Wall Street analysts forecast that Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) will post earnings of $0.21 per share for the current quarter, according to Zacks. Six analysts have issued estimates for Blue Buffalo Pet Products’ earnings. The highest EPS estimate is $0.24 and the lowest is $0.20. Blue Buffalo Pet Products posted earnings per share of $0.18 in the same quarter last year, which would indicate a positive year over year growth rate of 16.7%. The business is expected to report its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Blue Buffalo Pet Products will report full year earnings of $0.91 per share for the current financial year, with EPS estimates ranging from $0.90 to $0.92. For the next financial year, analysts expect that the company will report earnings of $1.02 per share, with EPS estimates ranging from $0.98 to $1.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Blue Buffalo Pet Products.

Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its 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 91.93% and a net margin of 14.17%. The business had revenue of $340.85 million during the quarter, compared to analyst estimates of $323.05 million. During the same period in the previous year, the company posted $0.22 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year.

A number of analysts recently commented on BUFF shares. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $32.00 target price (up from $25.00) on shares of Blue Buffalo Pet Products in a research report on Wednesday, September 27th. Susquehanna Bancshares Inc boosted their target price 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. Zacks Investment Research raised Blue Buffalo Pet Products from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. 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 target price for the company. Finally, BidaskClub upgraded Blue Buffalo Pet Products from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.80.

Shares of Blue Buffalo Pet Products (BUFF) traded up $0.79 during trading on Friday, reaching $27.18. The company had a trading volume of 1,852,738 shares, compared to its average volume of 1,427,015. Blue Buffalo Pet Products has a twelve month low of $21.51 and a twelve month high of $29.84. The company has a market cap of $5,370.00 and a price-to-earnings ratio of 30.14. 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 declared that its board has initiated a share repurchase plan on Tuesday, August 8th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to buy up to 1.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

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In other news, insider William W. Bishop, Jr. sold 21,655 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $28.78, for a total value of $623,230.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider William W. Bishop, Jr. sold 21,200 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $28.58, for a total value of $605,896.00. Following the completion of the transaction, the insider now owns 655,090 shares in the company, valued at approximately $18,722,472.20. The disclosure for this sale can be found here. Insiders have sold a total of 229,927 shares of company stock valued at $5,965,929 in the last quarter. Company insiders own 7.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of Blue Buffalo Pet Products by 6.5% in the 2nd quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock worth $103,000 after buying an additional 277 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Blue Buffalo Pet Products in the 2nd quarter worth approximately $138,000. The Manufacturers Life Insurance Company boosted its stake 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 worth $138,000 after buying an additional 533 shares during the last quarter. First Mercantile Trust Co. boosted its stake in shares of Blue Buffalo Pet Products by 29.0% in the 2nd quarter. First Mercantile Trust Co. now owns 7,539 shares of the company’s stock worth $172,000 after buying an additional 1,693 shares during the last quarter. Finally, Turner Investments LLC purchased a new position in shares of Blue Buffalo Pet Products in the 3rd quarter worth approximately $184,000. Hedge funds and other institutional investors own 88.90% 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.

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

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