Blue Buffalo Pet Products (BUFF) Shares are Down -0.53%

Blue Buffalo Pet Products (BUFF) has risen sharply, recording gains of 2.42% in the past 4 weeks. However, the stock has corrected -0.53% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.03% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Blue Buffalo Pet Products, Inc. is up 0.77% in the last 3-month period. Year-to-Date the stock performance stands at 40.3%. The stock has recorded a 20-day Moving Average of 1.18% and the 50-Day Moving Average is 4.25%.


Blue Buffalo Pet Products (NASDAQ:BUFF): The stock opened at $26.20 on Friday but the bulls could not build on the opening and the stock topped out at $26.49 for the day. The stock traded down to $26.10 during the day, due to lack of any buying support eventually closed down at $26.25 with a loss of -0.34% for the day. The stock had closed at $26.34 on the previous day. The total traded volume was 643,248 shares.

Also, In a research note released to the investors, Citigroup maintains its rating on Blue Buffalo Pet Products (NASDAQ:BUFF).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup raises the new price target from $30 per share to $31 per share. The rating by the firm was issued on August 11, 2016.

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.

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