Economy

Blue Buffalo Pet Products, Inc. (BUFF) Stake Increased by Vanguard Group Inc

They now have a Dollars 29 price target on the stock. (NASDAQ:BUFF) traded at an unexpectedly high on Tuesday, posting a -3.85% after which it closed the day' session at $28.00.

Blue Buffalo Pet Products announced that its board has authorized a stock buyback plan on Tuesday, August 8th that authorizes the company to repurchase $50.00 million in shares. The stock was sold at an average price of $25.00, for a total transaction of $1,250,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Meanwhile, due to an ongoing pressure which caused a decline of nearly -0.95% in the past five days, the stock price is now up 26.26% so far on the year - still in strong territory. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 208,727 shares of company stock worth $5,360,033.

A number of other equities research analysts have also commented on the company. The stock has "Neutral" rating by Wedbush on Tuesday, November 10. Investors who are keeping close eye on the stock of Blue Buffalo Pet Products, Inc.

ILLEGAL ACTIVITY NOTICE: "Blue Buffalo Pet Products, Inc". Susquehanna Bancshares Inc restated a buy rating and set a $30.00 price target (down from $32.00) on shares of Blue Buffalo Pet Products in a report on Monday, August 7th.

The company has mean EPS estimate of 0.25 reported by 7 number of analyst for the quarter ending Current Qtr.(Sep2017). The company's Market capitalization is $16.29B with the total Outstanding Shares of 381.00M. The company presently has a consensus rating of "Hold" and an average target price of $29.36. The value of the investment in Blue Buffalo Pet Products, Inc. went from $1,907,144,000 to $313,381,000 a change of $1,593,763,000 since the last quarter.

The company showed 0.72 diluted EPS growth for trailing twelve months. Blue Buffalo Pet Products had a net margin of 12.13% and a return on equity of 98.02%. The firm had revenue of $294.80 million for the quarter, compared to analyst estimates of $301.88 million. After having $-0.12 EPS previously, Clarus Corp's analysts see -166.67% EPS growth. Blue Buffalo Pet Products's revenue for the quarter was up 2.8% on a year-over-year basis. (NYSE:LW) scores higher than Blue Buffalo Pet Products, Inc. Note, this compares with a consensus analyst forecast of 0.25 in earnings per share for its next fiscal quarterly report. This repurchase authorization allows the company to reacquire up to 1.2% of its stock through open market purchases. The stock now has Weekly Volatility of 1.77% and Monthly Volatility of 2.16%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.

The share price of Blue Buffalo Pet Products, Inc. The stock appeared $29.44 above its 52-week highs and is down -1.10% for the last five trades. Great West Life Assurance Co. First Mercantile Trust Co. raised its position in Blue Buffalo Pet Products by 51.7% in the second quarter. US Bancorp DE lifted its stake in shares of Blue Buffalo Pet Products by 38.5% in the first quarter. Barclays PLC raised its position in Blue Buffalo Pet Products by 279.7% in the first quarter.

Arlington Value Capital Llc holds 4.88% of its portfolio in NOW Inc for 2.65 million shares. The stock of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) earned "Buy" rating by DA Davidson on Wednesday, October 5. Advisor Group Inc. now owns 4,513 shares of the company's stock valued at $103,000 after buying an additional 277 shares during the period. Corporate insiders own 10.30% of the company's stock. Money Making News (Stocknews.pro) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. If you are accessing this report on another website, it was stolen and republished in violation of United States & worldwide trademark and copyright legislation.

06/28/2017 - Imperial Capital began new coverage on Blue Buffalo Pet Products, Inc. giving the company a "outperform" rating. The Firm operates as a pet food company. BLUE Basics is a line of limited ingredient diet products for pets with food sensitivities.



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