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.
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.
Receive News & Ratings for Blue Buffalo Pet Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Buffalo Pet Products and related companies with MarketBeat.com's FREE daily email newsletter.