Blue Buffalo Pet Products (NASDAQ:BUFF) received a $41.00 target price from analysts at Susquehanna Bancshares in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock. Susquehanna Bancshares’ target price points to a potential upside of 28.65% from the company’s previous close.
BUFF has been the topic of a number of other reports. Robert W. Baird reiterated a “hold” rating and set a $23.00 price target on shares of Blue Buffalo Pet Products in a research note on Friday, September 1st. 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. Citigroup reiterated a “top pick” rating on shares of Blue Buffalo Pet Products in a research note on Saturday, September 16th. BidaskClub lowered shares of Blue Buffalo Pet Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. Finally, Deutsche Bank lowered shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Blue Buffalo Pet Products presently has an average rating of “Buy” and an average price target of $31.25.
Blue Buffalo Pet Products (BUFF) traded up $0.16 during midday trading on Friday, reaching $31.87. 448,100 shares of the company’s stock were exchanged, compared to its average volume of 1,410,117. The company has a current ratio of 4.22, a quick ratio of 3.62 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $6,191.79, a price-to-earnings ratio of 35.63, a PEG ratio of 2.17 and a beta of 1.95. Blue Buffalo Pet Products has a one year low of $21.51 and a one year high of $32.67.
In other Blue Buffalo Pet Products news, CEO William W. Bishop, Jr. sold 3,180 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $28.02, for a total transaction of $89,103.60. Following the transaction, the chief executive officer now directly owns 648,730 shares in the company, valued at $18,177,414.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William W. Bishop, Jr. sold 21,200 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $28.58, for a total transaction of $605,896.00. Following the transaction, the insider now owns 655,090 shares in the company, valued at $18,722,472.20. The disclosure for this sale can be found here. Insiders have sold 88,435 shares of company stock worth $2,652,771 over the last 90 days. 7.70% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. grew its position in Blue Buffalo Pet Products by 6.5% during the second quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock worth $103,000 after buying an additional 277 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Blue Buffalo Pet Products in the second quarter valued at about $138,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Blue Buffalo Pet Products by 9.6% in the second 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 in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Blue Buffalo Pet Products by 62.9% in the third quarter. Envestnet Asset Management Inc. now owns 6,462 shares of the company’s stock valued at $184,000 after purchasing an additional 2,494 shares in the last quarter. Finally, Turner Investments LLC purchased a new stake in shares of Blue Buffalo Pet Products in the third quarter valued at about $184,000. Institutional investors own 94.77% 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.
