Massachusetts Financial Services Co. MA Decreases Holdings in Blue Buffalo Pet Products (BUFF)

Massachusetts Financial Services Co. MA cut its holdings in shares of Blue Buffalo Pet Products (NASDAQ:BUFF) by 61.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 924,138 shares of the company’s stock after selling 1,456,351 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.47% of Blue Buffalo Pet Products worth $36,790,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Blue Buffalo Pet Products by 8.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,056,669 shares of the company’s stock valued at $29,958,000 after buying an additional 83,623 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Blue Buffalo Pet Products by 9.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 488,354 shares of the company’s stock valued at $16,014,000 after buying an additional 43,927 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Blue Buffalo Pet Products during the 4th quarter valued at about $222,000. Personal Capital Advisors Corp lifted its holdings in shares of Blue Buffalo Pet Products by 32.5% during the 4th quarter. Personal Capital Advisors Corp now owns 147,255 shares of the company’s stock valued at $4,828,000 after buying an additional 36,127 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Blue Buffalo Pet Products during the 4th quarter valued at about $563,000. Hedge funds and other institutional investors own 94.55% of the company’s stock.

Shares of Blue Buffalo Pet Products opened at $40.00 on Thursday, Marketbeat.com reports. The company has a current ratio of 3.74, a quick ratio of 3.17 and a debt-to-equity ratio of 1.30. Blue Buffalo Pet Products has a twelve month low of $21.51 and a twelve month high of $40.15. The company has a market capitalization of $7.91 billion, a P/E ratio of 42.11, a P/E/G ratio of 1.41 and a beta of 1.38.

Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.06. Blue Buffalo Pet Products had a return on equity of 77.83% and a net margin of 15.18%. The business had revenue of $336.96 million for the quarter, compared to the consensus estimate of $320.58 million. During the same period last year, the business earned $0.18 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. research analysts forecast that Blue Buffalo Pet Products will post 1.18 EPS for the current year.

Several equities research analysts have recently issued reports on BUFF shares. Zacks Investment Research upgraded Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, February 28th. BidaskClub lowered Blue Buffalo Pet Products from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 25th. Oppenheimer reiterated a “buy” rating and set a $37.00 price target on shares of Blue Buffalo Pet Products in a report on Wednesday, January 24th. ValuEngine upgraded Blue Buffalo Pet Products from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Robert W. Baird reiterated a “hold” rating and set a $40.00 price target on shares of Blue Buffalo Pet Products in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Blue Buffalo Pet Products presently has a consensus rating of “Hold” and an average price target of $35.50.

In related news, insider William W. Bishop, Jr. sold 21,200 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $39.87, for a total value of $845,244.00. Following the transaction, the insider now directly owns 585,130 shares of the company’s stock, valued at approximately $23,329,133.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William W. Bishop, Jr. sold 3,180 shares of the firm’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $39.88, for a total value of $126,818.40. Following the completion of the transaction, the chief executive officer now directly owns 591,490 shares in the company, valued at $23,588,621.20. The disclosure for this sale can be found here. Insiders sold a total of 66,780 shares of company stock worth $2,664,882 over the last three months. 7.70% of the stock is owned by company insiders.

Blue Buffalo Pet Products Company 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.

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

Receive News & Ratings for Blue Buffalo Pet Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Buffalo Pet Products and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply