Blue Buffalo Pet Products Inc. (NASDAQ:BUFF)’s share price was down 1.1% during trading on Tuesday . The stock traded as low as $25.54 and last traded at $25.65, with a volume of 361,600 shares. The stock had previously closed at $25.93.

Several equities analysts have recently commented on BUFF shares. Zacks Investment Research lowered shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Wedbush upped their price target on shares of Blue Buffalo Pet Products from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 11th. Stephens restated a “hold” rating on shares of Blue Buffalo Pet Products in a research report on Thursday, June 30th. Finally, Citigroup Inc. started coverage on shares of Blue Buffalo Pet Products in a research report on Tuesday, July 5th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Blue Buffalo Pet Products currently has an average rating of “Buy” and an average price target of $28.38.

The company has a market capitalization of $5.00 billion and a price-to-earnings ratio of 51.96. The firm has a 50 day moving average of $24.98 and a 200-day moving average of $22.16.

Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The business earned $279.84 million during the quarter, compared to the consensus estimate of $274.63 million. Blue Buffalo Pet Products’s revenue for the quarter 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 related news, Director L.P. Invus sold 15,014,548 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 value of $319,659,726.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $3,193,500.00. Following the completion of the transaction, the chief executive officer now directly owns 203,571 shares of the company’s stock, valued at $4,334,026.59. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently modified their holdings of BUFF. Eaton Vance Management purchased a new position in shares of 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 about $13,097,000. California Public Employees Retirement System bought a new position in Blue Buffalo Pet Products during the fourth quarter valued at about $3,749,000. Old Mutual Global Investors UK Ltd. bought a new position in Blue Buffalo Pet Products during the fourth quarter valued at about $3,109,000. Finally, Sei Investments Co. bought a new position in Blue Buffalo Pet Products during the fourth quarter valued at about $2,816,000.

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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