Tudor Investment Corp ET AL raised its stake in shares of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) by 275.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,642 shares of the company’s stock after purchasing an additional 24,677 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Blue Buffalo Pet Products were worth $767,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Blue Buffalo Pet Products by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 13,046 shares of the company’s stock worth $300,000 after purchasing an additional 56 shares during the period. NGAM Advisors L.P. increased its holdings in shares of Blue Buffalo Pet Products by 0.4% during the 2nd quarter. NGAM Advisors L.P. now owns 27,961 shares of the company’s stock worth $638,000 after purchasing an additional 105 shares during the period. ETRADE Capital Management LLC increased its holdings in shares of Blue Buffalo Pet Products by 0.4% during the 2nd quarter. ETRADE Capital Management LLC now owns 32,243 shares of the company’s stock worth $735,000 after purchasing an additional 114 shares during the period. Advisor Group Inc. increased its holdings in shares of Blue Buffalo Pet Products by 6.5% during the 2nd quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock worth $103,000 after purchasing an additional 277 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of Blue Buffalo Pet Products by 1.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 51,625 shares of the company’s stock worth $1,178,000 after purchasing an additional 730 shares during the period. Institutional investors own 88.74% of the company’s stock.

In other Blue Buffalo Pet Products news, CFO Michael Nathenson sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $25.77, for a total value of $1,288,500.00. Following the transaction, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at approximately $1,288,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 187,072 shares of company stock worth $4,736,802. Insiders own 7.70% of the company’s stock.

BUFF has been the topic of several research reports. J P Morgan Chase & Co boosted their price objective on shares of Blue Buffalo Pet Products from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, August 21st. Zacks Investment Research downgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. Robert W. Baird restated a “hold” rating and set a $23.00 price objective on shares of Blue Buffalo Pet Products in a report on Friday, September 1st. Barclays PLC restated a “buy” rating and set a $27.00 price objective on shares of Blue Buffalo Pet Products in a report on Friday, August 11th. Finally, Citigroup Inc. restated a “top pick” rating on shares of Blue Buffalo Pet Products in a report on Saturday, September 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $29.00.

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Shares of Blue Buffalo Pet Products, Inc. (NASDAQ BUFF) opened at 29.02 on Friday. The company has a market cap of $5.72 billion, a PE ratio of 40.87 and a beta of 1.94. The company has a 50-day moving average of $27.39 and a 200-day moving average of $27.39. Blue Buffalo Pet Products, Inc. has a 1-year low of $21.60 and a 1-year high of $29.44.

Blue Buffalo Pet Products (NASDAQ:BUFF) last released its earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Buffalo Pet Products had a net margin of 12.13% and a return on equity of 98.02%. The firm had revenue of $294.80 million for the quarter, compared to analyst estimates of $301.88 million. During the same period last year, the firm earned $0.19 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts forecast that Blue Buffalo Pet Products, Inc. will post $0.92 EPS for the current year.

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

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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