Off Wall Street started coverage on shares of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) in a research report report published on Wednesday. The brokerage issued a sell rating on the stock.

Several other equities analysts have also issued reports on BUFF. Zacks Investment Research lowered Blue Buffalo Pet Products from a buy rating to a hold rating in a research report on Tuesday, February 28th. Susquehanna Bancshares Inc set a $34.00 price objective on Blue Buffalo Pet Products and gave the company a buy rating in a research report on Saturday, March 11th. Morgan Stanley lowered Blue Buffalo Pet Products from an overweight rating to an equal weight rating and set a $26.00 price objective for the company. in a research report on Friday, March 17th. Finally, Citigroup Inc. upgraded Blue Buffalo Pet Products from a buy rating to a top pick rating in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $29.11.

Shares of Blue Buffalo Pet Products (NASDAQ BUFF) opened at 22.26 on Wednesday. The firm has a market capitalization of $4.38 billion, a PE ratio of 32.74 and a beta of 1.97. The firm’s 50 day moving average is $23.93 and its 200-day moving average is $24.24. Blue Buffalo Pet Products has a one year low of $21.60 and a one year high of $27.50.

Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Blue Buffalo Pet Products had a return on equity of 122.62% and a net margin of 11.69%. The business had revenue of $302 million during the quarter, compared to analyst estimates of $300.27 million. During the same period in the previous year, the firm earned $0.19 EPS. Blue Buffalo Pet Products’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that Blue Buffalo Pet Products will post $0.92 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in BUFF. AQR Capital Management LLC purchased a new stake in Blue Buffalo Pet Products during the fourth quarter valued at approximately $485,000. Parametrica Management Ltd purchased a new stake in Blue Buffalo Pet Products during the first quarter valued at approximately $440,000. State Board of Administration of Florida Retirement System boosted its stake in Blue Buffalo Pet Products by 16.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 50,895 shares of the company’s stock valued at $1,224,000 after buying an additional 7,162 shares during the last quarter. Argent Capital Management LLC boosted its stake in Blue Buffalo Pet Products by 2.5% in the first quarter. Argent Capital Management LLC now owns 20,780 shares of the company’s stock valued at $478,000 after buying an additional 500 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Blue Buffalo Pet Products during the fourth quarter valued at approximately $134,000. Hedge funds and other institutional investors own 88.41% of the company’s stock.

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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