Stocks of Blue Buffalo Pet Products (NASDAQ:BUFF) rallied by 0.41% during the past week but lost 5.64% on a 4-week basis. The company has outperformed the S&P 500 by 1.61% in the past week but underperformed the index by 6.5% in the last 4 weeks.
Blue Buffalo Pet Products (NASDAQ:BUFF): The stock opened at $24.55 on Friday but the bulls could not build on the opening and the stock topped out at $24.69 for the day. The stock traded down to $24.19 during the day, due to lack of any buying support eventually closed down at $24.58 with a loss of -0.36% for the day. The stock had closed at $24.67 on the previous day. The total traded volume was 1,691,502 shares.
On the companys insider trading activities, The officer (EVP, CFO and Treasurer), of Blue Buffalo Pet Products, Inc., Nathenson Michael had unloaded 63,758 shares at $20 per share in a transaction on July 27, 2015. The total value of transaction was $1,275,160. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Blue Buffalo Pet Products (NASDAQ:BUFF). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Deutsche Bank raises the price target from $22 per share to $25 per share. The rating by the firm was issued on March 9, 2016. Currently the company Insiders own 10.3% of Blue Buffalo Pet Products shares according to the proxy statements. Institutional Investors own 83.68% of Blue Buffalo Pet Products shares.
Blue Buffalo Pet Products, Inc. is a pet food company in the United States, selling dog and cat food made with whole meats, fruits and vegetables, and other natural ingredients. The Company has built four product lines under its BLUE brand. The Company develops, produces, markets and sells pet food under its product lines, which include BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics and BLUE Freedom. Each line of pet food includes different product types for dogs and cats, such as dry food, wet food and treats. The Company also produces and sells cat litter products under the BLUE Naturally Fresh line. The Company sells its products in the specialty channels, either directly to retailers or through distributors. The specialty channels include national pet superstore chains, regional pet store chains, neighborhood pet stores, veterinary clinics, farm and feed stores, e-commerce retailers, military outlets and hardware stores.