, February 23rd. Societe Generale downgraded Blue Buffalo Pet Products from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Wells Fargo downgraded Blue Buffalo Pet Products from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $36.00 to $40.00 in a research note on Tuesday, February 27th. Zacks Investment Research upgraded Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, February 28th. Finally, Citigroup downgraded Blue Buffalo Pet Products from a “buy” rating to a “neutral” rating in a research note on Monday, February 26th.

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In related news, CEO William W. Bishop, Jr. sold 3,180 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $32.41, for a total value of $103,063.80. Following the transaction, the chief executive officer now directly owns 629,650 shares of the company’s stock, valued at approximately $20,406,956.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider William W. Bishop, Jr. sold 21,200 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $39.87, for a total value of $845,244.00. Following the completion of the transaction, the insider now directly owns 597,850 shares in the company, valued at $23,836,279.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,088 shares of company stock worth $6,488,574. Company insiders own 7.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BUFF. The Manufacturers Life Insurance Company grew its position in Blue Buffalo Pet Products by 9.6% in the second quarter. The Manufacturers Life Insurance Company now owns 6,070 shares of the company’s stock worth $138,000 after acquiring an additional 533 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Blue Buffalo Pet Products by 44.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,388 shares of the company’s stock worth $177,000 after acquiring an additional 1,656 shares in the last quarter. Turner Investments LLC acquired a new stake in Blue Buffalo Pet Products during the 3rd quarter worth $184,000. Envestnet Asset Management Inc. raised its stake in Blue Buffalo Pet Products by 62.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,462 shares of the company’s stock worth $184,000 after acquiring an additional 2,494 shares in the last quarter. Finally, BB&T Securities LLC acquired a new stake in Blue Buffalo Pet Products during the 3rd quarter worth $204,000. 94.79% of the stock is currently owned by institutional investors.

Shares of Blue Buffalo Pet Products (NASDAQ:BUFF) remained flat at $$39.80 on Friday. 1,987,847 shares of the company’s stock were exchanged, compared to its average volume of 4,947,416. The company has a current ratio of 3.74, a quick ratio of 3.17 and a debt-to-equity ratio of 1.30. Blue Buffalo Pet Products has a twelve month low of $21.51 and a twelve month high of $40.15. The firm has a market capitalization of $7,784.28, a PE ratio of 41.03, a P/E/G ratio of 1.40 and a beta of 1.41.

Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its earnings results on Friday, February 23rd. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. Blue Buffalo Pet Products had a return on equity of 77.83% and a net margin of 15.18%. The business had revenue of $336.96 million for the quarter, compared to the consensus estimate of $320.58 million. During the same period last year, the business posted $0.18 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. research analysts forecast that Blue Buffalo Pet Products will post 1.18 earnings per share for the current year.

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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.

Analyst Recommendations for Blue Buffalo Pet Products (NASDAQ:BUFF)

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