Blue Buffalo Pet Products Inc (NASDAQ:BUFF) insider William W. Bishop, Jr. sold 21,200 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $32.25, for a total transaction of $683,700.00. Following the transaction, the insider now owns 636,010 shares in the company, valued at approximately $20,511,322.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) traded down $0.28 during trading hours on Thursday, reaching $31.96. The company’s stock had a trading volume of 1,187,000 shares, compared to its average volume of 1,414,462. 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 company has a market cap of $6,240.00 and a PE ratio of 36.22. Blue Buffalo Pet Products Inc has a 12-month low of $21.51 and a 12-month high of $32.67.

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

Several research analysts recently issued reports on BUFF shares. Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, October 10th. Oppenheimer reissued a “buy” rating and set a $32.00 price objective (up from $25.00) on shares of Blue Buffalo Pet Products in a report on Wednesday, September 27th. Gabelli initiated coverage on Blue Buffalo Pet Products in a report on Wednesday, September 6th. They set a “buy” rating and a $33.00 price objective for the company. Susquehanna Bancshares set a $34.00 price objective on Blue Buffalo Pet Products and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Barclays reissued a “buy” rating and set a $29.00 price objective on shares of Blue Buffalo Pet Products in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $30.67.

Several hedge funds have recently made changes to their positions in BUFF. State Street Corp increased its stake in shares of Blue Buffalo Pet Products by 6.6% in the 1st quarter. State Street Corp now owns 797,459 shares of the company’s stock valued at $18,344,000 after acquiring an additional 49,687 shares during the last quarter. US Bancorp DE increased its stake in shares of Blue Buffalo Pet Products by 24.6% in the 2nd quarter. US Bancorp DE now owns 8,960 shares of the company’s stock valued at $205,000 after acquiring an additional 1,767 shares during the last quarter. NGAM Advisors L.P. increased its stake in shares of Blue Buffalo Pet Products by 0.4% in the 2nd quarter. NGAM Advisors L.P. now owns 27,961 shares of the company’s stock valued at $638,000 after acquiring an additional 105 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Blue Buffalo Pet Products by 19.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 415,310 shares of the company’s stock valued at $9,474,000 after acquiring an additional 68,305 shares during the last quarter. Finally, First Mercantile Trust Co. increased its stake in shares of Blue Buffalo Pet Products by 29.0% in the 2nd quarter. First Mercantile Trust Co. now owns 7,539 shares of the company’s stock valued at $172,000 after acquiring an additional 1,693 shares during the last quarter. 95.24% of the stock is owned by institutional investors.

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About Blue Buffalo Pet Products

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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