Blue Buffalo Pet Products (NASDAQ:BUFF) : 6 analysts are covering Blue Buffalo Pet Products (NASDAQ:BUFF) and their average rating on the stock is 1.42, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Blue Buffalo Pet Products (NASDAQ:BUFF) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Blue Buffalo Pet Products (NASDAQ:BUFF) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $30 and the lowest price target forecast is $22. The average forecast of all the analysts is $27 and the expected standard deviation is $3.
For the current week, the company shares have a recommendation consensus of Buy.
Blue Buffalo Pet Products (NASDAQ:BUFF): On Tuesdays trading session , Opening price of the stock was $22.61 with an intraday high of $23.5. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $22.505. However, the stock managed to close at $23.2, a loss of 0.77% for the day. On the previous day, the stock had closed at $23.38. The total traded volume of the day was 2,608,882 shares.
In an insider trading activity, The officer (EVP, CFO and Treasurer), of Blue Buffalo Pet Products, Inc., Nathenson Michael had unloaded 63,758 shares at $20 per share in a transaction on July 27, 2015. The total value of transaction was $1,275,160. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.