PEAK6 Investments L.P. acquired a new position in shares of Blue Buffalo Pet Products (NASDAQ:BUFF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,960 shares of the company’s stock, valued at approximately $261,000.
Several other institutional investors have also recently added to or reduced their stakes in BUFF. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Blue Buffalo Pet Products by 44.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,388 shares of the company’s stock valued at $177,000 after buying an additional 1,656 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Blue Buffalo Pet Products by 9.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,070 shares of the company’s stock valued at $138,000 after buying an additional 533 shares during the last quarter. Pitcairn Co. acquired a new position in shares of Blue Buffalo Pet Products during the 4th quarter worth approximately $207,000. CIBC Asset Management Inc acquired a new position in shares of Blue Buffalo Pet Products during the 4th quarter worth approximately $212,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Blue Buffalo Pet Products by 62.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,462 shares of the company’s stock worth $184,000 after purchasing an additional 2,494 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.
A number of brokerages have issued reports on BUFF. ValuEngine upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Societe Generale downgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Oppenheimer reissued a “buy” rating and issued a $37.00 price objective on shares of Blue Buffalo Pet Products in a research note on Wednesday, January 24th. Citigroup increased their price objective on shares of Blue Buffalo Pet Products from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, BidaskClub downgraded shares of Blue Buffalo Pet Products from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.50.
NASDAQ:BUFF traded down $0.01 during trading hours on Friday, reaching $39.92. The company had a trading volume of 3,773,074 shares, compared to its average volume of 3,762,210. The company has a current ratio of 3.74, a quick ratio of 3.17 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $7,810.11, a price-to-earnings ratio of 42.02, a PEG ratio of 1.41 and a beta of 1.38. Blue Buffalo Pet Products has a twelve month low of $21.51 and a twelve month high of $40.15.
Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Blue Buffalo Pet Products had a net margin of 15.18% and a return on equity of 77.83%. The business had revenue of $336.96 million during the quarter, compared to analysts’ expectations of $320.58 million. During the same period last year, the company posted $0.18 earnings per share. The business’s quarterly revenue was up 14.2% on a year-over-year basis. equities analysts predict that Blue Buffalo Pet Products will post 1.18 earnings per share for the current fiscal year.
In related news, insider William W. Bishop, Jr. sold 21,200 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $33.17, for a total transaction of $703,204.00. Following the transaction, the insider now directly owns 616,930 shares of the company’s stock, valued at $20,463,568.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William W. Bishop, Jr. sold 3,180 shares of Blue Buffalo Pet Products stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $39.88, for a total transaction of $126,818.40. Following the completion of the sale, the chief executive officer now directly owns 591,490 shares in the company, valued at approximately $23,588,621.20. The disclosure for this sale can be found here. Insiders sold 130,380 shares of company stock worth $4,618,250 over the last ninety days. Insiders own 7.70% of the company’s stock.
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Blue Buffalo Pet Products Profile
Blue Buffalo Pet Products, Inc, through its subsidiary, Blue Buffalo Company, Ltd., operates as a pet food company in the United States, Canada, Japan, and Mexico. It develops, produces, markets, and sells dog and cat food under the BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom, and BLUE Natural Veterinary Diet lines.
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