Blue Buffalo Pet Products Inc. (NASDAQ:BUFF) traded up 3.9% during trading on Monday . The company traded as high as $26.02 and last traded at $25.81, with a volume of 506,625 shares. The stock had previously closed at $24.85.

A number of equities research analysts have commented on the company. Wedbush raised their price objective on Blue Buffalo Pet Products from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday. Stephens restated a “hold” rating on shares of Blue Buffalo Pet Products in a research report on Thursday, June 30th. Zacks Investment Research lowered Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Finally, Citigroup Inc. started coverage on Blue Buffalo Pet Products in a report on Tuesday, July 5th. They set a “buy” rating for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $28.38.

The firm has a 50 day moving average of $24.93 and a 200-day moving average of $22.22. The company has a market capitalization of $5.07 billion and a PE ratio of 52.76.

Blue Buffalo Pet Products (NASDAQ:BUFF) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The company earned $279.84 million during the quarter, compared to the consensus estimate of $274.63 million. The company’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts predict 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 stock in a transaction dated 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 sale, the chief executive officer now directly owns 203,571 shares in the company, valued at $4,334,026.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director L.P. Invus sold 15,014,548 shares of the stock in a transaction dated Tuesday, July 5th. The stock was 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.

Other large investors have made changes to their positions in the company. Swiss National Bank acquired a new stake in shares of Blue Buffalo Pet Products during the fourth quarter valued at about $1,050,000. Employees Retirement System of Texas acquired a new stake in shares of Blue Buffalo Pet Products during the fourth quarter valued at about $1,141,000. New York State Common Retirement Fund increased its stake in shares of 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 period. State of New Jersey Common Pension Fund D increased its stake in shares of 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 period. Finally, Sei Investments Co. acquired a new stake in shares of 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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