Blue Buffalo Pet Products Inc. (NASDAQ:BUFF) – Equities research analysts at Oppenheimer Holdings raised their FY2016 earnings per share estimates for shares of Blue Buffalo Pet Products in a research note issued on Thursday. Oppenheimer Holdings analyst R. Parikh now forecasts that the firm will post earnings per share of $0.78 for the year, up from their prior forecast of $0.76. Oppenheimer Holdings currently has a “Outperform” rating and a $30.00 target price on the stock. Oppenheimer Holdings also issued estimates for Blue Buffalo Pet Products’ Q4 2016 earnings at $0.17 EPS, FY2017 earnings at $0.87 EPS and FY2018 earnings at $0.97 EPS.

Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its earnings results on Thursday, November 10th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. Blue Buffalo Pet Products had a return on equity of 321.89% and a net margin of 9.38%. The company earned $288 million during the quarter, compared to the consensus estimate of $290.29 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis.

Earnings History and Estimates for Blue Buffalo Pet Products (NASDAQ:BUFF)

Other equities research analysts also recently issued research reports about the company. Wedbush reiterated a “neutral” rating and set a $25.00 price target (up previously from $24.00) on shares of Blue Buffalo Pet Products in a report on Wednesday, August 10th. Zacks Investment Research downgraded Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. JPMorgan Chase & Co. upped their price target on Blue Buffalo Pet Products from $28.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. DA Davidson reiterated a “buy” rating and set a $29.00 price target on shares of Blue Buffalo Pet Products in a report on Monday, November 7th. Finally, Deutsche Bank AG upped their price target on Blue Buffalo Pet Products from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Blue Buffalo Pet Products presently has a consensus rating of “Buy” and an average price target of $29.50.

Shares of Blue Buffalo Pet Products (NASDAQ:BUFF) opened at 23.29 on Monday. The firm has a market cap of $4.57 billion, a P/E ratio of 42.35 and a beta of 2.27. The stock’s 50 day moving average price is $24.52 and its 200-day moving average price is $25.12. Blue Buffalo Pet Products has a 12-month low of $15.19 and a 12-month high of $27.50.

In other news, Director L.P. Invus sold 12,512,124 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $24.83, for a total transaction of $310,676,038.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kurt Schmidt sold 50,000 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $24.83, for a total value of $1,241,500.00. Following the transaction, the chief executive officer now owns 103,571 shares of the company’s stock, valued at approximately $2,571,667.93. The disclosure for this sale can be found here. 10.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of BUFF. Morgan Stanley increased its position in Blue Buffalo Pet Products by 206.4% in the third quarter. Morgan Stanley now owns 1,055,520 shares of the company’s stock valued at $25,079,000 after buying an additional 711,000 shares during the last quarter. Pacer Advisors Inc. increased its position in Blue Buffalo Pet Products by 34.4% in the third quarter. Pacer Advisors Inc. now owns 10,518 shares of the company’s stock valued at $250,000 after buying an additional 2,690 shares during the last quarter. Argent Capital Management LLC increased its position in Blue Buffalo Pet Products by 9.1% in the third quarter. Argent Capital Management LLC now owns 17,580 shares of the company’s stock valued at $418,000 after buying an additional 1,470 shares during the last quarter. Northern Trust Corp increased its position in Blue Buffalo Pet Products by 74.5% in the third quarter. Northern Trust Corp now owns 398,335 shares of the company’s stock valued at $9,465,000 after buying an additional 170,017 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its position in Blue Buffalo Pet Products by 16.5% in the third quarter. TimesSquare Capital Management LLC now owns 1,501,100 shares of the company’s stock valued at $35,666,000 after buying an additional 212,600 shares during the last quarter. Institutional investors own 91.94% of the company’s stock.

Blue Buffalo Pet Products Company Profile

Blue Buffalo Pet Products, Inc (BBPP) is a holding company. The Company, through its subsidiaries, develops, produces, markets and sells pet food under the BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines. Blue Buffalo Company, Ltd. (Blue), Blue Buffalo Import Mexico, S.

5 Day Chart for NASDAQ:BUFF

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