Blue Buffalo Pet Products, Inc. (BUFF) Position Decreased by State of Wisconsin Investment Board

State of Wisconsin Investment Board cut its stake in shares of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) by 63.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,886 shares of the company’s stock after selling 20,296 shares during the period. State of Wisconsin Investment Board’s holdings in Blue Buffalo Pet Products were worth $273,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Blue Buffalo Pet Products by 54.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,019 shares of the company’s stock valued at $121,000 after buying an additional 1,769 shares in the last quarter. US Bancorp DE raised its stake in shares of Blue Buffalo Pet Products by 38.5% in the first quarter. US Bancorp DE now owns 7,193 shares of the company’s stock valued at $165,000 after buying an additional 2,000 shares in the last quarter. Willingdon Wealth Management raised its stake in shares of Blue Buffalo Pet Products by 3.0% in the first quarter. Willingdon Wealth Management now owns 70,938 shares of the company’s stock valued at $1,632,000 after buying an additional 2,080 shares in the last quarter. Swiss National Bank raised its stake in shares of Blue Buffalo Pet Products by 1.5% in the first quarter. Swiss National Bank now owns 145,500 shares of the company’s stock valued at $3,347,000 after buying an additional 2,200 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Blue Buffalo Pet Products by 8.1% in the first quarter. IFP Advisors Inc now owns 43,054 shares of the company’s stock valued at $990,000 after buying an additional 3,217 shares in the last quarter. 88.41% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Blue Buffalo Pet Products, Inc. (BUFF) opened at 24.17 on Tuesday. The firm has a 50-day moving average price of $23.95 and a 200-day moving average price of $24.24. Blue Buffalo Pet Products, Inc. has a 52-week low of $21.60 and a 52-week high of $27.50. The firm has a market capitalization of $4.76 billion, a P/E ratio of 35.54 and a beta of 1.97.

Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $302 million for the quarter, compared to analysts’ expectations of $300.27 million. Blue Buffalo Pet Products had a net margin of 11.69% and a return on equity of 122.62%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. On average, equities research analysts anticipate that Blue Buffalo Pet Products, Inc. will post $0.92 EPS for the current year.

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Several analysts recently weighed in on the company. Susquehanna Bancshares Inc set a $34.00 price objective on Blue Buffalo Pet Products and gave the company a “buy” rating in a report on Saturday, March 11th. Zacks Investment Research lowered Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Citigroup Inc. raised Blue Buffalo Pet Products from a “buy” rating to a “top pick” rating in a report on Tuesday, April 18th. Finally, Morgan Stanley lowered Blue Buffalo Pet Products from an “overweight” rating to an “equal weight” rating and set a $26.00 target price for the company. in a report on Friday, March 17th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $29.11.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BUFF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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