Blue Buffalo Pet Products (BUFF) Reaches New 12-Month High at $33.16

Blue Buffalo Pet Products Inc (NASDAQ:BUFF) hit a new 52-week high on Friday . The stock traded as high as $33.16 and last traded at $32.60, with a volume of 2168900 shares changing hands. The stock had previously closed at $32.45.

Several equities research analysts have recently weighed in on BUFF shares. Susquehanna Bancshares set a $34.00 price target on Blue Buffalo Pet Products and gave the company a “buy” rating in a research report on Friday, October 20th. BidaskClub upgraded Blue Buffalo Pet Products from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Zacks Investment Research cut Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Wells Fargo & Co upgraded Blue Buffalo Pet Products to a “buy” rating and set a $36.00 price target on the stock in a research report on Friday, December 8th. Finally, Deutsche Bank cut shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Blue Buffalo Pet Products currently has an average rating of “Buy” and an average target price of $31.25.

The stock has a market capitalization of $6,467.11, a PE ratio of 37.21, a P/E/G ratio of 1.95 and a beta of 1.95. The company has a current ratio of 4.22, a quick ratio of 3.62 and a debt-to-equity ratio of 1.61.

Blue Buffalo Pet Products (NASDAQ:BUFF) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $340.85 million during the quarter, compared to analyst estimates of $323.05 million. Blue Buffalo Pet Products had a return on equity of 86.23% and a net margin of 14.17%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. equities analysts expect that Blue Buffalo Pet Products Inc will post 0.91 earnings per share for the current fiscal year.

In other news, insider William W. Bishop, Jr. sold 21,655 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $28.78, for a total transaction of $623,230.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Nathenson sold 62,708 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $32.72, for a total value of $2,051,805.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,523 shares of company stock valued at $5,495,156. Insiders own 7.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Aurora Investment Counsel purchased a new stake in shares of Blue Buffalo Pet Products during the fourth quarter valued at approximately $3,015,000. California Public Employees Retirement System boosted its stake in shares of Blue Buffalo Pet Products by 2.0% during the third quarter. California Public Employees Retirement System now owns 144,500 shares of the company’s stock valued at $4,097,000 after purchasing an additional 2,800 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Blue Buffalo Pet Products during the third quarter valued at approximately $47,841,000. Asset Management One Co. Ltd. purchased a new stake in Blue Buffalo Pet Products in the third quarter worth $781,000. Finally, Royce & Associates LP purchased a new stake in Blue Buffalo Pet Products in the third quarter worth $3,119,000. 94.77% of the stock is owned by hedge funds and other institutional investors.

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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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