Equities research analysts predict that Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) will post earnings per share of $0.25 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Blue Buffalo Pet Products’ earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.28. Blue Buffalo Pet Products posted earnings of $0.22 per share in the same quarter last year, which indicates a positive year over year growth rate of 13.6%. The business is expected to report its next quarterly earnings results on Thursday, November 9th.

On average, analysts expect that Blue Buffalo Pet Products will report full year earnings of $0.92 per share for the current year, with EPS estimates ranging from $0.89 to $0.95. For the next year, analysts expect that the firm will report earnings of $1.04 per share, with EPS estimates ranging from $0.97 to $1.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Blue Buffalo Pet Products.

Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.21. Blue Buffalo Pet Products had a return on equity of 98.02% and a net margin of 12.13%. The business had revenue of $294.80 million during the quarter, compared to the consensus estimate of $301.88 million. During the same period in the previous year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis.

BUFF has been the subject of a number of recent research reports. Susquehanna Bancshares Inc set a $32.00 target price on Blue Buffalo Pet Products and gave the company a “buy” rating in a research note on Thursday, May 25th. Off Wall Street initiated coverage on Blue Buffalo Pet Products in a research note on Wednesday, June 21st. They issued a “sell” rating for the company. Imperial Capital initiated coverage on Blue Buffalo Pet Products in a research note on Wednesday, June 28th. They issued an “outperform” rating and a $30.00 target price for the company. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $25.00 target price (down previously from $28.00) on shares of Blue Buffalo Pet Products in a research note on Wednesday, June 28th. Finally, BidaskClub lowered Blue Buffalo Pet Products from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $27.90.

Shares of Blue Buffalo Pet Products (NASDAQ:BUFF) traded up 0.27% during trading on Friday, hitting $26.07. The stock had a trading volume of 893,544 shares. Blue Buffalo Pet Products has a one year low of $21.51 and a one year high of $26.24. The stock’s 50-day moving average price is $24.08 and its 200-day moving average price is $23.77. The company has a market cap of $5.14 billion, a P/E ratio of 36.72 and a beta of 1.91.

Blue Buffalo Pet Products announced that its Board of Directors has initiated a stock repurchase program on Tuesday, August 8th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 1.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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In other Blue Buffalo Pet Products news, CFO Michael Nathenson sold 50,000 shares of Blue Buffalo Pet Products stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $25.00, for a total transaction of $1,250,000.00. Following the sale, the chief financial officer now owns 50,000 shares of the company’s stock, valued at approximately $1,250,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 187,072 shares of company stock worth $4,736,802 in the last ninety days. 7.70% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. FNY Partners Fund LP increased its position in shares of Blue Buffalo Pet Products by 63.7% during the 1st quarter. FNY Partners Fund LP now owns 4,500 shares of the company’s stock valued at $103,000 after purchasing an additional 1,751 shares during the period. Advisor Group Inc. increased its position in shares of Blue Buffalo Pet Products by 6.5% during the 2nd quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock valued at $103,000 after purchasing an additional 277 shares during the period. SG Americas Securities LLC acquired a new position in shares of Blue Buffalo Pet Products during the 2nd quarter valued at $138,000. The Manufacturers Life Insurance Company increased its position in shares of Blue Buffalo Pet Products by 9.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,070 shares of the company’s stock valued at $138,000 after purchasing an additional 533 shares during the period. Finally, US Bancorp DE increased its position in shares of Blue Buffalo Pet Products by 38.5% during the 1st quarter. US Bancorp DE now owns 7,193 shares of the company’s stock valued at $165,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 88.77% of the company’s stock.

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.

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

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