Blue Buffalo Pet Products Inc. (NASDAQ:BUFF) CEO Kurt Schmidt sold 50,000 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $24.83, for a total value of $1,241,500.00. Following the completion of the transaction, the chief executive officer now owns 103,571 shares of the company’s stock, valued at $2,571,667.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kurt Schmidt also recently made the following trade(s):

  • On Tuesday, July 5th, Kurt Schmidt sold 150,000 shares of Blue Buffalo Pet Products stock. The shares were sold at an average price of $21.29, for a total value of $3,193,500.00.

Blue Buffalo Pet Products Inc. (NASDAQ:BUFF) opened at 24.19 on Wednesday. The firm’s 50-day moving average price is $25.76 and its 200 day moving average price is $25.00. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 43.98 and a beta of 2.37. Blue Buffalo Pet Products Inc. has a 1-year low of $15.19 and a 1-year high of $27.50.

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Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its earnings results on Wednesday, August 10th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Blue Buffalo Pet Products had a return on equity of 406.20% and a net margin of 10.14%. The company earned $286.85 million during the quarter, compared to the consensus estimate of $281.90 million. Blue Buffalo Pet Products’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, analysts predict that Blue Buffalo Pet Products Inc. will post $0.76 EPS for the current year.

BUFF has been the subject of a number of recent research reports. Zacks Investment Research upgraded Blue Buffalo Pet Products from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research note on Tuesday, July 19th. Wedbush restated a “neutral” rating and issued a $25.00 target price (up from $24.00) on shares of Blue Buffalo Pet Products in a research note on Wednesday, August 10th. Deutsche Bank AG upped their target price on Blue Buffalo Pet Products from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. upped their target price on Blue Buffalo Pet Products from $28.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, August 11th. Finally, Stephens restated a “hold” rating on shares of Blue Buffalo Pet Products in a research note on Thursday, June 30th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $28.86.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY increased its stake in Blue Buffalo Pet Products by 96.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,485 shares of the company’s stock valued at $105,000 after buying an additional 2,205 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Blue Buffalo Pet Products during the second quarter valued at about $118,000. BlackRock Japan Co. Ltd increased its stake in Blue Buffalo Pet Products by 382.9% in the second quarter. BlackRock Japan Co. Ltd now owns 5,447 shares of the company’s stock valued at $127,000 after buying an additional 4,319 shares during the period. Legal & General Group Plc purchased a new stake in Blue Buffalo Pet Products during the first quarter valued at about $143,000. Finally, Tower Research Capital LLC TRC increased its stake in Blue Buffalo Pet Products by 578.4% in the second quarter. Tower Research Capital LLC TRC now owns 6,737 shares of the company’s stock valued at $157,000 after buying an additional 5,744 shares during the period. Institutional investors own 90.07% of the company’s stock.

About Blue Buffalo Pet Products

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

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