Robert W. Baird assumed coverage on shares of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) in a report issued on Monday, The Fly reports. The firm set a “neutral” rating on the stock.

BUFF has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. Susquehanna Bancshares Inc reaffirmed a “positive” rating on shares of Blue Buffalo Pet Products in a report on Thursday, April 20th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $25.00 price objective (down from $28.00) on shares of Blue Buffalo Pet Products in a report on Wednesday, June 28th. Citigroup Inc. raised shares of Blue Buffalo Pet Products from a “buy” rating to a “top pick” rating in a report on Tuesday, April 18th. Finally, Off Wall Street started coverage on shares of Blue Buffalo Pet Products in a report on Wednesday, June 21st. They set a “sell” rating for the company. Three equities research analysts have rated the stock with a sell rating, three have assigned 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 has an average rating of “Hold” and a consensus target price of $28.40.

Blue Buffalo Pet Products (NASDAQ:BUFF) traded down 0.04% during midday trading on Monday, reaching $23.11. The company’s stock had a trading volume of 831,246 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 50-day moving average price of $23.21 and a 200 day moving average price of $23.97. The company has a market cap of $4.55 billion, a PE ratio of 33.99 and a beta of 1.97.

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 analysts’ consensus estimates of $0.22 by $0.01. Blue Buffalo Pet Products had a net margin of 11.69% and a return on equity of 122.62%. The company had revenue of $302 million during the quarter, compared to the consensus estimate of $300.27 million. During the same period in the previous year, the firm posted $0.19 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Analysts expect that Blue Buffalo Pet Products will post $0.92 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the company. BB&T Corp increased its stake in Blue Buffalo Pet Products by 3.5% in the second quarter. BB&T Corp now owns 31,363 shares of the company’s stock valued at $716,000 after buying an additional 1,067 shares in the last quarter. US Bancorp DE increased its stake in Blue Buffalo Pet Products by 24.6% in the second quarter. US Bancorp DE now owns 8,960 shares of the company’s stock valued at $205,000 after buying an additional 1,767 shares in the last quarter. Gradient Investments LLC increased its stake in Blue Buffalo Pet Products by 6.2% in the second quarter. Gradient Investments LLC now owns 13,925 shares of the company’s stock valued at $318,000 after buying an additional 817 shares in the last quarter. Marathon Asset Management LLP acquired a new stake in Blue Buffalo Pet Products during the second quarter valued at $20,999,000. Finally, CrestPoint Capital Management LLC acquired a new stake in Blue Buffalo Pet Products during the second quarter valued at $534,000. 88.92% of the stock is owned by institutional investors and hedge funds.

Blue Buffalo Pet Products Company Profile

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.

The Fly

Analyst Recommendations for Blue Buffalo Pet Products (NASDAQ:BUFF)

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