Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) CFO Michael Nathenson sold 37,072 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $25.58, for a total transaction of $948,301.76. Following the sale, the chief financial officer now owns 37,072 shares in the company, valued at approximately $948,301.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Nathenson also recently made the following trade(s):

  • On Monday, August 28th, Michael Nathenson sold 50,000 shares of Blue Buffalo Pet Products stock. The stock was sold at an average price of $25.77, for a total transaction of $1,288,500.00.
  • On Monday, August 21st, Michael Nathenson sold 50,000 shares of Blue Buffalo Pet Products stock. The stock was sold at an average price of $25.00, for a total transaction of $1,250,000.00.
  • On Thursday, August 17th, Michael Nathenson sold 50,000 shares of Blue Buffalo Pet Products stock. The stock was sold at an average price of $25.00, for a total transaction of $1,250,000.00.

Shares of Blue Buffalo Pet Products, Inc. (BUFF) traded up 1.40% during midday trading on Thursday, hitting $26.00. 1,467,656 shares of the company’s stock traded hands. Blue Buffalo Pet Products, Inc. has a 1-year low of $21.51 and a 1-year high of $26.56. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 36.62 and a beta of 1.91. The company has a 50 day moving average price of $23.91 and a 200 day moving average price of $23.74.

Blue Buffalo Pet Products (NASDAQ:BUFF) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.21. The firm had revenue of $294.80 million for the quarter, compared to analyst estimates of $301.88 million. Blue Buffalo Pet Products had a net margin of 12.13% and a return on equity of 98.02%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. Equities analysts anticipate that Blue Buffalo Pet Products, Inc. will post $0.92 earnings per share for the current year.

Blue Buffalo Pet Products declared that its board has approved a share buyback plan on Tuesday, August 8th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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BUFF has been the topic of several research reports. BidaskClub lowered shares of Blue Buffalo Pet Products from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Susquehanna Bancshares Inc set a $32.00 price objective on shares of Blue Buffalo Pet Products and gave the stock a “buy” rating in a research note on Thursday, May 25th. Imperial Capital initiated coverage on shares of Blue Buffalo Pet Products in a research note on Wednesday, June 28th. They set an “outperform” rating and a $30.00 price objective on the stock. Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Robert W. Baird initiated coverage on shares of Blue Buffalo Pet Products in a research note on Monday, July 24th. They set a “neutral” rating and a $23.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $27.90.

A number of large investors have recently added to or reduced their stakes in BUFF. Teachers Advisors LLC boosted its position in Blue Buffalo Pet Products by 103.4% in the fourth quarter. Teachers Advisors LLC now owns 150,066 shares of the company’s stock valued at $3,608,000 after buying an additional 76,305 shares in the last quarter. Bank of Montreal Can boosted its position in Blue Buffalo Pet Products by 12,091.4% in the first quarter. Bank of Montreal Can now owns 121,914 shares of the company’s stock valued at $2,804,000 after buying an additional 120,914 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Blue Buffalo Pet Products by 812.9% in the first quarter. Russell Investments Group Ltd. now owns 50,720 shares of the company’s stock valued at $1,166,000 after buying an additional 45,164 shares in the last quarter. BB&T Corp boosted its position in Blue Buffalo Pet Products by 28.8% in the first quarter. BB&T Corp now owns 30,296 shares of the company’s stock valued at $697,000 after buying an additional 6,779 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Blue Buffalo Pet Products by 59.7% in the first quarter. Wells Fargo & Company MN now owns 1,414,921 shares of the company’s stock valued at $32,543,000 after buying an additional 528,903 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

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.

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