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

Blue Buffalo Pet Products Inc (NASDAQ:BUFF) insider William W. Bishop, Jr. sold 21,200 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $33.08, for a total transaction of $701,296.00. Following the completion of the sale, the insider now owns 604,210 shares of the company’s stock, valued at approximately $19,987,266.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Blue Buffalo Pet Products Inc (NASDAQ:BUFF) traded up $1.93 during trading on Wednesday, hitting $34.98. 3,321,275 shares of the stock traded hands, compared to its average volume of 1,154,777. Blue Buffalo Pet Products Inc has a twelve month low of $21.51 and a twelve month high of $35.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.62 and a current ratio of 4.22. The stock has a market cap of $6,450.00 and a PE ratio of 39.43.

BUFF has been the subject of a number of recent research reports. BidaskClub upgraded shares of Blue Buffalo Pet Products from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Susquehanna Bancshares set a $34.00 price objective on shares of Blue Buffalo Pet Products and gave the company a “buy” rating in a report on Friday, October 20th. Wells Fargo & Co upgraded shares of Blue Buffalo Pet Products to a “buy” rating and set a $36.00 price objective for the company in a report on Friday, December 8th. Oppenheimer reiterated a “buy” rating and issued a $37.00 price objective on shares of Blue Buffalo Pet Products in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. downgraded shares of Blue Buffalo Pet Products from an “overweight” rating to a “neutral” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $32.54.

Several institutional investors have recently bought and sold shares of BUFF. Advisor Group Inc. grew its stake in shares of 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 period. The Manufacturers Life Insurance Company grew its stake in shares of 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 period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 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 period. Turner Investments LLC purchased a new stake in shares of Blue Buffalo Pet Products in the 3rd quarter valued at approximately $184,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of 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 period. 95.35% of the stock is owned by institutional investors and hedge funds.

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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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