Shares of Blue Buffalo Pet Products Inc. (NASDAQ:BUFF) traded down 1.1% during mid-day trading on Tuesday . The company traded as low as $25.54 and last traded at $25.65, with a volume of 361,600 shares changing hands. The stock had previously closed at $25.93.

A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup Inc. assumed coverage on shares of Blue Buffalo Pet Products in a report on Tuesday, July 5th. They issued a “buy” rating for the company. Stephens reissued a “hold” rating on shares of Blue Buffalo Pet Products in a report on Thursday, June 30th. Finally, Wedbush reissued a “neutral” rating and issued a $22.00 price objective on shares of Blue Buffalo Pet Products in a report on Wednesday, June 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Blue Buffalo Pet Products has an average rating of “Buy” and a consensus target price of $28.13.

The company’s 50-day moving average is $24.99 and its 200 day moving average is $22.11. The company has a market capitalization of $5.12 billion and a price-to-earnings ratio of 53.24.

Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $279.84 million for the quarter, compared to analysts’ expectations of $274.63 million. The business’s revenue was up 12.5% compared to the same quarter last year. On average, analysts expect 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 Blue Buffalo Pet Products stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $21.29, for a total value of $3,193,500.00. Following the completion of the transaction, the chief executive officer now owns 203,571 shares in the company, valued at $4,334,026.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director L.P. Invus sold 15,014,548 shares of Blue Buffalo Pet Products 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.

Several institutional investors have bought and sold shares of BUFF. Swiss National Bank acquired a new position in Blue Buffalo Pet Products during the fourth quarter valued at $1,050,000. New York State Common Retirement Fund increased its position 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 position 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 position in Blue Buffalo Pet Products during the fourth quarter valued at $2,816,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in Blue Buffalo Pet Products during the fourth quarter valued at $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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