Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) insider William W. Bishop, Jr. sold 21,200 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $30.70, for a total value of $650,840.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Blue Buffalo Pet Products, Inc. (NASDAQ BUFF) traded down $0.50 during trading on Friday, reaching $30.21. The company’s stock had a trading volume of 1,452,244 shares, compared to its average volume of 1,419,132. The company has a quick ratio of 3.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $5,900.00 and a P/E ratio of 34.36. Blue Buffalo Pet Products, Inc. has a 1 year low of $21.51 and a 1 year high of $30.98.

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

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

Several analysts recently weighed in on BUFF shares. Oppenheimer restated a “buy” rating and set a $32.00 price objective (up from $25.00) on shares of Blue Buffalo Pet Products in a research report on Wednesday, September 27th. Susquehanna Bancshares upped their price objective on Blue Buffalo Pet Products from $30.00 to $32.00 and gave the stock a “positive” rating in a research report on Thursday, September 21st. Zacks Investment Research upgraded Blue Buffalo Pet Products from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Sanford C. Bernstein started coverage on Blue Buffalo Pet Products in a research report on Wednesday, September 13th. They set a “market perform” rating and a $29.00 price objective for the company. Finally, Robert W. Baird restated a “hold” rating and set a $23.00 price objective on shares of Blue Buffalo Pet Products in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.80.

A number of institutional investors have recently bought and sold shares of the business. NGAM Advisors L.P. raised its position in Blue Buffalo Pet Products by 0.4% in the second quarter. NGAM Advisors L.P. now owns 27,961 shares of the company’s stock valued at $638,000 after purchasing an additional 105 shares during the last quarter. ETRADE Capital Management LLC raised its position in Blue Buffalo Pet Products by 0.4% in the second quarter. ETRADE Capital Management LLC now owns 32,243 shares of the company’s stock valued at $735,000 after purchasing an additional 114 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Blue Buffalo Pet Products by 6.5% in the second quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock valued at $103,000 after buying an additional 277 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Blue Buffalo Pet Products by 9.6% in the second quarter. The Manufacturers Life Insurance Company now owns 6,070 shares of the company’s stock valued at $138,000 after buying an additional 533 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Blue Buffalo Pet Products by 1.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 51,625 shares of the company’s stock valued at $1,178,000 after buying an additional 730 shares during the period. Hedge funds and other institutional investors own 95.26% of the company’s stock.

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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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