Shares of Blue Buffalo Pet Products Inc. (NASDAQ:BUFF) saw unusually-strong trading volume on Friday . Approximately 4,533,504 shares changed hands during mid-day trading, an increase of 127% from the previous session’s volume of 1,993,099 shares.The stock last traded at $25.50 and had previously closed at $25.20.

Several equities research analysts have issued reports on BUFF shares. Zacks Investment Research lowered shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Wedbush boosted their target price 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 restated a “hold” rating on shares of Blue Buffalo Pet Products in a research note on Thursday, June 30th. Finally, Citigroup Inc. started coverage on shares of Blue Buffalo Pet Products in a research note on Tuesday. They issued a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Blue Buffalo Pet Products presently has an average rating of “Buy” and a consensus target price of $28.13.

The stock has a 50-day moving average of $24.99 and a 200 day moving average of $22.02. The company has a market cap of $5.00 billion and a price-to-earnings ratio of 52.04.

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

In other Blue Buffalo Pet Products news, CEO Kurt Schmidt sold 150,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 203,571 shares of the company’s stock, valued at approximately $4,334,026.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director L.P. Invus sold 15,014,548 shares of the firm’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $21.29, for a total value of $319,659,726.92. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently bought and sold shares of BUFF. Eaton Vance Management purchased a new position in Blue Buffalo Pet Products during the fourth quarter valued at $15,346,000. Sei Investments Co. purchased a new position in Blue Buffalo Pet Products during the fourth quarter valued at $2,816,000. Columbus Circle Investors boosted its position in Blue Buffalo Pet Products by 24.7% in the fourth quarter. Columbus Circle Investors now owns 735,708 shares of the company’s stock valued at $13,765,000 after buying an additional 145,912 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in Blue Buffalo Pet Products during the fourth quarter valued at $3,109,000. Finally, Carbonado Capital purchased a new position in Blue Buffalo Pet Products during the fourth quarter valued at $13,097,000.

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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