Blue Buffalo Pet Products Inc (BUFF) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its position in Blue Buffalo Pet Products Inc (NASDAQ:BUFF) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,500 shares of the company’s stock after acquiring an additional 2,800 shares during the quarter. California Public Employees Retirement System owned about 0.07% of Blue Buffalo Pet Products worth $4,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BUFF. Schwab Charles Investment Management Inc. lifted its holdings in shares of Blue Buffalo Pet Products by 19.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 415,310 shares of the company’s stock worth $9,474,000 after purchasing an additional 68,305 shares during the period. Rhumbline Advisers lifted its holdings in shares of Blue Buffalo Pet Products by 54.4% during the second quarter. Rhumbline Advisers now owns 105,021 shares of the company’s stock worth $2,396,000 after purchasing an additional 37,021 shares during the period. State of Wisconsin Investment Board lifted its holdings in shares of Blue Buffalo Pet Products by 56.6% during the second quarter. State of Wisconsin Investment Board now owns 18,616 shares of the company’s stock worth $425,000 after purchasing an additional 6,730 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Blue Buffalo Pet Products during the second quarter worth $138,000. Finally, Legal & General Group Plc lifted its holdings in shares of Blue Buffalo Pet Products by 4.5% during the second quarter. Legal & General Group Plc now owns 26,354 shares of the company’s stock worth $601,000 after purchasing an additional 1,128 shares during the period. 94.77% of the stock is owned by hedge funds and other institutional investors.

In other news, insider William W. Bishop, Jr. sold 21,655 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $28.78, for a total value of $623,230.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William W. Bishop, Jr. sold 21,200 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $28.58, for a total value of $605,896.00. Following the completion of the transaction, the insider now owns 655,090 shares of the company’s stock, valued at approximately $18,722,472.20. The disclosure for this sale can be found here. Insiders sold 196,723 shares of company stock valued at $6,199,844 in the last quarter. 7.70% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on the company. Oppenheimer reaffirmed a “buy” rating and set a $32.00 price target (up from $25.00) on shares of Blue Buffalo Pet Products in a report on Wednesday, September 27th. Susquehanna Bancshares set a $41.00 price target on Blue Buffalo Pet Products and gave the stock a “buy” rating in a report on Thursday, December 28th. Sanford C. Bernstein assumed coverage on Blue Buffalo Pet Products in a report on Wednesday, September 13th. They set a “market perform” rating and a $29.00 price target for the company. BidaskClub raised Blue Buffalo Pet Products from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Finally, Delafield Hambrecht downgraded Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a report on Friday, December 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.25.

Blue Buffalo Pet Products Inc (NASDAQ BUFF) opened at $32.37 on Thursday. The stock has a market capitalization of $6,320.00 and a price-to-earnings ratio of 36.78. 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 Inc has a 52-week low of $21.51 and a 52-week high of $33.63.

Blue Buffalo Pet Products (NASDAQ:BUFF) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm 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%. Blue Buffalo Pet Products’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 earnings per share. equities analysts expect that Blue Buffalo Pet Products Inc will post 0.91 EPS for the current fiscal year.

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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.

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

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