California State Teachers Retirement System Has $4.27 Million Stake in Blue Buffalo Pet Products Inc (NASDAQ:BUFF)

California State Teachers Retirement System lessened its position in Blue Buffalo Pet Products Inc (NASDAQ:BUFF) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 150,471 shares of the company’s stock after selling 16,092 shares during the quarter. California State Teachers Retirement System owned approximately 0.08% of Blue Buffalo Pet Products worth $4,266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ETRADE Capital Management LLC grew its holdings in shares of Blue Buffalo Pet Products by 0.4% in the second quarter. ETRADE Capital Management LLC now owns 32,243 shares of the company’s stock worth $735,000 after acquiring an additional 114 shares during the period. Advisor Group Inc. grew its holdings in Blue Buffalo Pet Products by 6.5% during the second quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock valued at $103,000 after purchasing an additional 277 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Blue Buffalo Pet Products by 9.6% during 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 during the period. State Board of Administration of Florida Retirement System grew its holdings in Blue Buffalo Pet Products by 1.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 51,625 shares of the company’s stock valued at $1,178,000 after purchasing an additional 730 shares during the period. Finally, Legal & General Group Plc grew its holdings in 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 valued at $601,000 after purchasing an additional 1,128 shares during the period. Institutional investors own 94.77% of the company’s stock.

Several analysts have issued reports on the company. BidaskClub lowered Blue Buffalo Pet Products from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. Barclays reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Blue Buffalo Pet Products in a research note on Friday, November 10th. Susquehanna Bancshares set a $41.00 price objective on Blue Buffalo Pet Products and gave the stock a “buy” rating in a research note on Friday, December 22nd. Delafield Hambrecht downgraded Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Zacks Investment Research downgraded Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.25.

In related news, CEO William W. Bishop, Jr. sold 3,180 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was 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 in the company, valued at approximately $18,177,414.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William W. Bishop, Jr. sold 21,200 shares of Blue Buffalo Pet Products stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $28.58, for a total value of $605,896.00. Following 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. In the last quarter, insiders have sold 175,068 shares of company stock valued at $5,576,613. Company insiders own 7.70% of the company’s stock.

Shares of Blue Buffalo Pet Products Inc (BUFF) opened at $33.48 on Friday. The company has a current ratio of 4.22, a quick ratio of 3.62 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $6,486.64, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 1.95 and a beta of 1.95. 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 announced its earnings results 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. Blue Buffalo Pet Products had a return on equity of 86.23% and a net margin of 14.17%. The business had revenue of $340.85 million for the quarter, compared to analysts’ expectations of $323.05 million. During the same quarter last year, the firm earned $0.22 EPS. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. equities research analysts forecast that Blue Buffalo Pet Products Inc will post 0.91 earnings per share 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.

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

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