Blue Buffalo Pet Products Inc (BUFF) reported quarterly earnings results on Wednesday, Aug-10-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.17. The company posted revenue of $286.85 million in the period, compared to analysts expectations of $281.90 million. The company’s revenue was up 12.9% compared to the same quarter last year.
Many Wall Street Analysts have commented on Blue Buffalo Pet Products Inc. Company shares were Reiterated by Wedbush on Jul 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .Blue Buffalo Pet Products Inc was Resumed by Citigroup to “Buy” on Jul 5, 2016.
Blue Buffalo Pet Products Inc opened for trading at $26 and hit $26.52 on the upside on Monday, eventually ending the session at $26.37, with a gain of 1.42% or 0.37 points. The heightened volatility saw the trading volume jump to 8,85,753 shares. Company has a market cap of $5,175 M.
In a different news, on Jul 6, 2016, Kurt Schmidt (Chief Executive Officer) sold 150,000 shares at $21.28 per share price. According to the SEC, on Jul 27, 2015, William W Jr Bishop (President and COO) sold 548,536 shares at $20.00 per share price. On Jul 27, 2015, Michael Nathenson (EVP, CFO and Treasurer) sold 63,758 shares at $20.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Blue Buffalo Pet Products Inc. is a pet food company in the United States selling dog and cat food made with whole meats fruits and vegetables and other natural ingredients. The Company has built four product lines under its BLUE brand. The Company develops produces markets and sells pet food under its product lines which include BLUE Life Protection Formula BLUE Wilderness BLUE Basics and BLUE Freedom. Each line of pet food includes different product types for dogs and cats such as dry food wet food and treats. The Company also produces and sells cat litter products under the BLUE Naturally Fresh line. The Company sells its products in the specialty channels either directly to retailers or through distributors. The specialty channels include national pet superstore chains regional pet store chains neighborhood pet stores veterinary clinics farm and feed stores e-commerce retailers military outlets and hardware stores.