Somewhat Positive News Coverage Somewhat Unlikely to Impact Blue Buffalo Pet Products (BUFF) Stock Price
Press coverage about Blue Buffalo Pet Products (NASDAQ:BUFF) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Blue Buffalo Pet Products earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 44.9513150315688 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Blue Buffalo Pet Products (BUFF) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Recall Alert: Beware of These Dangerous and Toxic Pet Product Recalls (cheatsheet.com)
- President and CEO of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF), Bishop William W Jr, sells 3,180 shares worth $105,099 (empowerednews.net)
- Blue Buffalo Announces Fourth Quarter 2017 Earnings Conference Call (nasdaq.com)
- Blue Buffalo Announces Fourth Quarter 2017 Earnings Conference Call (finance.yahoo.com)
BUFF has been the topic of several recent research reports. Deutsche Bank downgraded Blue Buffalo Pet Products from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a report on Wednesday, December 13th. Wells Fargo & Co raised Blue Buffalo Pet Products to a “buy” rating and set a $36.00 price objective on the stock in a report on Friday, December 8th. Susquehanna Bancshares set a $41.00 price objective on Blue Buffalo Pet Products and gave the company a “buy” rating in a report on Friday, December 22nd. JPMorgan Chase & Co. downgraded Blue Buffalo Pet Products from an “overweight” rating to a “neutral” rating in a report on Tuesday, October 17th. Finally, Zacks Investment Research downgraded Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $31.58.
Shares of Blue Buffalo Pet Products (NASDAQ BUFF) traded up $0.26 during trading hours on Monday, reaching $33.48. The company had a trading volume of 1,929,600 shares, compared to its average volume of 1,190,000. The company has a market cap of $6,540.00 and a price-to-earnings ratio of 38.05. The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.62 and a current ratio of 4.22. Blue Buffalo Pet Products has a twelve month low of $21.51 and a twelve month high of $33.63.
Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The business 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%. Blue Buffalo Pet Products’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS. equities analysts anticipate that Blue Buffalo Pet Products will post 0.91 earnings per share for the current fiscal year.
In other news, CEO William W. Bishop, Jr. sold 3,180 shares of Blue Buffalo Pet Products stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $28.02, for a total value of $89,103.60. Following the completion of the transaction, the chief executive officer now directly owns 648,730 shares of the company’s stock, valued at approximately $18,177,414.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider William W. Bishop, Jr. sold 21,200 shares of Blue Buffalo Pet Products stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $28.58, for a total value of $605,896.00. Following the completion of the transaction, the insider now directly owns 655,090 shares of the company’s stock, valued at $18,722,472.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,068 shares of company stock valued at $5,576,613. 7.70% of the stock is owned by corporate 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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