Blue Buffalo Pet Products Inc (NASDAQ:BUFF) Insider Sells $704,688.00 in 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 dated Tuesday, January 9th. The shares were sold at an average price of $33.24, for a total value of $704,688.00. Following the completion of the transaction, the insider now owns 623,290 shares of the company’s stock, valued at approximately $20,718,159.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) traded down $0.90 during midday trading on Friday, hitting $33.26. The stock had a trading volume of 986,242 shares, compared to its average volume of 957,095. The firm has a market capitalization of $6,490.00 and a PE ratio of 37.80. The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.62 and a current ratio of 4.22. Blue Buffalo Pet Products Inc has a twelve month low of $21.51 and a twelve month high of $34.31.

Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $340.85 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the firm earned $0.22 earnings per share. sell-side analysts expect that Blue Buffalo Pet Products Inc will post 0.91 earnings per share for the current fiscal year.

BUFF has been the subject of several research reports. Zacks Investment Research upgraded Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, October 10th. JPMorgan Chase & Co. lowered Blue Buffalo Pet Products from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 17th. 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. Oppenheimer restated a “buy” rating and issued a $32.00 price target on shares of Blue Buffalo Pet Products in a research report on Monday, November 6th. Finally, Barclays reiterated a “buy” rating and issued a $29.00 price objective on shares of Blue Buffalo Pet Products in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $32.54.

A number of large investors have recently bought and sold shares of the stock. ETRADE Capital Management LLC grew its holdings in shares of Blue Buffalo Pet Products by 0.4% during the second quarter. ETRADE Capital Management LLC now owns 32,243 shares of the company’s stock worth $735,000 after purchasing an additional 114 shares during the last quarter. Advisor Group Inc. grew its holdings 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 purchasing an additional 277 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Blue Buffalo Pet Products by 9.6% during the second quarter. The Manufacturers Life Insurance Company now owns 6,070 shares of the company’s stock worth $138,000 after purchasing an additional 533 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Blue Buffalo Pet Products by 1.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 51,625 shares of the company’s stock worth $1,178,000 after purchasing an additional 730 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Blue Buffalo Pet Products by 4.5% during the second quarter. Legal & General Group Plc now owns 26,354 shares of the company’s stock worth $601,000 after purchasing an additional 1,128 shares during the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

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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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