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Share Buyback Plan Approved by Blue Buffalo Pet Products (NASDAQ:BUFF)

10 August 2017

The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 21 cents per share. The average 12-month price target among analysts that have issued a report on the stock in the previous year is $27.25. "(BUFF) Issues FY17 Earnings Guidance" was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. Finally, Zacks Investment Research cut Blue Buffalo Pet Products from a hold rating to a strong sell rating in a research report on Tuesday, July 11th.

Blue Buffalo Pet Products, Inc. had its "positive" rating reiterated by analysts at Susquehanna. Stocks with higher EPS growth rates are generally more preferred by investors than those with slower earnings-per-share growth rates, though in general high growth rates have a propensity to revert over the longer term to more even growth rates. (NASDAQ:BUFF) had its price objective upped by J P Morgan Chase & Co from $25.00 to $26.00 in a report released on Wednesday. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and worldwide copyright & trademark legislation.

Blue Buffalo Pet Products, Inc. Equities research analysts predict that Blue Buffalo Pet Products, Inc. will post $0.92 EPS for the current fiscal year. The stock had a trading volume of 5,709,798 shares. Company chares are trading at $21.79 a tad below the 50 day moving average which is $22.89 and which is a tad under the 200 day moving average of $23.84.

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The company now has a P/E ratio of 32.13 and the market cap is 4.30B.

After the giving short look at one day return of Blue Buffalo Pet Products, Inc. The stock of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) has "Outperform" rating given on Tuesday, September 15 by Wells Fargo. Net profit margin of the company was recorded at 11.7 percent, operating profit margin was 19.6 percent, whereas gross profit margin stands at 45.3 percent. The company had revenue of $294.80 million for the quarter, compared to analysts' expectations of $301.88 million. During the same quarter in the prior year, the firm posted $0.19 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis.

The share price of Blue Buffalo Pet Products, Inc. Blue Buffalo Pet Products, Inc.is now trading -2.87% below its 20-day and -8.16% versus the 200-day simple moving averages while -4.78% compared with its 50-day simple moving average.

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The company is now down since yesterday's close of $21.98. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued. Hedge funds and other institutional investors own 88.92% of the company's stock. Bank of New York Mellon Corp increased its stake in shares of Blue Buffalo Pet Products by 50.3% in the second quarter. The company was maintained on Wednesday, August 2 by Oppenheimer. Finally, Imperial Capital assumed coverage on Blue Buffalo Pet Products in a research note on Wednesday, June 28th. Neuberger Berman Group LLC now owns 4,914,387 shares of the company's stock worth $113,031,000 after buying an additional 489,439 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Blue Buffalo Pet Products by 69.8% in the first quarter. (NASDAQ:CAR) persists its position slightly strong in context of buying side, while shares price moved down -9.88% during latest trading session. Fox Run Management L.L.C. purchased a new position in Blue Buffalo Pet Products during the second quarter valued at $675,000. Apertura Capital, LLC now holds 125,000 shares valued at $2,851,000.

Blue Buffalo Pet Products, Inc.is a holding company. The Company operates as a pet food company.

Blue Buffalo Pet Products, Inc.is a holding company.

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Share Buyback Plan Approved by Blue Buffalo Pet Products (NASDAQ:BUFF)