Royce & Associates LP Invests $3.12 Million in Blue Buffalo Pet Products Inc (BUFF)

Royce & Associates LP acquired a new stake in Blue Buffalo Pet Products Inc (NASDAQ:BUFF) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. ETRADE Capital Management LLC grew its position in shares of Blue Buffalo Pet Products by 0.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 32,243 shares of the company’s stock valued at $735,000 after acquiring an additional 114 shares during the period. Advisor Group Inc. grew its position in shares of Blue Buffalo Pet Products by 6.5% in the 2nd quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock valued at $103,000 after acquiring an additional 277 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of 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 acquiring an additional 533 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Blue Buffalo Pet Products by 1.4% in the 2nd 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 acquiring an additional 730 shares during the period. Finally, Willingdon Wealth Management grew its position in shares of Blue Buffalo Pet Products by 1.4% in the 2nd quarter. Willingdon Wealth Management now owns 71,937 shares of the company’s stock valued at $1,641,000 after acquiring an additional 999 shares during the period. 94.77% of the stock is owned by institutional investors.

In other Blue Buffalo Pet Products news, 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 completion of 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William W. Bishop, Jr. sold 3,180 shares of Blue Buffalo Pet Products stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $28.02, for a total transaction of $89,103.60. Following the completion of the sale, the chief executive officer now owns 648,730 shares of the company’s stock, valued at approximately $18,177,414.60. The disclosure for this sale can be found here. Insiders sold a total of 88,435 shares of company stock valued at $2,652,771 in the last quarter. Corporate insiders own 7.70% of the company’s stock.

Shares of Blue Buffalo Pet Products Inc (BUFF) opened at $31.50 on Wednesday. The company has a market cap of $6,248.42, a PE ratio of 35.96, a P/E/G ratio of 2.19 and a beta of 1.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.62 and a current ratio of 4.22. Blue Buffalo Pet Products Inc has a twelve month low of $21.51 and a twelve month high of $32.67.

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

A number of research analysts have recently commented on the stock. Gabelli assumed coverage on shares of Blue Buffalo Pet Products in a research report on Wednesday, September 6th. They issued a “buy” rating and a $33.00 price objective for the company. Susquehanna Bancshares lifted their target price on shares of Blue Buffalo Pet Products from $30.00 to $32.00 and gave the stock a “positive” rating in a report on Thursday, September 21st. BidaskClub raised shares of Blue Buffalo Pet Products from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd. Sanford C. Bernstein initiated coverage on shares of Blue Buffalo Pet Products in a report on Wednesday, September 13th. They set a “market perform” rating and a $29.00 target price for the company. Finally, J P Morgan Chase & Co downgraded shares of Blue Buffalo Pet Products from an “overweight” rating to a “neutral” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $30.67.

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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.

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

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