Zacks: Brokerages Expect Blue Buffalo Pet Products Inc (BUFF) Will Announce Quarterly Sales of $319.42 Million

Wall Street analysts expect that Blue Buffalo Pet Products Inc (NASDAQ:BUFF) will post $319.42 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Blue Buffalo Pet Products’ earnings, with estimates ranging from $314.45 million to $324.10 million. Blue Buffalo Pet Products reported sales of $295.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.2%. The business is scheduled to issue its next earnings results after the market closes on Tuesday, February 27th.

On average, analysts expect that Blue Buffalo Pet Products will report full-year sales of $319.42 million for the current year, with estimates ranging from $1.25 billion to $1.27 billion. For the next financial year, analysts expect that the business will post sales of $1.38 billion per share, with estimates ranging from $1.34 billion to $1.40 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Blue Buffalo Pet Products.

Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. Blue Buffalo Pet Products had a return on equity of 86.23% and a net margin of 14.17%. The company had revenue of $340.85 million for the quarter, compared to analyst estimates of $323.05 million. During the same quarter in the previous year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year.

BUFF has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Tuesday, October 10th. JPMorgan Chase & Co. downgraded shares of Blue Buffalo Pet Products from an “overweight” rating to a “neutral” rating in a research report on Tuesday, October 17th. Susquehanna Bancshares set a $34.00 price target on shares of Blue Buffalo Pet Products and gave the company a “buy” rating in a research report on Friday, October 20th. Oppenheimer reiterated a “buy” rating and set a $32.00 price target on shares of Blue Buffalo Pet Products in a research report on Monday, November 6th. Finally, Barclays reiterated a “buy” rating and set a $29.00 price target on shares of Blue Buffalo Pet Products in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $32.54.

Shares of Blue Buffalo Pet Products (BUFF) opened at $33.26 on Friday. Blue Buffalo Pet Products has a twelve month low of $21.51 and a twelve month high of $34.31. The company has a debt-to-equity ratio of 1.61, a current ratio of 4.22 and a quick ratio of 3.62. The firm has a market capitalization of $6,670.19, a P/E ratio of 38.38, a price-to-earnings-growth ratio of 2.01 and a beta of 1.83.

In related news, CFO Michael Nathenson sold 62,708 shares of Blue Buffalo Pet Products stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $32.72, for a total transaction of $2,051,805.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William W. Bishop, Jr. sold 3,180 shares of Blue Buffalo Pet Products stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $28.02, for a total value of $89,103.60. Following the transaction, the chief executive officer now owns 648,730 shares of the company’s stock, valued at $18,177,414.60. The disclosure for this sale can be found here. Insiders have sold a total of 175,068 shares of company stock valued at $5,673,921 over the last 90 days. Insiders own 7.70% of the company’s stock.

Several institutional investors have recently modified their holdings of BUFF. Advisor Group Inc. raised 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 worth $103,000 after purchasing an additional 277 shares during the last quarter. The Manufacturers Life Insurance Company raised 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 worth $138,000 after purchasing an additional 533 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Blue Buffalo Pet Products by 44.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,388 shares of the company’s stock worth $177,000 after purchasing an additional 1,656 shares during the last quarter. Turner Investments LLC acquired a new position in shares of Blue Buffalo Pet Products during the 3rd quarter worth approximately $184,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Blue Buffalo Pet Products by 62.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,462 shares of the company’s stock worth $184,000 after purchasing an additional 2,494 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

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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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