Blue Buffalo Pet Products Inc (BUFF) Insider Sells $691,756.00 in Stock

Blue Buffalo Pet Products Inc (NASDAQ:BUFF) insider William W. Bishop, Jr. sold 21,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $32.63, for a total transaction of $691,756.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Blue Buffalo Pet Products Inc (NASDAQ BUFF) traded down $0.92 during midday trading on Thursday, hitting $32.57. 262,658 shares of the stock traded hands, compared to its average volume of 1,063,141. Blue Buffalo Pet Products Inc has a 1-year low of $21.51 and a 1-year high of $34.31. The company has a debt-to-equity ratio of 1.61, a current ratio of 4.22 and a quick ratio of 3.62. The firm has a market cap of $6,185.94, a price-to-earnings ratio of 37.66, a PEG ratio of 1.86 and a beta of 1.83.

Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Blue Buffalo Pet Products had a net margin of 14.17% and a return on equity of 86.23%. The business had revenue of $340.85 million during the quarter, compared to analyst estimates of $323.05 million. During the same period in the previous year, the business posted $0.22 EPS. The company’s quarterly revenue was up 18.4% on a year-over-year basis. equities research analysts expect that Blue Buffalo Pet Products Inc will post 0.91 earnings per share for the current year.

A number of equities analysts have weighed in on BUFF shares. JPMorgan Chase & Co. downgraded shares of Blue Buffalo Pet Products from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 17th. Zacks Investment Research downgraded shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Susquehanna Bancshares set a $34.00 target price on shares of Blue Buffalo Pet Products and gave the company a “buy” rating in a research note on Friday, October 20th. Oppenheimer reissued a “buy” rating and issued a $32.00 target price on shares of Blue Buffalo Pet Products in a research note on Monday, November 6th. Finally, Barclays reissued a “buy” rating and issued a $29.00 target price on shares of Blue Buffalo Pet Products in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Blue Buffalo Pet Products has an average rating of “Buy” and a consensus price target of $32.54.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Blue Buffalo Pet Products by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 7,072,744 shares of the company’s stock valued at $161,330,000 after purchasing an additional 310,094 shares during the last quarter. FMR LLC increased its position in shares of Blue Buffalo Pet Products by 360.6% in the second quarter. FMR LLC now owns 3,320,428 shares of the company’s stock worth $75,739,000 after acquiring an additional 2,599,478 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Blue Buffalo Pet Products by 14.8% in the third quarter. Wells Fargo & Company MN now owns 2,448,233 shares of the company’s stock worth $69,409,000 after acquiring an additional 314,874 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Blue Buffalo Pet Products by 3.3% in the third quarter. Mackenzie Financial Corp now owns 2,401,187 shares of the company’s stock worth $68,074,000 after acquiring an additional 76,944 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its position in shares of Blue Buffalo Pet Products by 27.5% in the third quarter. Frontier Capital Management Co. LLC now owns 1,706,316 shares of the company’s stock worth $48,374,000 after acquiring an additional 368,376 shares in the last quarter. 95.01% of the stock is owned by institutional investors and hedge funds.

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Blue Buffalo Pet Products Company Profile

Blue Buffalo Pet Products, Inc (BBPP) is a holding company. The Company operates as a pet food company. The Company, through its subsidiaries, develops, produces, markets and sells pet food under product lines, including BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines.

Insider Buying and Selling by Quarter for Blue Buffalo Pet Products (NASDAQ:BUFF)

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