Blue Buffalo Pet Products Inc. (NASDAQ:BUFF)’s share price fell 1.1% during mid-day trading on Monday . The company traded as low as $24.34 and last traded at $24.48, with a volume of 702,107 shares traded. The stock had previously closed at $24.76.

A number of brokerages recently issued reports on BUFF. Oppenheimer Holdings Inc. began coverage on Blue Buffalo Pet Products in a report on Thursday, September 8th. They issued an “outperform” rating and a $30.00 target price on the stock. Zacks Investment Research upgraded Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, September 7th. JPMorgan Chase & Co. lifted their price target on Blue Buffalo Pet Products from $28.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Deutsche Bank AG lifted their price target on Blue Buffalo Pet Products from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, Citigroup Inc. lifted their price target on Blue Buffalo Pet Products from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $28.86.

The company’s 50-day moving average price is $25.80 and its 200 day moving average price is $24.97. The stock has a market cap of $4.78 billion, a PE ratio of 44.24 and a beta of 2.37.

Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The business had revenue of $286.85 million for the quarter, compared to the consensus estimate of $281.90 million. Blue Buffalo Pet Products had a return on equity of 406.20% and a net margin of 10.14%. The company’s revenue was up 12.9% compared to the same quarter last year. Analysts forecast that Blue Buffalo Pet Products Inc. will post $0.76 EPS for the current fiscal year.

In other Blue Buffalo Pet Products news, Director L.P. Invus sold 12,512,124 shares of the stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $24.83, for a total transaction of $310,676,038.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kurt Schmidt sold 150,000 shares of the stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $21.29, for a total value of $3,193,500.00. Following the transaction, the chief executive officer now owns 203,571 shares of the company’s stock, valued at approximately $4,334,026.59. The disclosure for this sale can be found here. Company insiders own 10.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc bought a new position in shares of Blue Buffalo Pet Products during the first quarter valued at $424,000. Apertura Capital LLC bought a new position in shares of Blue Buffalo Pet Products during the first quarter valued at $3,208,000. BlackRock Inc. boosted its position in shares of Blue Buffalo Pet Products by 112.9% in the first quarter. BlackRock Inc. now owns 11,760 shares of the company’s stock valued at $302,000 after buying an additional 6,237 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Blue Buffalo Pet Products by 163.0% in the first quarter. BlackRock Group LTD now owns 75,848 shares of the company’s stock valued at $1,948,000 after buying an additional 47,005 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Blue Buffalo Pet Products by 7.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,095,026 shares of the company’s stock valued at $28,098,000 after buying an additional 78,581 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

About Blue Buffalo Pet Products

Blue Buffalo Pet Products, Inc (BBPP) is a holding company. The Company, through its subsidiaries, develops, produces, markets and sells pet food under the BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines. Blue Buffalo Company, Ltd. (Blue), Blue Buffalo Import Mexico, S.

5 Day Chart for NASDAQ:BUFF

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