Somewhat Favorable News Coverage Somewhat Unlikely to Affect Blue Buffalo Pet Products (BUFF) Share Price
Headlines about Blue Buffalo Pet Products (NASDAQ:BUFF) have been trending somewhat positive on Thursday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Blue Buffalo Pet Products earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.6153041807971 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Insider Selling: Blue Buffalo Pet Products Inc (BUFF) Insider Sells 21,200 Shares of Stock (americanbankingnews.com)
- Dec 14, 2017 – Polar Securities Inc. Buys iShares Russell 2000 … – GuruFocus.com (gurufocus.com)
- Stocks Creates Investor’s Concerns: Parsley Energy, Inc. (NYSE:PE), Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) – Investing News Update (investingbizz.com)
- Benzinga’s Top Upgrades, Downgrades For December 14, 2017 – Benzinga (benzinga.com)
- $319.42 Million in Sales Expected for Blue Buffalo Pet Products Inc (BUFF) This Quarter (americanbankingnews.com)
Several brokerages recently issued reports on BUFF. Barclays restated a “buy” rating and set a $29.00 target price on shares of Blue Buffalo Pet Products in a research report on Friday, November 10th. J P Morgan Chase & Co upped their price target on shares of Blue Buffalo Pet Products from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, August 21st. Zacks Investment Research lowered shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Deutsche Bank lowered shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a research report on Wednesday. Finally, BidaskClub upgraded shares of Blue Buffalo Pet Products from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $30.67.
Blue Buffalo Pet Products (BUFF) traded down $0.28 on Thursday, hitting $31.96. 1,187,027 shares of the company’s stock were exchanged, compared to its average volume of 1,417,409. The company has a market capitalization of $6,240.00 and a price-to-earnings ratio of 36.22. Blue Buffalo Pet Products has a fifty-two week low of $21.51 and a fifty-two week high of $32.67. 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 issued its earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. Blue Buffalo Pet Products had a net margin of 14.17% and a return on equity of 86.23%. The firm had revenue of $340.85 million during the quarter, compared to analyst estimates of $323.05 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. Blue Buffalo Pet Products’s revenue for the quarter was up 18.4% on a year-over-year basis. equities research analysts expect that Blue Buffalo Pet Products will post 0.91 EPS for the current year.
In related news, CEO William W. Bishop, Jr. sold 3,180 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $28.02, for a total transaction of $89,103.60. Following the completion of the transaction, the chief executive officer now owns 648,730 shares in the company, valued at $18,177,414.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William W. Bishop, Jr. sold 21,655 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $28.78, for a total transaction of $623,230.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,435 shares of company stock valued at $2,652,771. 7.70% of the stock is owned by company insiders.
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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