Blue Buffalo Pet Products (BUFF) Receives Price Target

Blue Buffalo Pet Products (BUFF) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $33 and the lowest price target forecast is $25. The average forecast of all the analysts is $29.6 and the expected standard deviation is $2.97.

Blue Buffalo Pet Products (BUFF) : Zacks Investment Research ranks Blue Buffalo Pet Products (BUFF) as 2, which is a Buy recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 1.42, which indicates as a Strong Buy.


Also, Citigroup maintains its view on Blue Buffalo Pet Products (NASDAQ:BUFF) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup raises the price target from $30 per share to $31 per share on Blue Buffalo Pet Products . The rating by the firm was issued on August 11, 2016.

Blue Buffalo Pet Products (NASDAQ:BUFF): The stock opened at $25.63 on Thursday but the bulls could not build on the opening and the stock topped out at $25.93 for the day. The stock traded down to $25.34 during the day, due to lack of any buying support eventually closed down at $25.40 with a loss of -1.47% for the day. The stock had closed at $25.78 on the previous day. The total traded volume was 1,717,349 shares.

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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