Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) – Stock analysts at Imperial Capital issued their Q2 2017 earnings estimates for shares of Blue Buffalo Pet Products in a note issued to investors on Wednesday. Imperial Capital analyst G. Kelly anticipates that the company will post earnings of $0.21 per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $30.00 price target on the stock. Imperial Capital also issued estimates for Blue Buffalo Pet Products’ Q3 2017 earnings at $0.25 EPS, Q4 2017 earnings at $0.23 EPS, FY2017 earnings at $0.91 EPS, Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $1.02 EPS and FY2019 earnings at $1.24 EPS.

A number of other research firms also recently weighed in on BUFF. Zacks Investment Research raised Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Friday, March 3rd. Susquehanna Bancshares Inc set a $34.00 target price on Blue Buffalo Pet Products and gave the stock a “buy” rating in a report on Saturday, March 11th. Morgan Stanley downgraded Blue Buffalo Pet Products from an “overweight” rating to an “equal weight” rating and set a $26.00 target price for the company. in a report on Friday, March 17th. Off Wall Street assumed coverage on Blue Buffalo Pet Products in a report on Wednesday, June 21st. They set a “sell” rating for the company. Finally, Citigroup Inc. raised Blue Buffalo Pet Products from a “buy” rating to a “top pick” rating in a report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Blue Buffalo Pet Products currently has an average rating of “Buy” and a consensus price target of $28.40.

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Shares of Blue Buffalo Pet Products (NASDAQ BUFF) opened at 22.78 on Friday. The company has a market capitalization of $4.48 billion, a P/E ratio of 33.50 and a beta of 1.97. Blue Buffalo Pet Products has a 12-month low of $21.60 and a 12-month high of $27.50. The company’s 50 day moving average is $23.52 and its 200 day moving average is $24.14.

Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $302 million during the quarter, compared to the consensus estimate of $300.27 million. Blue Buffalo Pet Products had a net margin of 11.69% and a return on equity of 122.62%. Blue Buffalo Pet Products’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new position in Blue Buffalo Pet Products during the fourth quarter worth approximately $485,000. Parametrica Management Ltd bought a new position in Blue Buffalo Pet Products during the first quarter worth approximately $440,000. State Board of Administration of Florida Retirement System increased its position in Blue Buffalo Pet Products by 16.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 50,895 shares of the company’s stock worth $1,224,000 after buying an additional 7,162 shares during the period. Argent Capital Management LLC increased its position in Blue Buffalo Pet Products by 2.5% in the first quarter. Argent Capital Management LLC now owns 20,780 shares of the company’s stock worth $478,000 after buying an additional 500 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in Blue Buffalo Pet Products during the fourth quarter worth approximately $134,000. 88.41% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Blue Buffalo Pet Products (NASDAQ:BUFF)

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