Blue Buffalo Pet Products Inc. (NASDAQ:BUFF) shares saw unusually-high trading volume on Friday . Approximately 4,533,504 shares were traded 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.

BUFF has been the subject of several recent analyst reports. Wedbush reissued a “neutral” rating and issued a $22.00 price target on shares of Blue Buffalo Pet Products in a report on Wednesday, June 1st. Citigroup Inc. assumed coverage on Blue Buffalo Pet Products in a research note on Tuesday, July 5th. They issued a “buy” rating for the company. Zacks Investment Research raised Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, June 15th. Finally, Stephens reaffirmed a “hold” rating on shares of Blue Buffalo Pet Products in a research note on Thursday, June 30th. 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 an average target price of $28.13.

The company has a market capitalization of $5.00 billion and a P/E ratio of 52.04. The firm has a 50-day moving average of $24.99 and a 200-day moving average of $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, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The company had revenue of $279.84 million for the quarter, compared to the consensus estimate of $274.63 million. The firm’s revenue was up 12.5% compared to the same quarter last year. On average, analysts forecast that Blue Buffalo Pet Products Inc. will post $0.74 EPS for the current fiscal year.

In other news, Director L.P. Invus sold 15,014,548 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 $319,659,726.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $3,193,500.00. Following the transaction, the chief executive officer now owns 203,571 shares of the company’s stock, valued at $4,334,026.59. The disclosure for this sale can be found here.

Other institutional investors have modified their holdings of the company. Neuberger Berman Group LLC increased its position in shares of 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 in the last quarter. Swiss National Bank acquired a new position in shares of Blue Buffalo Pet Products during the fourth quarter valued at about $1,050,000. Sei Investments Co. acquired a new position in shares of Blue Buffalo Pet Products during the fourth quarter valued at about $2,816,000. California Public Employees Retirement System acquired a new position in shares of Blue Buffalo Pet Products during the fourth quarter valued at about $3,749,000. Finally, Columbus Circle Investors increased its position in shares of 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 in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.