Great West Life Assurance Co. Can continued to hold its position in Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,675 shares of the company’s stock at the end of the 2nd quarter. Great West Life Assurance Co. Can’s holdings in Blue Buffalo Pet Products were worth $243,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC lifted its position in Blue Buffalo Pet Products by 11.1% in the 1st quarter. Neuberger Berman Group LLC now owns 4,914,387 shares of the company’s stock worth $113,031,000 after buying an additional 489,439 shares during the last quarter. Clearbridge Investments LLC lifted its position in Blue Buffalo Pet Products by 69.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,523,195 shares of the company’s stock worth $81,033,000 after buying an additional 1,447,859 shares during the last quarter. William Blair Investment Management LLC lifted its position in Blue Buffalo Pet Products by 9.5% in the 1st quarter. William Blair Investment Management LLC now owns 2,446,262 shares of the company’s stock worth $56,264,000 after buying an additional 213,047 shares during the last quarter. Renaissance Technologies LLC lifted its position in Blue Buffalo Pet Products by 88.5% in the 1st quarter. Renaissance Technologies LLC now owns 2,226,700 shares of the company’s stock worth $51,214,000 after buying an additional 1,045,700 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Blue Buffalo Pet Products by 139.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,066,507 shares of the company’s stock worth $47,530,000 after buying an additional 1,202,040 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

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A number of research firms recently weighed in on BUFF. TheStreet upgraded Blue Buffalo Pet Products from a “c” rating to a “b-” rating in a research report on Friday, August 11th. J P Morgan Chase & Co boosted their target price on Blue Buffalo Pet Products from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, August 21st. BidaskClub downgraded Blue Buffalo Pet Products from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $25.00 target price (down previously from $29.00) on shares of Blue Buffalo Pet Products in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded Blue Buffalo Pet Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $27.90.

Blue Buffalo Pet Products, Inc. (NASDAQ BUFF) opened at 25.96 on Thursday. The stock has a market capitalization of $5.12 billion, a PE ratio of 36.56 and a beta of 1.91. The firm has a 50-day moving average price of $25.83 and a 200-day moving average price of $25.00. Blue Buffalo Pet Products, Inc. has a 52 week low of $21.60 and a 52 week high of $26.39.

Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Buffalo Pet Products had a return on equity of 98.02% and a net margin of 12.13%. The company had revenue of $294.80 million during the quarter, compared to analyst estimates of $301.88 million. During the same period in the prior year, the company earned $0.19 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that Blue Buffalo Pet Products, Inc. will post $0.93 EPS for the current fiscal year.

Blue Buffalo Pet Products announced that its board has initiated a stock repurchase plan on Tuesday, August 8th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

In related news, CFO Michael Nathenson sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $25.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at $1,250,000. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have sold 187,072 shares of company stock valued at $4,736,802. 7.70% of the stock is owned by corporate insiders.

Blue Buffalo Pet Products 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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