Advisor Group Inc. Lowers Stake in Blue Buffalo Pet Products (BUFF)

Advisor Group Inc. cut its holdings in shares of Blue Buffalo Pet Products (NASDAQ:BUFF) by 45.1% during the fourth quarter, Holdings Channel reports. The fund owned 14,033 shares of the company’s stock after selling 11,520 shares during the quarter. Advisor Group Inc.’s holdings in Blue Buffalo Pet Products were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mackenzie Financial Corp grew its position in shares of Blue Buffalo Pet Products by 12.1% during the fourth quarter. Mackenzie Financial Corp now owns 2,692,140 shares of the company’s stock worth $88,275,000 after acquiring an additional 290,953 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Blue Buffalo Pet Products by 14.8% during the third quarter. Wells Fargo & Company MN now owns 2,448,233 shares of the company’s stock worth $69,409,000 after acquiring an additional 314,874 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Blue Buffalo Pet Products during the third quarter worth approximately $47,841,000. Ameriprise Financial Inc. grew its position in Blue Buffalo Pet Products by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,541,919 shares of the company’s stock valued at $43,724,000 after buying an additional 44,670 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in Blue Buffalo Pet Products by 76.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,498,471 shares of the company’s stock valued at $49,135,000 after buying an additional 647,779 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

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In other Blue Buffalo Pet Products news, insider William W. Bishop, Jr. sold 21,200 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $39.87, for a total value of $845,244.00. Following the completion of the sale, the insider now owns 597,850 shares of the company’s stock, valued at $23,836,279.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William W. Bishop, Jr. sold 3,180 shares of the firm’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $39.88, for a total value of $126,818.40. Following the completion of the sale, the chief executive officer now directly owns 591,490 shares of the company’s stock, valued at approximately $23,588,621.20. The disclosure for this sale can be found here. In the last three months, insiders sold 171,888 shares of company stock valued at $5,824,812. 7.70% of the stock is owned by corporate insiders.

Blue Buffalo Pet Products stock opened at $39.81 on Friday. Blue Buffalo Pet Products has a one year low of $21.51 and a one year high of $40.15. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.74 and a quick ratio of 3.17. The firm has a market capitalization of $7,786.24, a price-to-earnings ratio of 41.91, a price-to-earnings-growth ratio of 1.40 and a beta of 1.41.

Blue Buffalo Pet Products (NASDAQ:BUFF) last released its earnings results on Friday, February 23rd. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Blue Buffalo Pet Products had a return on equity of 77.83% and a net margin of 15.18%. The company had revenue of $336.96 million during the quarter, compared to the consensus estimate of $320.58 million. During the same quarter last year, the company earned $0.18 earnings per share. Blue Buffalo Pet Products’s quarterly revenue was up 14.2% compared to the same quarter last year. analysts predict that Blue Buffalo Pet Products will post 1.18 earnings per share for the current year.

A number of equities analysts recently weighed in on BUFF shares. Robert W. Baird reiterated a “hold” rating and issued a $40.00 price objective on shares of Blue Buffalo Pet Products in a research report on Friday, February 23rd. BidaskClub upgraded shares of Blue Buffalo Pet Products from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Susquehanna Bancshares set a $41.00 price objective on shares of Blue Buffalo Pet Products and gave the company a “buy” rating in a research report on Thursday, December 28th. Citigroup lowered shares of Blue Buffalo Pet Products from a “buy” rating to a “neutral” rating in a research report on Monday, February 26th. Finally, Wells Fargo upgraded shares of Blue Buffalo Pet Products to a “buy” rating and set a $36.00 price objective on the stock in a research report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $35.50.

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About Blue Buffalo Pet Products

Blue Buffalo Pet Products, Inc, through its subsidiary, Blue Buffalo Company, Ltd., operates as a pet food company in the United States, Canada, Japan, and Mexico. It develops, produces, markets, and sells dog and cat food under the 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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