Morgan Stanley lowered shares of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) from an overweight rating to an equal weight rating in a research note published on Friday. The firm currently has $26.00 target price on the stock.
Several other equities analysts also recently commented on BUFF. Susquehanna Bancshares Inc set a $34.00 target price on shares of Blue Buffalo Pet Products and gave the stock a buy rating in a research report on Saturday, March 11th. Zacks Investment Research downgraded shares of Blue Buffalo Pet Products from a buy rating to a hold rating in a research report on Monday, December 19th. Finally, Oppenheimer Holdings Inc. reissued an outperform rating and set a $29.00 target price on shares of Blue Buffalo Pet Products in a research report on Thursday, February 9th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $29.33.
Shares of Blue Buffalo Pet Products (NASDAQ:BUFF) traded down 0.92% during mid-day trading on Friday, reaching $23.64. The company’s stock had a trading volume of 277,353 shares. Blue Buffalo Pet Products has a 12 month low of $21.60 and a 12 month high of $27.50. The stock has a market capitalization of $4.65 billion, a P/E ratio of 36.37 and a beta of 2.04. The company has a 50 day moving average price of $24.72 and a 200 day moving average price of $24.54.
Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its earnings results on Tuesday, February 28th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.00. The business had revenue of $295.10 million for the quarter, compared to analyst estimates of $293.53 million. Blue Buffalo Pet Products had a return on equity of 242.34% and a net margin of 9.38%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. On average, equities research analysts anticipate that Blue Buffalo Pet Products will post $0.92 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the stock. Nationwide Fund Advisors acquired a new stake in shares of Blue Buffalo Pet Products during the third quarter valued at about $7,840,000. Wells Fargo & Company MN boosted its stake in Blue Buffalo Pet Products by 553.1% in the third quarter. Wells Fargo & Company MN now owns 507,431 shares of the company’s stock valued at $12,056,000 after buying an additional 429,734 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in Blue Buffalo Pet Products by 7.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,418,718 shares of the company’s stock valued at $34,106,000 after buying an additional 95,310 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Blue Buffalo Pet Products by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 1,292,404 shares of the company’s stock valued at $30,692,000 after buying an additional 7,804 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in Blue Buffalo Pet Products during the fourth quarter valued at $80,767,000. 86.79% of the stock is currently owned by institutional investors.
Blue Buffalo Pet Products Company Profile
Blue Buffalo Pet Products, Inc (BBPP) is a holding company. The Company, through its subsidiaries, develops, produces, markets and sells pet food under the BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines. Blue Buffalo Company, Ltd. (Blue), Blue Buffalo Import Mexico, S.
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