Blue Buffalo Pet Products (BUFF) Given a $41.00 Price Target at Susquehanna Bancshares

Blue Buffalo Pet Products (NASDAQ:BUFF) has been assigned a $41.00 price objective by research analysts at Susquehanna Bancshares in a research note issued on Thursday. The brokerage presently has a “buy” rating on the stock. Susquehanna Bancshares’ price objective suggests a potential upside of 25.46% from the company’s previous close.

A number of other analysts have also issued reports on the company. BidaskClub raised Blue Buffalo Pet Products from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Delafield Hambrecht lowered Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Deutsche Bank lowered 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. Wells Fargo & Co upgraded Blue Buffalo Pet Products to a “buy” rating and set a $36.00 price objective on the stock in a research report on Friday, December 8th. Finally, Barclays reiterated a “buy” rating and set a $29.00 price objective 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, seven have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.25.

Shares of Blue Buffalo Pet Products (NASDAQ:BUFF) traded up $0.37 during trading hours on Thursday, hitting $32.68. The stock had a trading volume of 679,700 shares, compared to its average volume of 1,399,590. 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 $6,308.95, a price-to-earnings ratio of 37.56, a PEG ratio of 2.21 and a beta of 1.95. Blue Buffalo Pet Products has a 12-month low of $21.51 and a 12-month high of $32.89.

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

In other Blue Buffalo Pet Products news, insider William W. Bishop, Jr. sold 21,200 shares of Blue Buffalo Pet Products stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $32.25, for a total value of $683,700.00. Following the sale, the insider now owns 636,010 shares in the company, valued at $20,511,322.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William W. Bishop, Jr. sold 3,180 shares of Blue Buffalo Pet Products stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $28.02, for a total value of $89,103.60. Following the completion of the sale, the chief executive officer now owns 648,730 shares in the company, valued at approximately $18,177,414.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,435 shares of company stock worth $2,652,771. 7.70% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Advisor Group Inc. raised its position 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 purchasing an additional 277 shares during the period. The Manufacturers Life Insurance Company raised its holdings 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 valued at $138,000 after buying an additional 533 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Blue Buffalo Pet Products in the 2nd quarter valued at $138,000. Envestnet Asset Management Inc. raised its holdings in shares of Blue Buffalo Pet Products by 62.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,462 shares of the company’s stock valued at $184,000 after buying an additional 2,494 shares during the period. Finally, Turner Investments LLC purchased a new stake in shares of Blue Buffalo Pet Products in the 3rd quarter valued at $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.