Morgan Stanley Downgrades Blue Buffalo Pet Products Inc to Equal-Weight

Brokerage firm Morgan Stanley Downgrades its rating on Blue Buffalo Pet Products Inc(BUFF). The shares have been rated Equal-Weight. Previously, the analysts had a Overweight rating on the shares. The rating by the stock financial advisor at Morgan Stanley was issued on Mar 17, 2017 in a research report to their Investors and Clients.

Blue Buffalo Pet Products Inc (BUFF) shares turned negative on Wednesdays trading session with the shares closing down -0.18 points or -0.77% at a volume of 9,97,484. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.55. The peak price level was also seen at $23.55 while the days lowest was $23.14. Finally the shares closed at $23.24. The 52-week high of the shares is $27.5 while the 52-week low is $21.597. According to the latest information available, the market cap of the company is $4,568 M.

Blue Buffalo Pet Products Inc(BUFF) last announced its earnings results on Feb 28, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $295.096M. Analysts had an estimated revenue of $293.160M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Sep 20, 2016, Kurt Schmidt (Chief Executive Officer) sold 50,000 shares at $24.83 per share price.Also, On Jul 27, 2015, Christopher T Bishop (10% owner) sold 402,577 shares at $20.00 per share price.On Jul 27, 2015, William W Jr Bishop (President and COO) sold 548,536 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.

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