Blue Bird (NASDAQ:BLBD) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm reiterated their buy rating on shares of Blue Bird (NASDAQ:BLBD) in a research note published on Tuesday morning, Benzinga reports. They currently have a $40.00 price objective on the stock, up from their prior price objective of $35.00.

Other equities analysts have also issued reports about the company. StockNews.com lowered Blue Bird from a strong-buy rating to a buy rating in a research note on Tuesday, January 2nd. Barclays boosted their price target on Blue Bird from $25.00 to $35.00 and gave the stock an overweight rating in a research report on Thursday, February 8th. Finally, Needham & Company LLC initiated coverage on Blue Bird in a research report on Thursday, February 29th. They set a buy rating and a $44.00 price target on the stock. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Blue Bird presently has a consensus rating of Buy and an average target price of $35.42.

Blue Bird Stock Performance

NASDAQ BLBD opened at $36.29 on Tuesday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 19.10, a P/E/G ratio of 0.48 and a beta of 1.36. Blue Bird has a 1-year low of $17.43 and a 1-year high of $39.01. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.30 and a quick ratio of 0.54. The business’s 50-day simple moving average is $34.48 and its 200-day simple moving average is $27.05.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.52. The business had revenue of $317.66 million for the quarter, compared to analyst estimates of $265.00 million. Blue Bird had a return on equity of 223.85% and a net margin of 5.04%. Equities analysts predict that Blue Bird will post 1.87 EPS for the current year.

Insiders Place Their Bets

In other Blue Bird news, major shareholder Asp Bb Holdings Llc sold 4,042,650 shares of Blue Bird stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $32.90, for a total transaction of $133,003,185.00. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Blue Bird news, major shareholder Asp Bb Holdings Llc sold 4,042,650 shares of Blue Bird stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $32.90, for a total transaction of $133,003,185.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Phil Horlock sold 50,000 shares of Blue Bird stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $29.00, for a total value of $1,450,000.00. Following the sale, the chief executive officer now owns 449,812 shares in the company, valued at $13,044,548. The disclosure for this sale can be found here. Insiders have sold 4,257,597 shares of company stock worth $139,735,973 in the last three months. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Blue Bird

Institutional investors have recently made changes to their positions in the company. CWM LLC increased its holdings in shares of Blue Bird by 220.1% in the 4th quarter. CWM LLC now owns 1,290 shares of the company’s stock valued at $35,000 after acquiring an additional 887 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Blue Bird in the 4th quarter valued at approximately $66,000. Tucker Asset Management LLC increased its holdings in shares of Blue Bird by 568.8% in the 3rd quarter. Tucker Asset Management LLC now owns 3,792 shares of the company’s stock valued at $81,000 after acquiring an additional 3,225 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Blue Bird in the 4th quarter valued at approximately $89,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Blue Bird in the 3rd quarter valued at approximately $205,000. 93.59% of the stock is currently owned by institutional investors.

About Blue Bird

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.