Blue Buffalo Pet Products Inc (NASDAQ:BUFF) CEO William W. Bishop, Jr. sold 3,180 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $32.41, for a total transaction of $103,063.80. Following the completion of the transaction, the chief executive officer now owns 629,650 shares of the company’s stock, valued at $20,406,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Blue Buffalo Pet Products Inc (NASDAQ BUFF) opened at $32.71 on Wednesday. Blue Buffalo Pet Products Inc has a 52 week low of $21.51 and a 52 week high of $33.09. The firm has a market capitalization of $6,402.68, a PE ratio of 37.60, a PEG ratio of 1.96 and a beta of 1.95. The company has a current ratio of 4.22, a quick ratio of 3.62 and a debt-to-equity ratio of 1.61.

Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The business had revenue of $340.85 million for the quarter, compared to analyst estimates of $323.05 million. Blue Buffalo Pet Products had a return on equity of 86.23% and a net margin of 14.17%. The company’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. research analysts forecast 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 recent research reports. Oppenheimer reiterated a “buy” rating and issued a $32.00 target price (up from $25.00) on shares of Blue Buffalo Pet Products in a report on Wednesday, September 27th. Susquehanna Bancshares boosted their price target on Blue Buffalo Pet Products from $30.00 to $32.00 and gave the stock a “positive” rating in a research note on Thursday, September 21st. BidaskClub upgraded Blue Buffalo Pet Products from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Sanford C. Bernstein initiated coverage on Blue Buffalo Pet Products in a research note on Wednesday, September 13th. They set a “market perform” rating and a $29.00 price target on the stock. Finally, Wells Fargo & Co upgraded Blue Buffalo Pet Products to a “buy” rating and set a $36.00 price target on the stock in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Blue Buffalo Pet Products has an average rating of “Buy” and a consensus price target of $31.25.

A number of hedge funds and other institutional investors have recently modified their holdings of BUFF. Schwab Charles Investment Management Inc. boosted its position in Blue Buffalo Pet Products by 19.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 415,310 shares of the company’s stock valued at $9,474,000 after buying an additional 68,305 shares during the last quarter. Rhumbline Advisers boosted its position in Blue Buffalo Pet Products by 54.4% in the second quarter. Rhumbline Advisers now owns 105,021 shares of the company’s stock valued at $2,396,000 after buying an additional 37,021 shares during the last quarter. State of Wisconsin Investment Board boosted its position in Blue Buffalo Pet Products by 56.6% in the second quarter. State of Wisconsin Investment Board now owns 18,616 shares of the company’s stock valued at $425,000 after buying an additional 6,730 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Blue Buffalo Pet Products in the second quarter valued at approximately $138,000. Finally, Legal & General Group Plc boosted its position in Blue Buffalo Pet Products by 4.5% in the second quarter. Legal & General Group Plc now owns 26,354 shares of the company’s stock valued at $601,000 after buying an additional 1,128 shares during the last quarter. Hedge funds and other institutional investors own 94.77% of the company’s stock.

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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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