Blue Buffalo Pet Products Inc. (NASDAQ:BUFF) dropped 1.1% during trading on Monday . The stock traded as low as $24.34 and last traded at $24.48, with a volume of 702,107 shares trading hands. The stock had previously closed at $24.76.

BUFF has been the topic of several analyst reports. Zacks Investment Research upgraded Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, June 15th. Citigroup Inc. lifted their price objective on Blue Buffalo Pet Products from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Oppenheimer Holdings Inc. assumed coverage on Blue Buffalo Pet Products in a report on Thursday, September 8th. They set an “outperform” rating and a $30.00 price objective on the stock. Wedbush restated a “neutral” rating and set a $25.00 price objective (up from $24.00) on shares of Blue Buffalo Pet Products in a report on Wednesday, August 10th. Finally, Stephens restated a “hold” rating on shares of Blue Buffalo Pet Products in a report on Thursday, June 30th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Blue Buffalo Pet Products has an average rating of “Buy” and a consensus price target of $28.86.

The company has a 50-day moving average of $25.76 and a 200 day moving average of $25.00. The stock has a market capitalization of $4.75 billion, a P/E ratio of 43.98 and a beta of 2.37.

Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its earnings results on Wednesday, August 10th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Blue Buffalo Pet Products had a return on equity of 406.20% and a net margin of 10.14%. The firm had revenue of $286.85 million for the quarter, compared to the consensus estimate of $281.90 million. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts expect that Blue Buffalo Pet Products Inc. will post $0.76 earnings per share for the current year.

In other news, CEO Kurt Schmidt sold 50,000 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $24.83, for a total transaction of $1,241,500.00. Following the completion of the sale, the chief executive officer now owns 103,571 shares in the company, valued at approximately $2,571,667.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director L.P. Invus sold 15,014,548 shares of the company’s 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. 10.30% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in BUFF. Bayesian Capital Management LP bought a new stake in Blue Buffalo Pet Products during the first quarter valued at about $400,000. Wellington Management Group LLP increased its stake in Blue Buffalo Pet Products by 0.6% in the first quarter. Wellington Management Group LLP now owns 31,703 shares of the company’s stock valued at $813,000 after buying an additional 177 shares during the period. Quadrature Capital Ltd bought a new stake in Blue Buffalo Pet Products during the first quarter valued at about $684,000. Primecap Management Co. CA increased its stake in Blue Buffalo Pet Products by 3.8% in the first quarter. Primecap Management Co. CA now owns 982,400 shares of the company’s stock valued at $25,208,000 after buying an additional 35,834 shares during the period. Finally, State Street Corp increased its stake in Blue Buffalo Pet Products by 7.3% in the first quarter. State Street Corp now owns 453,795 shares of the company’s stock valued at $11,647,000 after buying an additional 30,831 shares during the period. Institutional investors own 90.07% of the company’s stock.

Blue Buffalo Pet Products Company Profile

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.

5 Day Chart for NASDAQ:BUFF

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