Blue Buffalo Pet Products, Inc. (BUFF) Files Form 4 Insider Selling : Kurt Schmidt Sells 150,000 Shares

Blue Buffalo Pet Products, Inc. (BUFF): Kurt Schmidt , Chief Executive Officer of Blue Buffalo Pet Products, Inc. sold 150,000 shares on Jul 5, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $21.28 per share for a total value of $3,192,750.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 27, 2015, Christopher T Bishop (10% owner) sold 402,577 shares at $20.00 per share price.On Jul 27, 2015, William W Jr Bishop (President and COO) sold 548,536 shares at $20.00 per share price.Also, On Jul 27, 2015, Michael Nathenson (EVP, CFO and Treasurer) sold 63,758 shares at $20.00 per share price.On Jul 27, 2015, Kurt Schmidt (Chief Executive Officer) sold 239,094 shares at $20.00 per share price.

Shares of Blue Buffalo Pet Products Inc (BUFF) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -0.55% at $23.62 with 13,02,479 shares getting traded. Post opening the session at $23.72, the shares hit an intraday low of $23.31 and an intraday high of $24 and the price vacillated in this range throughout the day. The company has a market cap of $4,635 M and the number of outstanding shares has been calculated to be 19,62,38,320 shares. The 52-week high of Blue Buffalo Pet Products Inc is $28.8 and the 52-week low is $15.19.

Blue Buffalo Pet Products Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Blue Buffalo Pet Products Inc is Resumed by Citigroup to Buy. The Rating was issued on Jul 5, 2016.Blue Buffalo Pet Products Inc is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 22 from a previous price target of $20 .The Rating was issued on May 11, 2016.

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.

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