Several analysts have recently updated their ratings and price targets for Blue Buffalo Pet Products (NASDAQ: BUFF):

  • 9/21/2017 – Blue Buffalo Pet Products had its price target raised by analysts at Susquehanna Bancshares Inc from $30.00 to $32.00. They now have a “positive” rating on the stock.
  • 9/16/2017 – Blue Buffalo Pet Products had its “top pick” rating reaffirmed by analysts at Citigroup Inc..
  • 9/13/2017 – Blue Buffalo Pet Products is now covered by analysts at Sanford C. Bernstein. They set a “market perform” rating and a $29.00 price target on the stock.
  • 9/6/2017 – Blue Buffalo Pet Products is now covered by analysts at Gabelli. They set a “buy” rating and a $33.00 price target on the stock.
  • 9/1/2017 – Blue Buffalo Pet Products had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $23.00 price target on the stock.
  • 8/22/2017 – Blue Buffalo Pet Products was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/21/2017 – Blue Buffalo Pet Products had its price target raised by analysts at J P Morgan Chase & Co from $26.00 to $29.00. They now have an “overweight” rating on the stock.
  • 8/11/2017 – Blue Buffalo Pet Products had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $27.00 price target on the stock.
  • 8/11/2017 – Blue Buffalo Pet Products was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 8/10/2017 – Blue Buffalo Pet Products had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $25.00 price target on the stock, down previously from $29.00.
  • 8/10/2017 – Blue Buffalo Pet Products was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Blue Buffalo Pet Products, Inc. develops, produces, markets and sells pet food primarily in the United States. The Company’s product lines include BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Naturally Fresh line. It offers dry foods, wet foods as well as treats for puppies, adult dogs, senior dogs and litters for kittens, adult cats and mature cats. Blue Buffalo Pet Products, Inc. is headquartered in Wilton, Connecticut. “
  • 8/9/2017 – Blue Buffalo Pet Products had its price target raised by analysts at J P Morgan Chase & Co from $25.00 to $26.00. They now have an “overweight” rating on the stock.
  • 8/7/2017 – Blue Buffalo Pet Products had its “buy” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $30.00 price target on the stock, down previously from $32.00.
  • 7/31/2017 – Blue Buffalo Pet Products was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/24/2017 – Blue Buffalo Pet Products is now covered by analysts at Robert W. Baird. They set a “neutral” rating and a $23.00 price target on the stock.
  • 7/24/2017 – Blue Buffalo Pet Products was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Blue Buffalo Pet Products, Inc. (BUFF) opened at 26.99 on Friday. Blue Buffalo Pet Products, Inc. has a 1-year low of $21.60 and a 1-year high of $27.10. The stock has a 50 day moving average of $25.93 and a 200-day moving average of $25.93. The firm has a market capitalization of $5.32 billion, a P/E ratio of 38.01 and a beta of 1.91.

Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $294.80 million during the quarter, compared to analysts’ expectations of $301.88 million. Blue Buffalo Pet Products had a net margin of 12.13% and a return on equity of 98.02%. Blue Buffalo Pet Products’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, equities research analysts anticipate that Blue Buffalo Pet Products, Inc. will post $0.92 earnings per share for the current year.

In other news, CFO Michael Nathenson sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $25.00, for a total value of $1,250,000.00. Following the completion of the sale, the chief financial officer now directly owns 50,000 shares in the company, valued at approximately $1,250,000. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 187,072 shares of company stock valued at $4,736,802. 7.70% of the stock is currently owned by company insiders.

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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