Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) CFO Michael Nathenson sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $25.77, for a total transaction of $1,288,500.00. Following the sale, the chief financial officer now owns 50,000 shares of the company’s stock, valued at $1,288,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael Nathenson also recently made the following trade(s):

  • On Monday, August 21st, Michael Nathenson sold 50,000 shares of Blue Buffalo Pet Products stock. The stock was sold at an average price of $25.00, for a total transaction of $1,250,000.00.
  • On Thursday, August 17th, Michael Nathenson sold 50,000 shares of Blue Buffalo Pet Products stock. The stock was sold at an average price of $25.00, for a total transaction of $1,250,000.00.

Blue Buffalo Pet Products, Inc. (NASDAQ BUFF) opened at 25.68 on Wednesday. Blue Buffalo Pet Products, Inc. has a 12 month low of $21.51 and a 12 month high of $26.56. The company’s 50-day moving average is $23.29 and its 200 day moving average is $23.72. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 36.17 and a beta of 1.95.

Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $294.80 million for the quarter, compared to analysts’ expectations of $301.88 million. Blue Buffalo Pet Products had a return on equity of 98.02% and a net margin of 12.13%. Blue Buffalo Pet Products’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Equities analysts forecast that Blue Buffalo Pet Products, Inc. will post $0.92 earnings per share for the current fiscal year.

Blue Buffalo Pet Products declared that its Board of Directors has initiated a stock buyback plan on Tuesday, August 8th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: This article was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/blue-buffalo-pet-products-inc-buff-cfo-michael-nathenson-sells-50000-shares/1531418.html.

BUFF has been the subject of several research reports. J P Morgan Chase & Co raised their price target on shares of Blue Buffalo Pet Products from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, August 21st. Zacks Investment Research cut shares of Blue Buffalo Pet Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. Robert W. Baird initiated coverage on shares of Blue Buffalo Pet Products in a report on Monday, July 24th. They set a “neutral” rating and a $23.00 price target for the company. Barclays PLC restated a “buy” rating and set a $27.00 price target on shares of Blue Buffalo Pet Products in a report on Friday, August 11th. Finally, TheStreet upgraded shares of Blue Buffalo Pet Products from a “c” rating to a “b-” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Blue Buffalo Pet Products currently has an average rating of “Buy” and an average target price of $27.33.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Partners Fund LP boosted its position in shares of Blue Buffalo Pet Products by 63.7% in the first quarter. FNY Partners Fund LP now owns 4,500 shares of the company’s stock valued at $103,000 after buying an additional 1,751 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Blue Buffalo Pet Products by 6.5% in the second 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. SG Americas Securities LLC bought a new position in shares of Blue Buffalo Pet Products during the second quarter valued at about $138,000. The Manufacturers Life Insurance Company boosted its position in shares of Blue Buffalo Pet Products by 9.6% in the second 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. Finally, US Bancorp DE boosted its position in shares of Blue Buffalo Pet Products by 38.5% in the first quarter. US Bancorp DE now owns 7,193 shares of the company’s stock valued at $165,000 after buying an additional 2,000 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

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.

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