Headlines about Blue Buffalo Pet Products (NASDAQ:BUFF) have trended positive recently, AlphaOne reports. AlphaOne, a division of Accern, ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Blue Buffalo Pet Products earned a coverage optimism score of 0.32 on AlphaOne’s scale. AlphaOne also assigned news stories about the company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Alpha One Sentiment’s scoring:
- Zacks: Brokerages Anticipate Blue Buffalo Pet Products Inc (BUFF) to Post $0.21 Earnings Per Share (americanbankingnews.com)
- Blue Buffalo Pet Products, Inc. (NasdaqGS:BUFF) Earnings & Valuation in Perspective – Ozark Times (ozarktimes.com)
- A Technical Look at This Dividend Stock: Blue Buffalo Pet Products, Inc. (NasdaqGS:BUFF) – Geneva Journal (genevajournal.com)
- Blue Buffalo Pet Products, Inc. breached its 50 day moving average in a Bearish Manner : BUFF-US : May 17, 2017 (finance.yahoo.com)
- Blue Buffalo Pet Products, Inc. (NasdaqGS:BUFF) Stock Analysis & Valuation Update – Ozark Times (ozarktimes.com)
A number of brokerages recently issued reports on BUFF. Zacks Investment Research cut shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Susquehanna Bancshares Inc reissued a “positive” rating on shares of Blue Buffalo Pet Products in a research note on Thursday, April 20th. Citigroup Inc raised shares of Blue Buffalo Pet Products from a “buy” rating to a “top pick” rating in a research note on Tuesday, April 18th. Morgan Stanley lowered shares of Blue Buffalo Pet Products from an “overweight” rating to an “equal weight” rating and set a $26.00 target price on the stock. in a research report on Friday, March 17th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $29.00 target price on shares of Blue Buffalo Pet Products in a research report on Thursday, February 9th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $29.33.
Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $302 million during the quarter, compared to analysts’ expectations of $300.27 million. Blue Buffalo Pet Products had a net margin of 9.38% and a return on equity of 242.34%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 EPS.
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.
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