Economy

Blue Buffalo Pet Products Inc

(NASDAQ:BUFF)'s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. The stock closing price is now trading upward to its 50 day moving average with change of 3.50%, escalated to its 20 day moving average with figure of 2.03% and behind its 200 day moving average with value -7.52%.

BUFF has been the topic of a number of other reports. Its down 23.17% from 864,400 shares previously. Blue Buffalo Pet Products had 28 analyst reports since August 17, 2015 according to SRatingsIntel. Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a "hold" rating to a "buy" rating and set a $28.00 target price for the company in a research report on Tuesday, January 10th. Finally, Imperial Capital started coverage on Blue Buffalo Pet Products in a report on Wednesday, June 28th. Equity analyst Baird initiated coverage on the stock by announcing an initial rating of "Neutral". The company now has a consensus rating of Buy and a consensus target price of $27.90.

Over the past week, the company showed volatility of 1.75%. The company has a market capitalization of $5.14 billion, a PE ratio of 36.72 and a beta of 1.91. The 50 day moving average was up by +7.77% and the 200 day average moved up $2.18. On the bright side, the company's share price has been on the rebound, up more than 31.33% since hitting lows of $21.51 on August 07, 2017.

Short traders are more bullish on shares of Blue Buffalo Pet Products, Inc. lately if you evaluate the downtick in short interest. BUFF reported a change of -0.16% over the last week and performed 16.65% over the last month while its year to date (YTD) performance revealed an activity trend of 6.66%. The firm had revenue of $294.80 million for the quarter, compared to analyst estimates of $301.88 million. The business's revenue for the quarter was up 2.8% compared to the same quarter a year ago. If Assurant, Inc. (NYSE:AIZ) shares can stay above the price resistance around $94.9 a share, that could help propel Assurant, Inc.

TRADEMARK VIOLATION WARNING: This piece was posted by BBNS and is the sole property of of BBNS. If you are accessing this report on another publication, it was stolen and republished in violation of United States & global copyright & trademark laws. The stock of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) earned "Buy" rating by Deutsche Bank on Thursday, August 11. For the past 5 years, the company's revenue has grown 10.8%, while the company's earnings per share has grown 25%. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued. With 612,200 avg volume, 1 days are for Atkore International Group Incorporated (NYSE:ATKR)'s short sellers to cover ATKR's short positions. Ameriprise Financial Inc. now owns 1,292,404 shares of the company's stock valued at $30,692,000 after buying an additional 7,804 shares during the period. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The shares were sold on August 17th for an average price of $25.00. (NASDAQ:BUFF) by 124.0% during the third quarter, Holdings Channel reports. The company's institutional ownership is monitored at 90.1 percent. Blue Buffalo Company, Ltd. As of quarter end Pacer Advisors, Inc. had acquired 2,607 shares growing its holdings by 16.7%. Bank of New York Mellon Corp now owns 5,235,035 shares of the company's stock worth $119,411,000 after purchasing an additional 1,752,086 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Blue Buffalo Pet Products by 0.4% in the third quarter. Apertura Capital, LLC now holds 125,000 shares valued at $2,851,000. William Blair Investment Management LLC now owns 2,446,262 shares of the company's stock valued at $56,264,000 after buying an additional 213,047 shares in the last quarter.

Blue Buffalo Pet Products, Inc. now has a P/E ratio of 36.55 and the market cap is 5.12B. The Firm 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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