William W. Bishop, Jr. Sells 21,200 Shares of Blue Buffalo Pet Products Inc (BUFF) Stock

Blue Buffalo Pet Products Inc (NASDAQ:BUFF) insider William W. Bishop, Jr. sold 21,200 shares of Blue Buffalo Pet Products stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $33.24, for a total value of $704,688.00. Following the sale, the insider now directly owns 623,290 shares in the company, valued at approximately $20,718,159.60. The sale was disclosed in a document filed with the SEC, which is available at this link.

Blue Buffalo Pet Products Inc (BUFF) traded up $0.47 during midday trading on Wednesday, reaching $33.80. The company had a trading volume of 632,160 shares, compared to its average volume of 1,229,891. Blue Buffalo Pet Products Inc has a fifty-two week low of $21.51 and a fifty-two week high of $34.19. The company has a market capitalization of $6,510.00 and a P/E ratio of 38.41. The company has a quick ratio of 3.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.61.

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

Several analysts recently commented on BUFF shares. Wells Fargo & Co raised 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. Barclays reissued a “buy” rating and issued a $29.00 price objective on shares of Blue Buffalo Pet Products in a research note on Friday, November 10th. Oppenheimer reissued a “buy” rating and issued a $32.00 price objective on shares of Blue Buffalo Pet Products in a research note on Monday, November 6th. Susquehanna Bancshares set a $34.00 price objective on Blue Buffalo Pet Products and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, Zacks Investment Research raised Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Blue Buffalo Pet Products presently has an average rating of “Buy” and an average target price of $32.15.

Several institutional investors have recently made changes to their positions in the business. Advisor Group Inc. boosted its position in shares of Blue Buffalo Pet Products by 6.5% during the second quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock worth $103,000 after buying an additional 277 shares during the period. First Trust Advisors LP boosted its position in shares of Blue Buffalo Pet Products by 6.7% during the third quarter. First Trust Advisors LP now owns 161,443 shares of the company’s stock worth $4,577,000 after buying an additional 10,163 shares during the period. Alps Advisors Inc. acquired a new position in shares of Blue Buffalo Pet Products during the third quarter worth about $519,000. Wells Fargo & Company MN boosted its position in shares of Blue Buffalo Pet Products by 14.8% during the third quarter. Wells Fargo & Company MN now owns 2,448,233 shares of the company’s stock worth $69,409,000 after buying an additional 314,874 shares during the period. Finally, Royce & Associates LP acquired a new position in shares of Blue Buffalo Pet Products during the third quarter worth about $3,119,000. Institutional investors own 94.82% 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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