Blue Buffalo Pet Products (BUFF) Rating Lowered to Buy at BidaskClub

Blue Buffalo Pet Products (NASDAQ:BUFF) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Friday.

A number of other equities analysts have also commented on BUFF. ValuEngine upgraded Blue Buffalo Pet Products from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Societe Generale downgraded Blue Buffalo Pet Products from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $40.00 target price on shares of Blue Buffalo Pet Products in a report on Friday, February 23rd. Zacks Investment Research raised Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, February 28th. Finally, Citigroup downgraded Blue Buffalo Pet Products from a “buy” rating to a “neutral” rating in a report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $35.50.

How to Become a New Pot Stock Millionaire

Blue Buffalo Pet Products stock opened at $39.92 on Friday. Blue Buffalo Pet Products has a one year low of $21.51 and a one year high of $40.15. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.17 and a current ratio of 3.74. The firm has a market cap of $7,812.05, a price-to-earnings ratio of 42.02, a P/E/G ratio of 1.41 and a beta of 1.38.

Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.27 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $336.96 million for the quarter, compared to analyst estimates of $320.58 million. During the same quarter last year, the company earned $0.18 EPS. The company’s revenue was up 14.2% on a year-over-year basis. equities research analysts expect that Blue Buffalo Pet Products will post 1.18 earnings per share for the current fiscal year.

In related news, CEO William W. Bishop, Jr. sold 3,180 shares of the firm’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $39.88, for a total transaction of $126,818.40. Following the sale, the chief executive officer now owns 591,490 shares of the company’s stock, valued at approximately $23,588,621.20. 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 firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $33.17, for a total value of $703,204.00. Following the sale, the insider now directly owns 616,930 shares in the company, valued at approximately $20,463,568.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,380 shares of company stock worth $4,618,250. 7.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Blue Buffalo Pet Products by 9.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,070 shares of the company’s stock valued at $138,000 after acquiring an additional 533 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 valued at $177,000 after acquiring an additional 1,656 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of 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 valued at $184,000 after acquiring an additional 2,494 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Blue Buffalo Pet Products by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 144,500 shares of the company’s stock valued at $4,097,000 after acquiring an additional 2,800 shares in the last quarter. Finally, BB&T Corp lifted its holdings in Blue Buffalo Pet Products by 8.1% during the 4th quarter. BB&T Corp now owns 50,438 shares of the company’s stock worth $1,654,000 after buying an additional 3,767 shares during the period. 94.76% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Blue Buffalo Pet Products (BUFF) Rating Lowered to Buy at BidaskClub” was published by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3339704/blue-buffalo-pet-products-buff-rating-lowered-to-buy-at-bidaskclub.html.

Blue Buffalo Pet Products Company Profile

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.

Latest News

Continental  Given a €236.00 Price Target by Independent Research Analysts
Continental Given a €236.00 Price Target by Independent Research Analysts
MedEquities Realty Trust  to Post FY2018 Earnings of $1.20 Per Share, KeyCorp Forecasts
MedEquities Realty Trust to Post FY2018 Earnings of $1.20 Per Share, KeyCorp Forecasts
Oasis Petroleum  to Post FY2018 Earnings of $0.47 Per Share, Piper Jaffray Forecasts
Oasis Petroleum to Post FY2018 Earnings of $0.47 Per Share, Piper Jaffray Forecasts
Research Analysts Issue Forecasts for Idacorp’s FY2018 Earnings
Research Analysts Issue Forecasts for Idacorp’s FY2018 Earnings
FY2018 EPS Estimates for Callon Petroleum  Lifted by Analyst
FY2018 EPS Estimates for Callon Petroleum Lifted by Analyst
Equities Analysts Offer Predictions for CBL & Associates Properties, Inc.’s FY2018 Earnings
Equities Analysts Offer Predictions for CBL & Associates Properties, Inc.’s FY2018 Earnings


Leave a Reply

© 2006-2018 Ticker Report. Google+.