Blue Buffalo Pet Products, Inc. (BUFF) Position Increased by Halsey Associates Inc. CT

Halsey Associates Inc. CT increased its holdings in shares of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 520,597 shares of the company’s stock after purchasing an additional 3,115 shares during the quarter. Blue Buffalo Pet Products accounts for approximately 2.9% of Halsey Associates Inc. CT’s portfolio, making the stock its 12th biggest position. Halsey Associates Inc. CT owned about 0.26% of Blue Buffalo Pet Products worth $14,759,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BUFF. Principal Financial Group Inc. increased its position in shares of Blue Buffalo Pet Products by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 13,046 shares of the company’s stock worth $300,000 after purchasing an additional 56 shares during the last quarter. Legal & General Group Plc increased its position in shares of Blue Buffalo Pet Products by 164.6% during the 1st quarter. Legal & General Group Plc now owns 25,226 shares of the company’s stock worth $580,000 after purchasing an additional 15,692 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Blue Buffalo Pet Products by 30.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 786,099 shares of the company’s stock worth $18,080,000 after purchasing an additional 182,923 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Blue Buffalo Pet Products by 6.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 347,005 shares of the company’s stock worth $7,982,000 after purchasing an additional 21,821 shares during the last quarter. Finally, State Street Corp increased its position in shares of Blue Buffalo Pet Products by 6.6% during the 1st quarter. State Street Corp now owns 797,459 shares of the company’s stock worth $18,344,000 after purchasing an additional 49,687 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Blue Buffalo Pet Products, Inc. (NASDAQ BUFF) traded up $0.07 during trading on Monday, reaching $29.06. The company had a trading volume of 1,239,400 shares, compared to its average volume of 1,430,358. The company has a quick ratio of 3.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.61. The stock has a market cap of $5,670.00 and a PE ratio of 32.65. Blue Buffalo Pet Products, Inc. has a 12 month low of $21.51 and a 12 month high of $29.84.

Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $340.85 million during the quarter, compared to analysts’ expectations of $323.05 million. Blue Buffalo Pet Products had a return on equity of 86.23% and a net margin of 14.17%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. equities research analysts anticipate that Blue Buffalo Pet Products, Inc. will post 0.91 EPS for the current year.

Blue Buffalo Pet Products declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 8th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 1.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

In other news, CFO Michael Nathenson sold 37,072 shares of Blue Buffalo Pet Products stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $25.58, for a total value of $948,301.76. Following the completion of the transaction, the chief financial officer now owns 37,072 shares in the company, valued at approximately $948,301.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William W. Bishop, Jr. sold 3,180 shares of Blue Buffalo Pet Products stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $28.02, for a total value of $89,103.60. Following the completion of the transaction, the chief executive officer now owns 648,730 shares of the company’s stock, valued at approximately $18,177,414.60. The disclosure for this sale can be found here. Insiders sold a total of 133,107 shares of company stock valued at $3,555,032 in the last quarter. Company insiders own 7.70% of the company’s stock.

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A number of brokerages recently commented on BUFF. TheStreet upgraded Blue Buffalo Pet Products from a “c” rating to a “b-” rating in a report on Friday, August 11th. Susquehanna Bancshares Inc restated a “buy” rating and set a $30.00 target price (down from $32.00) on shares of Blue Buffalo Pet Products in a report on Monday, August 7th. Barclays PLC restated a “buy” rating and set a $27.00 target price on shares of Blue Buffalo Pet Products in a report on Friday, August 11th. Gabelli began coverage on Blue Buffalo Pet Products in a report on Wednesday, September 6th. They set a “buy” rating and a $33.00 target price for the company. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $32.00 target price (up from $25.00) on shares of Blue Buffalo Pet Products in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $29.80.

Blue Buffalo Pet Products Profile

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.

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Institutional Ownership by Quarter for Blue Buffalo Pet Products (NASDAQ:BUFF)

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