Blue Buffalo Pet Products (BUFF) Earns Daily News Impact Score of 0.09
Media coverage about Blue Buffalo Pet Products (NASDAQ:BUFF) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blue Buffalo Pet Products earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.9759775592447 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
- Amplify Snack Brands : Technical Reports on Food Equities — Blue Buffalo Pet Products, Pilgrim’s Pride, Kraft Heinz, and Amplify Snack Brands (4-traders.com)
- Short Interest in Blue Buffalo Pet Products, Inc. (BUFF) Rises By 34.7% (americanbankingnews.com)
- Sanford C. Bernstein Initiates Coverage on Blue Buffalo Pet Products, Inc. (BUFF) (americanbankingnews.com)
- PETIQ INC (PETQ) vs. Blue Buffalo Pet Products (BUFF) Head-To-Head Analysis (americanbankingnews.com)
- PETIQ INC (PETQ) & Blue Buffalo Pet Products (BUFF) Financial Review (americanbankingnews.com)
Shares of Blue Buffalo Pet Products (NASDAQ BUFF) opened at 25.59 on Friday. Blue Buffalo Pet Products has a 52-week low of $21.60 and a 52-week high of $26.39. The company has a 50 day moving average of $25.81 and a 200-day moving average of $25.17. The company has a market cap of $5.05 billion, a PE ratio of 36.05 and a beta of 1.91.
Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The business had revenue of $294.80 million during 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%. Blue Buffalo Pet Products’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. Analysts forecast that Blue Buffalo Pet Products will post $0.92 EPS for the current fiscal year.
Blue Buffalo Pet Products announced that its board has initiated a share repurchase plan on Tuesday, August 8th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Several analysts have commented on BUFF shares. TheStreet upgraded shares of Blue Buffalo Pet Products from a “c” rating to a “b-” rating in a research report on Friday, August 11th. Susquehanna Bancshares Inc set a $32.00 target price on shares of Blue Buffalo Pet Products and gave the company a “buy” rating in a research report on Thursday, May 25th. Barclays PLC reiterated a “buy” rating and set a $27.00 target price on shares of Blue Buffalo Pet Products in a research report on Friday, August 11th. Gabelli started coverage on shares of Blue Buffalo Pet Products in a research report on Wednesday, September 6th. They set a “buy” rating and a $33.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $28.00.
In related news, CFO Michael Nathenson sold 50,000 shares of Blue Buffalo Pet Products stock in a transaction on Monday, August 21st. The stock was sold at an average price of $25.00, for a total transaction of $1,250,000.00. Following the completion of the sale, the chief financial officer now owns 50,000 shares of the company’s stock, valued at $1,250,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 187,072 shares of company stock valued at $4,736,802. Insiders own 7.70% 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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