Media stories about Blue Buffalo Pet Products (NASDAQ:BUFF) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blue Buffalo Pet Products earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.1595724999302 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 headlines that may have impacted Accern Sentiment’s scoring:
- Sales of Pet Food Growing Faster Than Packaged Human Food … – Fortune (fortune.com)
- CPGs continue pet food investments | World Grain – World Grain (world-grain.com)
- Lifshitz & Miller LLP Announces Investigation of Allstate Corporation, Blue Buffalo Pet Products, Inc., Express … – PR Newswire (press release) (prnewswire.com)
- FACT CHECK: Does Blue Buffalo Dog Food Contain Toxic Levels of … – Snopes.com (snopes.com)
- General Mills Receives Antitrust Clearance for Blue Buffalo Acquisition – Markets Insider (markets.businessinsider.com)
Several equities research analysts have recently commented on the company. Zacks Investment Research raised Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, February 28th. Wells Fargo lowered Blue Buffalo Pet Products from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $36.00 to $40.00 in a research note on Tuesday, February 27th. Societe Generale lowered Blue Buffalo Pet Products from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Citigroup lowered Blue Buffalo Pet Products from a “buy” rating to a “neutral” rating in a research note on Monday, February 26th. Finally, Robert W. Baird reissued a “hold” rating and set a $40.00 price target on shares of Blue Buffalo Pet Products in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $35.50.
Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. Blue Buffalo Pet Products had a return on equity of 77.83% and a net margin of 15.18%. The firm had revenue of $336.96 million during the quarter, compared to the consensus estimate of $320.58 million. During the same period in the previous year, the firm posted $0.18 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. equities research analysts expect that Blue Buffalo Pet Products will post 1.18 earnings per share for the current fiscal year.
In related news, CEO William W. Bishop, Jr. sold 3,180 shares of Blue Buffalo Pet Products stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $32.41, for a total transaction of $103,063.80. Following the completion of the transaction, the chief executive officer now directly owns 629,650 shares in the company, valued at approximately $20,406,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Nathenson sold 62,708 shares of Blue Buffalo Pet Products stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $32.72, for a total value of $2,051,805.76. The disclosure for this sale can be found here. Insiders have sold a total of 193,088 shares of company stock valued at $6,488,574 over the last 90 days. Insiders own 7.70% of the company’s stock.
About Blue Buffalo Pet Products
Blue Buffalo Pet Products, Inc, through its subsidiary, Blue Buffalo Company, Ltd., operates as a pet food company in the United States, Canada, Japan, and Mexico. It develops, produces, markets, and sells dog and cat food under the BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom, and BLUE Natural Veterinary Diet lines.
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