Blue Buffalo Pet Products (NASDAQ:BUFF) Earns Daily Coverage Optimism Score of 0.22
Headlines about Blue Buffalo Pet Products (NASDAQ:BUFF) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Blue Buffalo Pet Products earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.2491974807185 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s analysis:
- Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) Issues Quarterly Earnings Results (campdesrecrues.com)
- Stock On the Run: Blue Buffalo Pet Products, Inc. (BUFF) (expressnewsline.com)
- Blue Buffalo Pet Products’ (BUFF) “Buy” Rating Reaffirmed at Barclays PLC (americanbankingnews.com)
- Quick Analysis after Reviving Quick Ratio: Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF), Praxair, Inc. (NYSE:PX) – Investing News Update (investingbizz.com)
- Pre-Market Technical Pulse on Food Stocks — Blue Buffalo Pet Products, Kraft Heinz, Pilgrim’s Pride, and Lamb Weston – PR Newswire (press release) (prnewswire.com)
Blue Buffalo Pet Products (NASDAQ BUFF) opened at 23.70 on Friday. The firm’s 50-day moving average price is $22.61 and its 200 day moving average price is $23.70. Blue Buffalo Pet Products has a 52 week low of $21.51 and a 52 week high of $26.74. The company has a market capitalization of $4.67 billion, a PE ratio of 33.38 and a beta of 1.95.
Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $294.80 million for the quarter, compared to analysts’ expectations of $301.88 million. Blue Buffalo Pet Products had a return on equity of 98.02% and a net margin of 12.13%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. Equities research analysts expect that Blue Buffalo Pet Products will post $0.92 earnings per share for the current fiscal year.
Blue Buffalo Pet Products announced that its Board of Directors has authorized a stock buyback program on Tuesday, August 8th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 1.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of brokerages recently issued reports on BUFF. Imperial Capital began coverage on Blue Buffalo Pet Products in a report on Wednesday, June 28th. They issued an “outperform” rating and a $30.00 target price on the stock. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $25.00 target price (down from $29.00) on shares of Blue Buffalo Pet Products in a report on Thursday. Zacks Investment Research upgraded Blue Buffalo Pet Products from a “sell” rating to a “hold” rating in a report on Thursday. Barclays PLC reiterated a “buy” rating and issued a $27.00 target price on shares of Blue Buffalo Pet Products in a report on Friday. Finally, BidaskClub cut Blue Buffalo Pet Products from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Blue Buffalo Pet Products currently has a consensus rating of “Buy” and an average price target of $27.00.
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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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