Analysts predict that Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) will announce earnings of $0.25 per share for the current quarter, according to Zacks. Six analysts have made estimates for Blue Buffalo Pet Products’ earnings, with estimates ranging from $0.23 to $0.26. Blue Buffalo Pet Products reported earnings of $0.22 per share during the same quarter last year, which would indicate a positive year over year growth rate of 13.6%. The business is scheduled to report its next earnings results after the market closes on Tuesday, November 7th.

On average, analysts expect that Blue Buffalo Pet Products will report full-year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.91 to $0.95. For the next financial year, analysts expect that the business will post earnings of $1.03 per share, with EPS estimates ranging from $0.98 to $1.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Blue Buffalo Pet Products.

Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $294.80 million during the quarter, compared to analyst estimates 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 was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share.

Several research analysts have weighed in on the stock. Susquehanna Bancshares Inc set a $34.00 target price on shares of Blue Buffalo Pet Products and gave the stock a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research lowered shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. J P Morgan Chase & Co lowered shares of Blue Buffalo Pet Products from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 17th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $32.00 target price (up previously from $25.00) on shares of Blue Buffalo Pet Products in a research note on Wednesday, September 27th. Finally, Citigroup Inc. reaffirmed a “top pick” rating on shares of Blue Buffalo Pet Products in a research note on Saturday, September 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.55.

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Shares of Blue Buffalo Pet Products (NASDAQ:BUFF) traded down $0.66 during mid-day trading on Friday, reaching $27.24. 2,245,383 shares of the company’s stock traded hands, compared to its average volume of 1,489,493. The company has a current ratio of 5.05, a quick ratio of 4.25 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $5,369.66, a price-to-earnings ratio of 32.43, a PEG ratio of 1.97 and a beta of 1.94. Blue Buffalo Pet Products has a one year low of $21.51 and a one year high of $29.84.

Blue Buffalo Pet Products declared that its board has approved a stock buyback plan on Tuesday, August 8th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to buy up to 1.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

In other news, CFO Michael Nathenson sold 50,000 shares of the firm’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 transaction, the chief financial officer now owns 50,000 shares of the company’s stock, valued at $1,250,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider William W. Bishop, Jr. sold 21,655 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $28.78, for a total transaction of $623,230.90. The disclosure for this sale can be found here. In the last three months, insiders sold 229,927 shares of company stock valued at $5,965,929. Insiders own 7.70% of the company’s stock.

Large investors have recently modified their holdings of the stock. Advisor Group Inc. raised its holdings in Blue Buffalo Pet Products by 6.5% in the second quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock valued at $103,000 after acquiring an additional 277 shares in the last quarter. Wellington Management Group LLP raised its holdings in Blue Buffalo Pet Products by 1.2% in the first quarter. Wellington Management Group LLP now owns 166,708 shares of the company’s stock valued at $3,834,000 after acquiring an additional 1,961 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Blue Buffalo Pet Products by 50.8% in the second quarter. Wells Fargo & Company MN now owns 2,133,359 shares of the company’s stock valued at $48,662,000 after acquiring an additional 718,438 shares in the last quarter. Marathon Asset Management LLP acquired a new stake in Blue Buffalo Pet Products in the second quarter valued at approximately $20,999,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in Blue Buffalo Pet Products by 19.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 415,310 shares of the company’s stock valued at $9,474,000 after acquiring an additional 68,305 shares in the last quarter. 88.28% of the stock is currently owned by hedge funds and other institutional investors.

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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