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 on Tuesday, January 9th. The stock was sold at an average price of $33.24, for a total transaction of $704,688.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Blue Buffalo Pet Products Inc (BUFF) traded down $0.93 during trading hours on Wednesday, hitting $32.37. 564,680 shares of the company were exchanged, compared to its average volume of 1,180,000. 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 Inc has a twelve month low of $21.51 and a twelve month high of $33.63. The company has a market cap of $6,320.00 and a P/E ratio of 36.78.

Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its quarterly earnings data 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. Blue Buffalo Pet Products had a net margin of 14.17% and a return on equity of 86.23%. The business had revenue of $340.85 million during the quarter, compared to the consensus estimate of $323.05 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. analysts expect that Blue Buffalo Pet Products Inc will post 0.91 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on BUFF shares. BidaskClub downgraded shares of Blue Buffalo Pet Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. Zacks Investment Research raised shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, October 10th. Oppenheimer reissued a “buy” rating and issued 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. Wells Fargo & Co raised shares of Blue Buffalo Pet Products to a “buy” rating and set a $36.00 target price for the company in a research report on Friday, December 8th. Finally, Barclays reissued a “buy” rating and issued a $29.00 target price on shares of Blue Buffalo Pet Products in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $31.25.

Large investors have recently made changes to their positions in the stock. Advisor Group Inc. grew its position in shares of Blue Buffalo Pet Products by 6.5% during the 2nd 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. First Trust Advisors LP grew its position in shares of Blue Buffalo Pet Products by 6.7% during the 3rd quarter. First Trust Advisors LP now owns 161,443 shares of the company’s stock valued at $4,577,000 after buying an additional 10,163 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of Blue Buffalo Pet Products during the 3rd quarter valued at about $519,000. Wells Fargo & Company MN grew its position in shares of Blue Buffalo Pet Products by 14.8% during the 3rd quarter. Wells Fargo & Company MN now owns 2,448,233 shares of the company’s stock valued at $69,409,000 after buying an additional 314,874 shares during the last quarter. Finally, Investec Asset Management LTD bought a new stake in shares of Blue Buffalo Pet Products during the 3rd quarter valued at about $4,635,000. 94.77% of the stock is owned by institutional investors and hedge funds.

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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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