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

BUFF has been the subject of several recent analyst reports. Wedbush reiterated a “neutral” rating and issued a $22.00 target price on shares of Blue Buffalo Pet Products in a research note on Wednesday, June 1st. Citigroup Inc. initiated coverage on shares of Blue Buffalo Pet Products in a research note on Tuesday. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, June 15th. Finally, Stephens reiterated a “hold” rating on shares of Blue Buffalo Pet Products in a research note on Thursday, June 30th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $28.13.

The company has a market cap of $5.00 billion and a PE ratio of 52.04. The firm’s 50-day moving average is $24.99 and its 200-day moving average is $22.02.

Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its 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 business had revenue of $279.84 million for the quarter, compared to the consensus estimate of $274.63 million. Blue Buffalo Pet Products’s revenue was up 12.5% compared to the same quarter last year. Equities analysts anticipate that Blue Buffalo Pet Products Inc. will post $0.74 earnings per share for the current year.

In other news, CEO Kurt Schmidt sold 150,000 shares of the business’s stock in a transaction dated Tuesday, July 5th. The shares were 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 directly owns 203,571 shares of the company’s stock, valued at $4,334,026.59. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director L.P. Invus sold 15,014,548 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $21.29, for a total transaction of $319,659,726.92. The disclosure for this sale can be found here.

Other large investors have bought and sold shares of the company. Swiss National Bank acquired a new stake in Blue Buffalo Pet Products during the fourth quarter valued at approximately $1,050,000. New York State Common Retirement Fund increased its stake in Blue Buffalo Pet Products by 153.9% in the fourth quarter. New York State Common Retirement Fund now owns 85,900 shares of the company’s stock valued at $1,607,000 after buying an additional 52,065 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in Blue Buffalo Pet Products by 625.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 145,000 shares of the company’s stock valued at $2,713,000 after buying an additional 125,000 shares during the last quarter. Sei Investments Co. acquired a new stake in Blue Buffalo Pet Products during the fourth quarter valued at approximately $2,816,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake 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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