Shares of Blue Buffalo Pet Products Inc. (NASDAQ:BUFF) were up 2.7% on Thursday . The stock traded as high as $25.12 and last traded at $24.67, with a volume of 766,450 shares trading hands. The stock had previously closed at $24.03.

Several equities analysts have commented on the stock. Deutsche Bank AG increased their price target on shares of Blue Buffalo Pet Products from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, March 9th. Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, March 10th. Wedbush increased their price target on shares of Blue Buffalo Pet Products from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, May 11th. Stephens reiterated a “hold” rating on shares of Blue Buffalo Pet Products in a research note on Thursday, June 30th. Finally, Citigroup Inc. assumed coverage on shares of Blue Buffalo Pet Products in a research note on Tuesday. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $28.13.

The firm’s 50-day moving average price is $25.01 and its 200-day moving average price is $21.94. The stock has a market cap of $4.95 billion and a PE ratio of 51.43.

Blue Buffalo Pet Products (NASDAQ:BUFF) last released its quarterly earnings results on Tuesday, May 10th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $279.84 million for the quarter, compared to analyst estimates of $274.63 million. Blue Buffalo Pet Products’s revenue was up 12.5% on a year-over-year basis. Equities research analysts anticipate that Blue Buffalo Pet Products Inc. will post $0.74 earnings per share for the current year.

In related news, CEO Kurt Schmidt sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $21.29, for a total transaction of $3,193,500.00. Following the transaction, the chief executive officer now directly owns 203,571 shares of the company’s stock, valued at approximately $4,334,026.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of institutional investors recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its position in Blue Buffalo Pet Products by 2,686.4% in the fourth quarter. Neuberger Berman Group LLC now owns 1,392,199 shares of the company’s stock valued at $26,048,000 after buying an additional 1,342,235 shares during the period. Eaton Vance Management bought a new position in Blue Buffalo Pet Products during the fourth quarter valued at approximately $15,346,000. Carbonado Capital bought a new position in Blue Buffalo Pet Products during the fourth quarter valued at approximately $13,097,000. California Public Employees Retirement System bought a new position in Blue Buffalo Pet Products during the fourth quarter valued at approximately $3,749,000. Finally, Old Mutual Global Investors UK Ltd. bought a new position in Blue Buffalo Pet Products during the fourth quarter valued at approximately $3,109,000.

Blue Buffalo Pet Products, Inc (BBPP) is a holding company. The Company, through its subsidiaries, develops, produces, markets and sells pet food under the BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines. Blue Buffalo Company, Ltd. (Blue), Blue Buffalo Import Mexico, S.

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