Baird Begins Coverage on Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF)

Bruno Cirelli
Agosto 6, 2017

Wellington Management Group LLP boosted its stake in shares of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) have received an average rating of "Hold" from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. They set an "outperform" rating and a $30.00 price target on the stock. Baird's price objective would suggest a potential upside of 6.63% from the stock's previous close.

BUFF has been the subject of several other reports. Oppenheimer maintained Blue Buffalo Pet Products Inc (NASDAQ:BUFF) on Wednesday, August 2 with "Buy" rating. Imperial Capital initiated coverage on shares of Blue Buffalo Pet Products in a research note on Wednesday, June 28th.

Several analysts recently issued reports on the company. Susquehanna Bancshares Inc restated a "positive" rating on shares of Blue Buffalo Pet Products in a research report on Thursday, April 20th. Finally, Citigroup Inc. upgraded shares of Blue Buffalo Pet Products from a "buy" rating to a "top pick" rating in a research note on Tuesday, April 18th. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. On October 5, 2016 DA Davidson started coverage with an initial rating of "Buy" and price target of $29.00.

Among 12 analysts covering Blue Buffalo Pet Products (NASDAQ:BUFF), 9 have Buy rating, 0 Sell and 3 Hold. The fund purchased 19,700 shares of the company's stock, valued at approximately $449,000. The corporation has a market cap of US$4.43 Billion. Blue Buffalo Pet Products has $34 highest and $22 lowest target. Blue Buffalo Pet Products had 23 analyst reports since August 17, 2015 according to SRatingsIntel. In the last earnings report the EPS was $0.68 and is estimated to be $0.92 for the current year with 196,815,000 shares now outstanding. The business had revenue of $302 million during the quarter, compared to the consensus estimate of $300.27 million. 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. The firm's revenue was up 7.9% compared to the same quarter past year. During the same period in the prior year, the company earned $0.19 earnings per share. Equities analysts anticipate that Blue Buffalo Pet Products will post $0.92 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another website, it was copied illegally and reposted in violation of USA and worldwide copyright & trademark legislation. Blue Buffalo Pet Products, Inc.is headquartered in Wilton, Connecticut.

A number of large investors have recently made changes to their positions in the company.

Blue Buffalo Pet Products, Inc. shares had a trading volume of 2,387K in the last trading session. State Board of Administration of Florida Retirement System now owns 51,625 shares of the company's stock valued at $1,178,000 after buying an additional 730 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Blue Buffalo Pet Products by 16.4% in the fourth quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

The stock of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) is a huge mover today! As of the end of the quarter Kbc Group Nv had disposed of a total of 1,433 shares trimming its position 8.8%. Parametrica Management Ltd purchased a new stake in shares of Blue Buffalo Pet Products during the first quarter worth about $440,000. FNY Partners Fund LP now owns 4,500 shares of the company's stock valued at $103,000 after buying an additional 1,751 shares during the last quarter. More interesting news about Blue Buffalo Pet Products Inc (NASDAQ:BUFF) was released by: Prnewswire.com and their article: "Initiating Research Reports on Food Equities - Blue Buffalo Pet Products ..." with publication date: June 28, 2017.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE