Blue Buffalo Pet Products Inc (NASDAQ:BUFF) was the recipient of unusually large options trading activity on Monday. Investors purchased 18,730 call options on the company. This is an increase of 980% compared to the average volume of 1,735 call options.
In other news, CFO Michael Nathenson sold 62,708 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $32.72, for a total value of $2,051,805.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William W. Bishop, Jr. sold 21,200 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $32.25, for a total transaction of $683,700.00. Following the completion of the sale, the insider now directly owns 636,010 shares in the company, valued at $20,511,322.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,288 shares of company stock worth $6,977,870. Insiders own 7.70% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in Blue Buffalo Pet Products by 9.6% in the second quarter. The Manufacturers Life Insurance Company now owns 6,070 shares of the company’s stock valued at $138,000 after purchasing an additional 533 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Blue Buffalo Pet Products by 44.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,388 shares of the company’s stock worth $177,000 after acquiring an additional 1,656 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Blue Buffalo Pet Products by 11.5% during the third quarter. Pacer Advisors Inc. now owns 20,325 shares of the company’s stock worth $576,000 after acquiring an additional 2,099 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Blue Buffalo Pet Products by 62.9% during the third quarter. Envestnet Asset Management Inc. now owns 6,462 shares of the company’s stock worth $184,000 after acquiring an additional 2,494 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Blue Buffalo Pet Products by 2.0% during the third quarter. California Public Employees Retirement System now owns 144,500 shares of the company’s stock worth $4,097,000 after acquiring an additional 2,800 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Blue Buffalo Pet Products (NASDAQ BUFF) opened at $39.95 on Tuesday. The firm has a market cap of $7,810.52, a P/E ratio of 41.19, a P/E/G ratio of 2.35 and a beta of 1.83. The company has a debt-to-equity ratio of 1.61, a current ratio of 4.22 and a quick ratio of 3.62. Blue Buffalo Pet Products has a one year low of $21.51 and a one year high of $40.08.
Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its earnings results on Friday, February 23rd. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $336.96 million for the quarter, compared to the consensus estimate of $320.58 million. Blue Buffalo Pet Products had a net margin of 15.18% and a return on equity of 84.29%. Blue Buffalo Pet Products’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm posted $0.18 earnings per share. equities analysts anticipate that Blue Buffalo Pet Products will post 1.07 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This article was reported by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/3225337/blue-buffalo-pet-products-target-of-unusually-high-options-trading-buff.html.
About Blue Buffalo Pet Products
Blue Buffalo Pet Products, Inc (BBPP) is a holding company. The Company operates as a pet food company. The Company, through its subsidiaries, develops, produces, markets and sells pet food under product lines, including BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines.
Receive News & Ratings for Blue Buffalo Pet Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Buffalo Pet Products and related companies with MarketBeat.com's FREE daily email newsletter.