Blue Buffalo Pet Products (BUFF) Given Consensus Recommendation of “Hold” by Brokerages

Blue Buffalo Pet Products (NASDAQ:BUFF) has received an average recommendation of “Hold” from the seventeen brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $35.80.

BUFF has been the topic of several recent analyst reports. Zacks Investment Research upgraded Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, February 28th. BidaskClub lowered Blue Buffalo Pet Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 6th. ValuEngine upgraded Blue Buffalo Pet Products from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Wells Fargo & Co lowered Blue Buffalo Pet Products from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $36.00 to $40.00 in a research note on Tuesday, February 27th. Finally, Citigroup lowered Blue Buffalo Pet Products from a “buy” rating to a “neutral” rating in a research note on Monday, February 26th.

In other Blue Buffalo Pet Products news, insider William W. Bishop, Jr. sold 21,200 shares of the company’s stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of $39.98, for a total transaction of $847,576.00. Following the completion of the sale, the insider now directly owns 578,770 shares in the company, valued at $23,139,224.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Amalgamated Bank grew its stake in Blue Buffalo Pet Products by 7.1% during the 1st quarter. Amalgamated Bank now owns 19,995 shares of the company’s stock valued at $796,000 after purchasing an additional 1,317 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Blue Buffalo Pet Products during the 1st quarter valued at approximately $107,000. Aperio Group LLC grew its stake in Blue Buffalo Pet Products by 36.8% during the 1st quarter. Aperio Group LLC now owns 11,635 shares of the company’s stock valued at $463,000 after purchasing an additional 3,130 shares in the last quarter. Swiss National Bank grew its stake in Blue Buffalo Pet Products by 2.1% during the 1st quarter. Swiss National Bank now owns 171,500 shares of the company’s stock valued at $6,827,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in Blue Buffalo Pet Products by 40.2% during the 1st quarter. Xact Kapitalforvaltning AB now owns 13,253 shares of the company’s stock valued at $528,000 after purchasing an additional 3,800 shares in the last quarter. Institutional investors and hedge funds own 94.55% of the company’s stock.

NASDAQ BUFF remained flat at $$40.00 during trading hours on Monday. Blue Buffalo Pet Products has a 52-week low of $21.51 and a 52-week high of $40.15. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 1.41 and a beta of 1.38. The company has a current ratio of 3.74, a quick ratio of 3.17 and a debt-to-equity ratio of 1.30.

About Blue Buffalo Pet Products

Blue Buffalo Pet Products, Inc, through its subsidiary, Blue Buffalo Company, Ltd., operates as a pet food company in the United States, Canada, Japan, and Mexico. It develops, produces, markets, and sells dog and cat food under the 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)

Receive News & Ratings for Blue Buffalo Pet Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Buffalo Pet Products and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply