Blue Bird Corporation (NASDAQ:BLBD) received a $22.00 price objective from analysts at Roth Capital in a research report issued on Monday. The brokerage presently has a “buy” rating on the stock. Roth Capital’s target price would suggest a potential upside of 21.55% from the stock’s previous close.

Separately, Stifel Nicolaus upped their price target on shares of Blue Bird Corporation from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, May 12th.

Shares of Blue Bird Corporation (NASDAQ BLBD) traded up 1.12% on Monday, hitting $18.10. 56,939 shares of the stock were exchanged. The company’s market cap is $428.99 million. The firm’s 50-day moving average is $17.42 and its 200-day moving average is $17.46. Blue Bird Corporation has a one year low of $12.87 and a one year high of $19.60.

Blue Bird Corporation (NASDAQ:BLBD) last released its earnings results on Thursday, August 3rd. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.58 by $0.10. Blue Bird Corporation had a net margin of 2.60% and a negative return on equity of 18.50%. The business had revenue of $332.60 million during the quarter, compared to analyst estimates of $324.13 million. On average, equities analysts forecast that Blue Bird Corporation will post $1.21 EPS for the current fiscal year.

Blue Bird Corporation announced that its Board of Directors has approved a stock buyback plan on Thursday, August 3rd that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to reacquire up to 11.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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In related news, Director Coliseum Capital Management, L sold 27,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $18.01, for a total value of $486,270.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 380,049 shares of company stock valued at $6,945,147. 16.70% of the stock is owned by insiders.

Several large investors have recently modified their holdings of BLBD. William Blair Investment Management LLC purchased a new stake in shares of Blue Bird Corporation during the second quarter valued at approximately $8,187,000. Blair William & Co. IL raised its position in Blue Bird Corporation by 189.2% in the second quarter. Blair William & Co. IL now owns 216,918 shares of the company’s stock valued at $3,688,000 after buying an additional 141,918 shares in the last quarter. Olstein Capital Management L.P. bought a new position in Blue Bird Corporation during the second quarter valued at $1,319,000. Schwab Charles Investment Management Inc. bought a new position in Blue Bird Corporation during the second quarter valued at $367,000. Finally, Wedge Capital Management L L P NC raised its position in Blue Bird Corporation by 26.6% in the second quarter. Wedge Capital Management L L P NC now owns 52,432 shares of the company’s stock valued at $891,000 after buying an additional 11,032 shares in the last quarter.

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