Blue Buffalo Pet Products Inc. (NASDAQ:BUFF) has earned an average recommendation of “Buy” from the nine research firms that are presently covering the firm. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $29.00.

A number of equities analysts recently commented on the company. Wedbush reiterated a “neutral” rating and issued a $25.00 price target (up from $24.00) on shares of Blue Buffalo Pet Products in a research note on Wednesday, August 10th. Zacks Investment Research cut shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. JPMorgan Chase & Co. raised their target price on shares of Blue Buffalo Pet Products from $28.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. Deutsche Bank AG raised their target price on shares of Blue Buffalo Pet Products from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Finally, Citigroup Inc. raised their target price on shares of Blue Buffalo Pet Products from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 11th.

In related news, CEO Kurt Schmidt sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $24.83, for a total transaction of $1,241,500.00. Following the transaction, the chief executive officer now owns 103,571 shares in the company, valued at $2,571,667.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director L.P. Invus sold 12,512,124 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $24.83, for a total transaction of $310,676,038.92. The disclosure for this sale can be found here. Insiders own 10.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Columbus Circle Investors raised its position in Blue Buffalo Pet Products by 12.0% in the second quarter. Columbus Circle Investors now owns 991,243 shares of the company’s stock worth $23,136,000 after buying an additional 106,545 shares in the last quarter. California State Teachers Retirement System raised its position in Blue Buffalo Pet Products by 51.3% in the second quarter. California State Teachers Retirement System now owns 125,973 shares of the company’s stock worth $2,940,000 after buying an additional 42,729 shares in the last quarter. Ngam Advisors L.P. bought a new position in Blue Buffalo Pet Products during the second quarter worth approximately $297,000. Bank of New York Mellon Corp raised its position in Blue Buffalo Pet Products by 1,664.1% in the second quarter. Bank of New York Mellon Corp now owns 1,886,140 shares of the company’s stock worth $44,021,000 after buying an additional 1,779,224 shares in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new position in Blue Buffalo Pet Products during the second quarter worth approximately $222,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

Blue Buffalo Pet Products (NASDAQ:BUFF) opened at 23.55 on Monday. The firm’s 50-day moving average price is $24.26 and its 200 day moving average price is $25.02. The firm has a market cap of $4.63 billion, a PE ratio of 44.35 and a beta of 2.27. Blue Buffalo Pet Products has a 52-week low of $15.19 and a 52-week high of $27.50.

Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings results on Thursday, November 10th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The business earned $288 million during the quarter, compared to the consensus estimate of $290.29 million. Blue Buffalo Pet Products had a return on equity of 242.34% and a net margin of 9.38%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. On average, equities analysts anticipate that Blue Buffalo Pet Products will post $0.79 earnings per share for the current year.

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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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