Blue Buffalo Pet Products Inc (BUFF) CFO Sells $2,051,805.76 in Stock

Blue Buffalo Pet Products Inc (NASDAQ:BUFF) CFO Michael Nathenson sold 62,708 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $32.72, for a total value of $2,051,805.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Blue Buffalo Pet Products Inc (BUFF) traded down $0.26 on Wednesday, reaching $32.45. The company had a trading volume of 1,116,868 shares, compared to its average volume of 1,158,684. The company has a quick ratio of 3.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.61. Blue Buffalo Pet Products Inc has a 12-month low of $21.51 and a 12-month high of $33.09. The firm has a market capitalization of $6,380.00 and a PE ratio of 36.88.

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

Large investors have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its stake in Blue Buffalo Pet Products by 6.5% during the second quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock worth $103,000 after purchasing an additional 277 shares in the last quarter. First Trust Advisors LP lifted its stake in Blue Buffalo Pet Products by 6.7% during the third quarter. First Trust Advisors LP now owns 161,443 shares of the company’s stock worth $4,577,000 after purchasing an additional 10,163 shares in the last quarter. Alps Advisors Inc. acquired a new position in Blue Buffalo Pet Products during the third quarter worth $519,000. Wells Fargo & Company MN lifted its stake in Blue Buffalo Pet Products by 14.8% during the third quarter. Wells Fargo & Company MN now owns 2,448,233 shares of the company’s stock worth $69,409,000 after purchasing an additional 314,874 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Blue Buffalo Pet Products by 125.5% during the second quarter. Alliancebernstein L.P. now owns 54,207 shares of the company’s stock worth $1,236,000 after purchasing an additional 30,170 shares in the last quarter. Institutional investors own 94.77% of the company’s stock.

A number of research firms have recently issued reports on BUFF. BidaskClub lowered Blue Buffalo Pet Products from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. Barclays reiterated a “buy” rating and issued a $29.00 price objective on shares of Blue Buffalo Pet Products in a report on Friday, November 10th. Susquehanna Bancshares set a $41.00 price objective on Blue Buffalo Pet Products and gave the company a “buy” rating in a report on Friday, December 22nd. Delafield Hambrecht cut Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Finally, Zacks Investment Research cut Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $31.25.

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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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