Blue Buffalo Pet Products Inc (NASDAQ:BUFF) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.91-0.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.92. The company issued revenue guidance of $1.24-1.27 billion, compared to the consensus revenue estimate of $1.25 billion.
Shares of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) traded up 0.52% during trading on Friday, reaching $23.25. 1,708,386 shares of the company were exchanged. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 34.19 and a beta of 2.04. Blue Buffalo Pet Products Inc has a 52-week low of $21.60 and a 52-week high of $27.50. The stock’s 50-day moving average is $23.78 and its 200-day moving average is $24.17.
Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Blue Buffalo Pet Products had a net margin of 9.38% and a return on equity of 242.34%. The firm had revenue of $302 million during the quarter, compared to the consensus estimate of $300.27 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict that Blue Buffalo Pet Products Inc will post $0.92 earnings per share for the current fiscal year.
BUFF has been the subject of several research analyst reports. Citigroup Inc raised shares of Blue Buffalo Pet Products from a buy rating to a top pick rating in a research note on Tuesday, April 18th. Zacks Investment Research raised shares of Blue Buffalo Pet Products from a hold rating to a buy rating and set a $29.00 target price for the company in a research report on Monday, January 23rd. Morgan Stanley downgraded shares of Blue Buffalo Pet Products from an overweight rating to an equal weight rating and set a $26.00 target price for the company. in a research report on Friday, March 17th. Susquehanna Bancshares Inc set a $34.00 target price on shares of Blue Buffalo Pet Products and gave the stock a buy rating in a research report on Monday, March 20th. Finally, Oppenheimer Holdings Inc. reissued an outperform rating and set a $29.00 target price on shares of Blue Buffalo Pet Products in a research report on Thursday, February 9th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $29.33.
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An institutional investor recently raised its position in Blue Buffalo Pet Products stock. State Street Corp boosted its stake in Blue Buffalo Pet Products Inc (NASDAQ:BUFF) by 6.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 797,459 shares of the company’s stock after buying an additional 49,687 shares during the period. State Street Corp owned about 0.41% of Blue Buffalo Pet Products worth $18,344,000 at the end of the most recent reporting period. 86.79% of the stock is owned by hedge funds and other institutional investors.
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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