Numeric Investors LLC lifted its holdings in shares of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) by 19.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,440 shares of the company’s stock after acquiring an additional 21,040 shares during the quarter. Numeric Investors LLC owned approximately 0.06% of Blue Buffalo Pet Products worth $2,907,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BUFF. FMR LLC boosted its stake in shares of Blue Buffalo Pet Products by 360.6% during the 2nd quarter. FMR LLC now owns 3,320,428 shares of the company’s stock worth $75,739,000 after acquiring an additional 2,599,478 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Blue Buffalo Pet Products by 50.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,235,035 shares of the company’s stock worth $119,411,000 after acquiring an additional 1,752,086 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Blue Buffalo Pet Products by 69.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,523,195 shares of the company’s stock worth $81,033,000 after acquiring an additional 1,447,859 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Blue Buffalo Pet Products by 139.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,066,507 shares of the company’s stock worth $47,530,000 after acquiring an additional 1,202,040 shares during the period. Finally, Mackenzie Financial Corp bought a new position in shares of Blue Buffalo Pet Products during the 1st quarter worth approximately $24,304,000. Institutional investors own 88.74% of the company’s stock.

Shares of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) opened at 29.14 on Friday. The firm has a market capitalization of $5.74 billion, a PE ratio of 41.04 and a beta of 1.94. Blue Buffalo Pet Products, Inc. has a 12-month low of $21.60 and a 12-month high of $29.44. The company’s 50-day moving average price is $27.30 and its 200 day moving average price is $27.30.

Blue Buffalo Pet Products (NASDAQ:BUFF) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Buffalo Pet Products had a return on equity of 98.02% and a net margin of 12.13%. The business 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. Blue Buffalo Pet Products’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Blue Buffalo Pet Products, Inc. will post $0.92 earnings per share for the current year.

Blue Buffalo Pet Products declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 8th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to purchase up to 1.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Several research analysts have recently commented on the company. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $32.00 target price (up from $25.00) on shares of Blue Buffalo Pet Products in a research note on Wednesday, September 27th. Susquehanna Bancshares Inc lifted their target price on Blue Buffalo Pet Products from $30.00 to $32.00 and gave the stock a “positive” rating in a research note on Thursday, September 21st. Sanford C. Bernstein assumed coverage on Blue Buffalo Pet Products in a research note on Wednesday, September 13th. They set a “market perform” rating and a $29.00 target price for the company. Citigroup Inc. reiterated a “top pick” rating on shares of Blue Buffalo Pet Products in a research note on Saturday, September 16th. Finally, Robert W. Baird reiterated a “hold” rating and set a $23.00 target price on shares of Blue Buffalo Pet Products in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Blue Buffalo Pet Products presently has a consensus rating of “Buy” and a consensus price target of $29.00.

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In other Blue Buffalo Pet Products news, CFO Michael Nathenson sold 50,000 shares of the stock in a transaction on Monday, August 21st. 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 the SEC website. 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.

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.

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

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