Early Moves to Watch - IHS Markit Ltd. (NASDAQ:INFO)

Marco Green
September 13, 2017

Investors are feeling more bullish on shares of Blue Buffalo Pet Products, Inc. lately looking at the fall in short interest. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. 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. Analysts expect next quarter's EPS to be $0.23 with next year's EPS anticipated to be $1.06. The business's revenue was up 2.8% on a year-over-year basis. Blue Buffalo Pet Products Inc (NASDAQ:BUFF) has declined 9.60% since September 7, 2016 and is downtrending. If you are viewing this report on another site, it was stolen and reposted in violation of U.S. and worldwide trademark and copyright legislation.

A number of other equities research analysts have also issued reports on the stock. Six analysts have provided estimates for Blue Buffalo Pet Products' earnings, with estimates ranging from $0.23 to $0.28.

Wall Street brokerages predict that Blue Buffalo Pet Products, Inc. They now have a United States dollars 26 price target on the stock. The stock has "Buy" rating by Deutsche Bank on Monday, August 17. The stock of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) earned "Overweight" rating by JP Morgan on Thursday, August 11. Recently, investment analysts covering the stock have updated the mean rating to 1.7. The shares were sold on August 28th for an average price of $25.77. Wells Fargo initiated Blue Buffalo Pet Products Inc (NASDAQ:BUFF) on Monday, August 17 with "Market Perform" rating.

08/09/2017 - Blue Buffalo Pet Products, Inc. had its "overweight" rating reiterated by analysts at JP Morgan. The firm has a market capitalization of $5.15 billion, a P/E ratio of 36.79 and a beta of 1.91. The firm's 50 day moving average price is $24.00 and its 200 day moving average price is $23.76.

Several hedge funds and other institutional investors have recently made changes to their positions in BUFF. Argent Capital Management LLC boosted its stake in Blue Buffalo Pet Products by 2.5% during the first quarter. Apertura Capital, LLC now owns 125,000 shares valued at $2,851,000.

08/07/2017 - Blue Buffalo Pet Products, Inc. had its "positive" rating reiterated by analysts at Susquehanna. Nathenson now owns $0 of the stock per the Form 4 SEC filing. Bank of Nova Scotia purchased a new position in Blue Buffalo Pet Products during the first quarter worth about $2,300,000. Finally, BidaskClub downgraded Blue Buffalo Pet Products from a "sell" rating to a "strong sell" rating in a research note on Tuesday, July 11th. Blue Buffalo Company, Ltd. Pacer Advisors, Inc. augmented its investment by buying 2,607 shares an increase of 16.7% from 03/31/2017 to 06/30/2017. Michael Nathenson, EVP sold $1,250,000 worth of shares at an average price of $25.00 on Monday the 21st. Following the completion of the transaction, the chief financial officer now owns 50,000 shares of the company's stock, valued at $1,250,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. (NASDAQ:BUFF) by 124.0% during the third quarter, Holdings Channel reports. The share last price represents downtick move of -33.86% in value from company's 52-Week high price and shows 18.51% above change in value from its 52-Week low price. The shares were sold at an average price of $25.58, for a total value of $948,301.76. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Blue Buffalo Pet Products, Inc. now has a P/E ratio of 36.55 and the market cap is 5.12B. The Company, through its subsidiaries, develops, produces, markets and sells pet food under the BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines.

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