Royce & Associates LP Purchases Shares of 110,000 Blue Buffalo Pet Products Inc (BUFF)

Royce & Associates LP bought a new position in shares of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 110,000 shares of the company’s stock, valued at approximately $3,119,000. Royce & Associates LP owned 0.06% of Blue Buffalo Pet Products as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. US Bancorp DE lifted its holdings in shares of Blue Buffalo Pet Products by 24.6% in the second quarter. US Bancorp DE now owns 8,960 shares of the company’s stock worth $205,000 after buying an additional 1,767 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Blue Buffalo Pet Products by 19.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 415,310 shares of the company’s stock worth $9,474,000 after buying an additional 68,305 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Blue Buffalo Pet Products by 29.0% in the second quarter. First Mercantile Trust Co. now owns 7,539 shares of the company’s stock worth $172,000 after buying an additional 1,693 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Blue Buffalo Pet Products by 54.4% in the second quarter. Rhumbline Advisers now owns 105,021 shares of the company’s stock worth $2,396,000 after buying an additional 37,021 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its holdings in shares of Blue Buffalo Pet Products by 56.6% in the second quarter. State of Wisconsin Investment Board now owns 18,616 shares of the company’s stock worth $425,000 after buying an additional 6,730 shares in the last quarter. Hedge funds and other institutional investors own 94.77% of the company’s stock.

In other news, insider William W. Bishop, Jr. sold 21,200 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $28.58, for a total transaction of $605,896.00. Following the sale, the insider now owns 655,090 shares in the company, valued at approximately $18,722,472.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William W. Bishop, Jr. sold 3,180 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $28.02, for a total transaction of $89,103.60. Following the sale, the chief executive officer now owns 648,730 shares in the company, valued at approximately $18,177,414.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 196,723 shares of company stock worth $6,199,844. 7.70% of the stock is currently owned by company insiders.

A number of equities research analysts have recently issued reports on the stock. Oppenheimer reissued a “buy” rating and issued 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 raised their target price on shares of Blue Buffalo Pet Products from $30.00 to $32.00 and gave the company a “positive” rating in a research note on Thursday, September 21st. Sanford C. Bernstein began coverage on shares of Blue Buffalo Pet Products in a research note on Wednesday, September 13th. They issued a “market perform” rating and a $29.00 target price on the stock. Delafield Hambrecht downgraded shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Finally, BidaskClub raised shares of Blue Buffalo Pet Products from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Blue Buffalo Pet Products currently has a consensus rating of “Buy” and a consensus price target of $31.25.

Blue Buffalo Pet Products Inc (NASDAQ:BUFF) traded up $0.85 during trading hours on Thursday, reaching $33.22. 1,109,765 shares of the company traded hands, compared to its average volume of 1,226,683. The company has a market capitalization of $6,490.00 and a PE ratio of 37.75. Blue Buffalo Pet Products Inc has a twelve month low of $21.51 and a twelve month high of $33.63. The company has a current ratio of 4.22, a quick ratio of 3.62 and a debt-to-equity ratio of 1.61.

Blue Buffalo Pet Products (NASDAQ:BUFF) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $340.85 million for the quarter, compared to analysts’ expectations of $323.05 million. Blue Buffalo Pet Products had a net margin of 14.17% and a return on equity of 86.23%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. analysts predict that Blue Buffalo Pet Products Inc will post 0.91 earnings per share for the current fiscal year.

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Blue Buffalo Pet Products Company Profile

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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