Blue Buffalo Pet Products Inc (BUFF) Given Consensus Rating of “Buy” by Analysts

Shares of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) have earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the stock. Four equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $28.67.

Several analysts have recently commented on BUFF shares. Citigroup Inc upgraded shares of Blue Buffalo Pet Products from a “buy” rating to a “top pick” rating in a research report on Tuesday, April 18th. Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Monday, January 23rd. Morgan Stanley lowered shares of Blue Buffalo Pet Products from an “overweight” rating to an “equal weight” rating and set a $26.00 price target on the stock. in a research report on Friday, March 17th. Susquehanna Bancshares Inc set a $34.00 price target on shares of Blue Buffalo Pet Products and gave the company a “buy” rating in a research report on Monday, March 20th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $29.00 price target on shares of Blue Buffalo Pet Products in a research report on Thursday, February 9th.

Blue Buffalo Pet Products (NASDAQ:BUFF) traded up 0.52% on Friday, reaching $23.25. 1,708,386 shares of the company’s stock were exchanged. Blue Buffalo Pet Products has a 12-month low of $21.60 and a 12-month high of $27.50. The firm has a 50 day moving average of $23.77 and a 200-day moving average of $24.18. The company has a market cap of $4.58 billion, a P/E ratio of 34.19 and a beta of 2.04.

Blue Buffalo Pet Products (NASDAQ:BUFF) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $302 million for the quarter, compared to analyst estimates of $300.27 million. Blue Buffalo Pet Products had a net margin of 9.38% and a return on equity of 242.34%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 earnings per share. Equities analysts expect that Blue Buffalo Pet Products will post $0.92 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/05/19/blue-buffalo-pet-products-inc-buff-given-consensus-rating-of-buy-by-analysts.html.

A number of hedge funds have recently made changes to their positions in BUFF. Willingdon Wealth Management purchased a new stake in shares of Blue Buffalo Pet Products during the third quarter worth about $1,523,000. LMR Partners LLP purchased a new stake in shares of Blue Buffalo Pet Products during the third quarter worth about $2,474,000. Monashee Investment Management LLC raised its stake in shares of Blue Buffalo Pet Products by 140.0% in the third quarter. Monashee Investment Management LLC now owns 300,000 shares of the company’s stock worth $7,128,000 after buying an additional 175,000 shares during the period. Montag & Caldwell LLC raised its stake in shares of Blue Buffalo Pet Products by 299.9% in the third quarter. Montag & Caldwell LLC now owns 41,185 shares of the company’s stock worth $979,000 after buying an additional 30,885 shares during the period. Finally, BlackRock Advisors LLC raised its stake in shares of Blue Buffalo Pet Products by 23.2% in the third quarter. BlackRock Advisors LLC now owns 37,323 shares of the company’s stock worth $887,000 after buying an additional 7,024 shares during the period. Hedge funds and other institutional investors own 86.79% of the company’s stock.

About Blue Buffalo Pet Products

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.

5 Day Chart for NASDAQ:BUFF

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

Latest News

Leave a Reply