Blue Buffalo Pet Products Inc (BUFF) Insider William W. Bishop, Jr. Sells 21,200 Shares

Blue Buffalo Pet Products Inc (NASDAQ:BUFF) insider William W. Bishop, Jr. sold 21,200 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $32.63, for a total transaction of $691,756.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Blue Buffalo Pet Products Inc (BUFF) traded up $1.81 on Wednesday, reaching $33.49. 1,534,884 shares of the company were exchanged, compared to its average volume of 1,030,000. Blue Buffalo Pet Products Inc has a twelve month low of $21.51 and a twelve month high of $34.31. The firm has a market cap of $6,540.00 and a price-to-earnings ratio of 38.06. The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.62 and a current ratio of 4.22.

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 the Zacks’ consensus estimate of $0.25 by $0.02. Blue Buffalo Pet Products had a net margin of 14.17% and a return on equity of 86.23%. The business had revenue of $340.85 million for the quarter, compared to analyst estimates of $323.05 million. During the same quarter in the prior year, the business earned $0.22 EPS. Blue Buffalo Pet Products’s quarterly revenue was up 18.4% on a year-over-year basis. analysts anticipate that Blue Buffalo Pet Products Inc will post 0.91 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. grew its stake in Blue Buffalo Pet Products by 6.5% in the 2nd 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 last quarter. The Manufacturers Life Insurance Company grew its stake in Blue Buffalo Pet Products by 9.6% in the 2nd 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Blue Buffalo Pet Products by 44.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,388 shares of the company’s stock valued at $177,000 after buying an additional 1,656 shares during the last quarter. Turner Investments LLC acquired a new position in Blue Buffalo Pet Products in the 3rd quarter valued at about $184,000. Finally, Envestnet Asset Management Inc. grew its stake in Blue Buffalo Pet Products by 62.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,462 shares of the company’s stock valued at $184,000 after buying an additional 2,494 shares during the last quarter. Institutional investors and hedge funds own 95.01% of the company’s stock.

Several research analysts have recently weighed in 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 objective on the stock in a research note on Tuesday, October 10th. Susquehanna Bancshares set a $41.00 price objective on shares of Blue Buffalo Pet Products and gave the stock a “buy” rating in a research note on Thursday, December 28th. Wells Fargo & Co upgraded shares of Blue Buffalo Pet Products to a “buy” rating and set a $36.00 price objective on the stock in a research note on Friday, December 8th. Barclays restated a “buy” rating and set a $29.00 price objective on shares of Blue Buffalo Pet Products in a research note on Friday, November 10th. Finally, Oppenheimer restated a “buy” rating and set a $32.00 price objective on shares of Blue Buffalo Pet Products in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $32.54.

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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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