Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) – Research analysts at Oppenheimer Holdings issued their FY2019 EPS estimates for Blue Buffalo Pet Products in a research report issued on Wednesday. Oppenheimer Holdings analyst R. Parikh expects that the company will earn $1.18 per share for the year. Oppenheimer Holdings has a “Buy” rating and a $32.00 price objective on the stock.

A number of other brokerages have also commented on BUFF. BidaskClub lowered Blue Buffalo Pet Products from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Susquehanna Bancshares Inc raised their price objective on Blue Buffalo Pet Products from $30.00 to $32.00 and gave the company a “positive” rating in a research report on Thursday, September 21st. Imperial Capital initiated coverage on Blue Buffalo Pet Products in a research report on Wednesday, June 28th. They set an “outperform” rating and a $30.00 price objective for the company. Zacks Investment Research raised Blue Buffalo Pet Products from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Robert W. Baird initiated coverage on Blue Buffalo Pet Products in a research report on Monday, July 24th. They issued a “neutral” rating and a $23.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $28.82.

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Blue Buffalo Pet Products (NASDAQ BUFF) traded down 0.70% on Thursday, reaching $28.35. The company’s stock had a trading volume of 1,407,178 shares. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 39.93 and a beta of 1.91. Blue Buffalo Pet Products has a 1-year low of $21.60 and a 1-year high of $28.58. The stock has a 50 day moving average price of $25.93 and a 200-day moving average price of $25.93.

Blue Buffalo Pet Products (NASDAQ:BUFF) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Buffalo Pet Products had a return on equity of 98.02% and a net margin of 12.13%. The company had revenue of $294.80 million for the quarter, compared to analyst estimates of $301.88 million. During the same period last year, the company posted $0.19 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year.

Blue Buffalo Pet Products declared that its board has approved a share buyback program on Tuesday, August 8th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 1.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

In related news, CFO Michael Nathenson sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $25.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares in the company, valued at approximately $1,250,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 187,072 shares of company stock valued at $4,736,802. 7.70% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in BUFF. FNY Partners Fund LP grew its stake in shares of Blue Buffalo Pet Products by 63.7% during the 1st quarter. FNY Partners Fund LP now owns 4,500 shares of the company’s stock valued at $103,000 after acquiring an additional 1,751 shares during the period. Advisor Group Inc. grew its stake 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 valued at $103,000 after acquiring an additional 277 shares during the period. SG Americas Securities LLC bought a new position in shares of Blue Buffalo Pet Products during the 2nd quarter valued at approximately $138,000. The Manufacturers Life Insurance Company grew its stake 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 valued at $138,000 after acquiring an additional 533 shares during the period. Finally, US Bancorp DE grew its stake in shares of Blue Buffalo Pet Products by 38.5% during the 1st quarter. US Bancorp DE now owns 7,193 shares of the company’s stock valued at $165,000 after acquiring an additional 2,000 shares during the period. Institutional investors own 88.74% of the company’s stock.

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.

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

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