Zacks Investment Research downgraded Blue Buffalo Pet Products Inc (NASDAQ:BUFF) to Hold in a report released today.
- Updated: October 16, 2016
Zacks Investment Research has downgraded Blue Buffalo Pet Products Inc (NASDAQ:BUFF) to Hold in a statement released on Tuesday October 11, 2016.
On Wednesday October 05, 2016, DA Davidson released a statement about Blue Buffalo Pet Products Inc (NASDAQ:BUFF) bumped up the target price from $0.00 to $29.00. At the time, this indicated a possible upside of 0.22%.
Only yesterday Blue Buffalo Pet Products Inc (NASDAQ:BUFF) traded 0.12% higher at $24.56. The company’s 50-day average is $24.79 and its two hundred day average is $25.08. The last closing price is down -1.15% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Trading volume was down over the average, with 705,749 shares of BUFF changing hands under the typical 1,306,290
Blue Buffalo Pet Products Inc has one year low of $15.19 and a one year high of $27.50 with a PE ratio of 45.07 and has a market capitalization of $0.
A total of 7 brokerages have released a research note on BUFF. Two analysts rating the stock a strong buy, 4 equity analysts rating the company a buy, 2 brokers rating the stock a hold, zero brokerages rating the company a underperform, and finally 0 brokerages rating the company a sell with a one year target of $26.14.
About Blue Buffalo Pet Products Inc (NASDAQ:BUFF)
Blue Buffalo Pet Products, Inc. (BBPP) is a holding company. 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. Blue Buffalo Company, Ltd. (Blue), Blue Buffalo Import Mexico, S. de R.L. de C.V. and Blue Buffalo Mexico, S. de R.L. de C.V. are subsidiaries of BBPP. The Company categorizes its products as dry foods, and wet foods, treats and other products. The Company's products are produced domestically at its Heartland facility and through contract manufacturers for distribution to retailers in specialty channels throughout the United States, Canada, Japan and Mexico. It has a product portfolio across various product types, including diet types, breed sizes for dogs, life stages and flavors. BLUE Wilderness is a high-meat, high-protein, grain-free ancestral feeding line. BLUE Freedom is a grain-free line.
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