Wall Street analysts expect Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) to post sales of $324.19 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Blue Buffalo Pet Products’ earnings, with estimates ranging from $308.33 million to $337.90 million. Blue Buffalo Pet Products reported sales of $295.10 million in the same quarter last year, which suggests a positive year over year growth rate of 9.9%. The business is expected to issue its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Blue Buffalo Pet Products will report full year sales of $324.19 million for the current financial year, with estimates ranging from $1.25 billion to $1.27 billion. For the next year, analysts forecast that the business will post sales of $1.38 billion per share, with estimates ranging from $1.27 billion to $1.42 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Blue Buffalo Pet Products.

Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $340.85 million during the quarter, compared to analyst estimates of $323.05 million. Blue Buffalo Pet Products had a net margin of 14.17% and a return on equity of 91.93%. Blue Buffalo Pet Products’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS.

Several research analysts recently commented on BUFF shares. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $32.00 price objective (up previously from $25.00) on shares of Blue Buffalo Pet Products in a research note on Wednesday, September 27th. Susquehanna Bancshares Inc boosted their price objective on shares of Blue Buffalo Pet Products from $30.00 to $32.00 and gave the stock a “positive” rating in a research note on Thursday, September 21st. Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Robert W. Baird started coverage on shares of Blue Buffalo Pet Products in a research note on Monday, July 24th. They set a “neutral” rating and a $23.00 price objective for the company. Finally, BidaskClub upgraded shares of Blue Buffalo Pet Products from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $29.80.

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In other news, insider William W. Bishop, Jr. sold 21,655 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $28.78, for a total value of $623,230.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Nathenson sold 50,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $25.00, for a total transaction of $1,250,000.00. Following the completion of the sale, the chief financial officer now directly owns 50,000 shares in the company, valued at $1,250,000. The disclosure for this sale can be found here. Insiders sold a total of 229,927 shares of company stock worth $5,965,929 over the last ninety days. Insiders own 7.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in shares of Blue Buffalo Pet Products by 14.8% in the 3rd quarter. Wells Fargo & Company MN now owns 2,448,233 shares of the company’s stock valued at $69,409,000 after acquiring an additional 314,874 shares during the last quarter. Dai Ichi Life Insurance Company Ltd purchased a new stake in shares of Blue Buffalo Pet Products in the 3rd quarter valued at $4,024,000. JPMorgan Chase & Co. boosted its holdings in shares of Blue Buffalo Pet Products by 5,851.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 88,616 shares of the company’s stock valued at $2,530,000 after acquiring an additional 87,127 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Blue Buffalo Pet Products by 60.1% in the 3rd quarter. Legal & General Group Plc now owns 42,187 shares of the company’s stock valued at $1,196,000 after acquiring an additional 15,833 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Blue Buffalo Pet Products by 14.2% in the 3rd quarter. Nordea Investment Management AB now owns 89,771 shares of the company’s stock valued at $2,545,000 after acquiring an additional 11,137 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Blue Buffalo Pet Products (BUFF) traded up $0.79 during midday trading on Tuesday, hitting $27.18. 1,852,738 shares of the company traded hands, compared to its average volume of 1,427,015. The company has a debt-to-equity ratio of 1.64, a quick ratio of 4.25 and a current ratio of 5.05. The company has a market cap of $5,370.00 and a price-to-earnings ratio of 30.14. Blue Buffalo Pet Products has a 1 year low of $21.51 and a 1 year high of $29.84.

Blue Buffalo Pet Products announced that its board has approved a stock repurchase plan on Tuesday, August 8th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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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Earnings History and Estimates for Blue Buffalo Pet Products (NASDAQ:BUFF)

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