Blue Buffalo Pet Products Inc (NASDAQ:BUFF) insider William W. Bishop, Jr. sold 21,200 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $32.25, for a total transaction of $683,700.00. Following the transaction, the insider now owns 636,010 shares of the company’s stock, valued at approximately $20,511,322.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Blue Buffalo Pet Products Inc (NASDAQ BUFF) opened at $31.94 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 4.22 and a quick ratio of 3.62. Blue Buffalo Pet Products Inc has a 1 year low of $21.51 and a 1 year high of $32.67. The company has a market cap of $6,064.87, a P/E ratio of 34.90, a PEG ratio of 2.12 and a beta of 1.95.

Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $340.85 million for the quarter, compared to the consensus estimate of $323.05 million. Blue Buffalo Pet Products had a net margin of 14.17% and a return on equity of 86.23%. Blue Buffalo Pet Products’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. analysts predict that Blue Buffalo Pet Products Inc will post 0.91 EPS for the current fiscal year.

BUFF has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Tuesday, October 10th. Oppenheimer reiterated a “buy” rating and set a $32.00 target price (up previously from $25.00) on shares of Blue Buffalo Pet Products in a research report on Wednesday, September 27th. Gabelli initiated coverage on shares of Blue Buffalo Pet Products in a research report on Wednesday, September 6th. They set a “buy” rating and a $33.00 target price for the company. Susquehanna Bancshares set a $34.00 target price on shares of Blue Buffalo Pet Products and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Barclays reiterated a “buy” rating and set a $29.00 target price on shares of Blue Buffalo Pet Products in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Blue Buffalo Pet Products currently has a consensus rating of “Buy” and an average price target of $30.67.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NGAM Advisors L.P. raised its stake in Blue Buffalo Pet Products by 0.4% in the second quarter. NGAM Advisors L.P. now owns 27,961 shares of the company’s stock valued at $638,000 after purchasing an additional 105 shares in the last quarter. ETRADE Capital Management LLC raised its stake in Blue Buffalo Pet Products by 0.4% in the second quarter. ETRADE Capital Management LLC now owns 32,243 shares of the company’s stock valued at $735,000 after purchasing an additional 114 shares in the last quarter. Advisor Group Inc. raised its stake in 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 purchasing an additional 277 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in 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 purchasing an additional 533 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Blue Buffalo Pet Products by 1.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 51,625 shares of the company’s stock valued at $1,178,000 after purchasing an additional 730 shares in the last quarter. 95.24% of the stock is currently owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Blue Buffalo Pet Products (NASDAQ:BUFF)

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