10,800 Shares in Blue Buffalo Pet Products Inc (BUFF) Purchased by Weik Capital Management

Weik Capital Management purchased a new position in Blue Buffalo Pet Products Inc (NASDAQ:BUFF) in the fourth quarter, HoldingsChannel reports. The firm purchased 10,800 shares of the company’s stock, valued at approximately $354,000.

A number of other hedge funds have also modified their holdings of the business. Advisor Group Inc. grew its position in shares of 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 in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Blue Buffalo Pet Products by 44.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,388 shares of the company’s stock valued at $177,000 after purchasing an additional 1,656 shares in the last quarter. Turner Investments LLC purchased a new position in shares of Blue Buffalo Pet Products during the third quarter valued at about $184,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Blue Buffalo Pet Products by 62.9% during the third quarter. Envestnet Asset Management Inc. now owns 6,462 shares of the company’s stock valued at $184,000 after purchasing an additional 2,494 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Blue Buffalo Pet Products Inc (NASDAQ:BUFF) opened at $34.80 on Thursday. The company has a market capitalization of $6,787.35, a PE ratio of 40.00, a P/E/G ratio of 2.04 and a beta of 1.83. Blue Buffalo Pet Products Inc has a 12-month low of $21.51 and a 12-month high of $35.81. The company has a debt-to-equity ratio of 1.61, a current ratio of 4.22 and a quick ratio of 3.62.

A number of brokerages have recently weighed in on BUFF. Citigroup raised their price objective on Blue Buffalo Pet Products from $33.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research upgraded Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Monday, January 15th. Oppenheimer restated a “buy” rating and set a $37.00 price objective on shares of Blue Buffalo Pet Products in a research report on Wednesday, January 24th. BidaskClub lowered Blue Buffalo Pet Products from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Finally, Susquehanna Bancshares set a $41.00 price objective on Blue Buffalo Pet Products and gave the company a “buy” rating in a research report on Thursday, December 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Blue Buffalo Pet Products presently has a consensus rating of “Buy” and an average target price of $32.54.

In related news, insider William W. Bishop, Jr. sold 21,200 shares of Blue Buffalo Pet Products stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $33.08, for a total value of $701,296.00. Following the completion of the transaction, the insider now owns 604,210 shares in the company, valued at $19,987,266.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William W. Bishop, Jr. sold 3,180 shares of Blue Buffalo Pet Products stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $32.41, for a total value of $103,063.80. Following the completion of the transaction, the chief executive officer now owns 629,650 shares of the company’s stock, valued at approximately $20,406,956.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 214,288 shares of company stock valued at $6,977,870. 7.70% of the stock is currently owned by company insiders.

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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.

Want to see what other hedge funds are holding BUFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Buffalo Pet Products Inc (NASDAQ:BUFF).

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

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