Blue Buffalo Pet Products (BUFF) Given Daily Coverage Optimism Rating of 0.28
News headlines about Blue Buffalo Pet Products (NASDAQ:BUFF) have been trending positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blue Buffalo Pet Products earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.3159003974313 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- GlaxoSmithKline plc (GSK) Swings on Assorted News – Blue Buffalo Pet Products, Inc. (BUFF) – Investing News Update (investingbizz.com)
- Blue Buffalo Reports Third Quarter 2017 Results – GlobeNewswire (press release) (globenewswire.com)
- Edited Transcript of BUFF earnings conference call or presentation 7-Nov-17 10:00pm GMT (finance.yahoo.com)
- Blue Buffalo Q3 earnings per share $0.27 (timesofindia.indiatimes.com)
- BRIEF-Blue Buffalo Q3 earnings per share $0.27 (reuters.com)
Several research firms have recently weighed in on BUFF. J P Morgan Chase & Co cut Blue Buffalo Pet Products from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 17th. Zacks Investment Research upgraded Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Tuesday, October 10th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $32.00 price target (up previously from $25.00) on shares of Blue Buffalo Pet Products in a research note on Wednesday, September 27th. 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 Friday, October 20th. Finally, Sanford C. Bernstein initiated coverage on Blue Buffalo Pet Products in a research report on Wednesday, September 13th. They set a “market perform” rating and a $29.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.60.
Blue Buffalo Pet Products (NASDAQ:BUFF) opened at $26.50 on Wednesday. The firm has a market capitalization of $5,351.91, a PE ratio of 32.32, a PEG ratio of 1.96 and a beta of 1.94. The company has a debt-to-equity ratio of 1.64, a current ratio of 5.05 and a quick ratio of 4.25. Blue Buffalo Pet Products has a one year low of $21.51 and a one year high of $29.84.
Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Blue Buffalo Pet Products had a return on equity of 98.02% and a net margin of 12.13%. The company had revenue of $340.85 million during the quarter, compared to analyst estimates of $323.05 million. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. research analysts forecast that Blue Buffalo Pet Products will post 0.92 EPS for the current year.
Blue Buffalo Pet Products announced that its board has initiated a stock repurchase plan on Tuesday, August 8th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, CFO Michael Nathenson sold 50,000 shares of the firm’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 value of $1,250,000.00. Following the completion of the sale, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at approximately $1,250,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William W. Bishop, Jr. sold 21,200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $28.58, for a total value of $605,896.00. Following the completion of the sale, the insider now directly owns 655,090 shares of the company’s stock, valued at $18,722,472.20. The disclosure for this sale can be found here. Insiders sold a total of 229,927 shares of company stock valued at $5,965,929 over the last ninety days. Corporate insiders own 7.70% of the company’s stock.
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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.
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