Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $29.50.

Several brokerages recently issued reports on BUFF. Oppenheimer reaffirmed an “outperform” rating and set a $25.00 price target (down from $29.00) on shares of Blue Buffalo Pet Products in a report on Thursday, August 10th. Gabelli began coverage on shares of Blue Buffalo Pet Products in a report on Wednesday, September 6th. They set a “buy” rating and a $33.00 price target on the stock. Susquehanna Bancshares lifted their price target on shares of Blue Buffalo Pet Products from $30.00 to $32.00 and gave the company a “positive” rating in a report on Thursday, September 21st. Zacks Investment Research raised shares of Blue Buffalo Pet Products from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, BidaskClub raised shares of Blue Buffalo Pet Products from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd.

Blue Buffalo Pet Products (NASDAQ:BUFF) traded up $0.27 during mid-day trading on Thursday, reaching $31.70. 1,025,091 shares of the company’s stock traded hands, compared to its average volume of 1,417,492. The company has a current ratio of 4.22, a quick ratio of 3.62 and a debt-to-equity ratio of 1.61. Blue Buffalo Pet Products has a 52-week low of $21.51 and a 52-week high of $31.77. The company has a market cap of $5,984.81, a price-to-earnings ratio of 34.44, a P/E/G ratio of 2.31 and a beta of 1.95.

Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $340.85 million for the quarter, compared to analyst estimates of $323.05 million. Blue Buffalo Pet Products had a net margin of 14.17% and a return on equity of 86.23%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 EPS. equities research analysts forecast that Blue Buffalo Pet Products will post 0.91 EPS for the current fiscal year.

In other Blue Buffalo Pet Products news, insider William W. Bishop, Jr. sold 21,200 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $30.70, for a total transaction of $650,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William W. Bishop, Jr. sold 21,655 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The stock was 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. Insiders have sold a total of 67,235 shares of company stock worth $1,969,071 over the last three months. Insiders own 7.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NGAM Advisors L.P. grew its holdings in Blue Buffalo Pet Products by 0.4% during the 2nd quarter. NGAM Advisors L.P. now owns 27,961 shares of the company’s stock worth $638,000 after acquiring an additional 105 shares during the last quarter. ETRADE Capital Management LLC lifted its position in shares of Blue Buffalo Pet Products by 0.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 32,243 shares of the company’s stock worth $735,000 after purchasing an additional 114 shares during the period. Advisor Group Inc. lifted its position in shares of Blue Buffalo Pet Products by 6.5% in the 2nd quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock worth $103,000 after purchasing an additional 277 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Blue Buffalo Pet Products by 9.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,070 shares of the company’s stock worth $138,000 after purchasing an additional 533 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Blue Buffalo Pet Products by 1.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 51,625 shares of the company’s stock worth $1,178,000 after purchasing an additional 730 shares during the period. 95.24% of the stock is currently owned by hedge funds and other institutional investors.

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About Blue Buffalo Pet Products

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.

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

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