California State Teachers Retirement System Sells 2,276 Shares of Blue Buffalo Pet Products (BUFF)

California State Teachers Retirement System cut its holdings in Blue Buffalo Pet Products (NASDAQ:BUFF) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,195 shares of the company’s stock after selling 2,276 shares during the quarter. California State Teachers Retirement System’s holdings in Blue Buffalo Pet Products were worth $4,859,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vigilant Capital Management LLC increased its stake in Blue Buffalo Pet Products by 2.1% in the fourth quarter. Vigilant Capital Management LLC now owns 424,271 shares of the company’s stock valued at $13,912,000 after purchasing an additional 8,781 shares during the period. Weik Capital Management acquired a new position in Blue Buffalo Pet Products in the fourth quarter valued at $354,000. Royce & Associates LP acquired a new position in shares of Blue Buffalo Pet Products during the third quarter worth about $3,119,000. Wells Fargo & Company MN increased its stake 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 period. Finally, BB&T Corp increased its stake in shares of Blue Buffalo Pet Products by 8.1% during the fourth quarter. BB&T Corp now owns 50,438 shares of the company’s stock worth $1,654,000 after acquiring an additional 3,767 shares during the period. Institutional investors own 94.76% of the company’s stock.

A number of brokerages have recently issued reports on BUFF. BidaskClub upgraded shares of Blue Buffalo Pet Products from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 27th. Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, February 28th. Wells Fargo lowered shares of Blue Buffalo Pet Products from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $36.00 to $40.00 in a research note on Tuesday, February 27th. Societe Generale lowered shares of Blue Buffalo Pet Products from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Finally, Citigroup lowered shares of Blue Buffalo Pet Products from a “buy” rating to a “neutral” rating in a research note on Monday, February 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Blue Buffalo Pet Products currently has an average rating of “Hold” and an average target price of $35.50.

In related news, CFO Michael Nathenson sold 62,708 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $32.72, for a total transaction of $2,051,805.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William W. Bishop, Jr. sold 3,180 shares of the business’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $39.88, for a total transaction of $126,818.40. Following the sale, the chief executive officer now directly owns 591,490 shares in the company, valued at approximately $23,588,621.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,888 shares of company stock worth $5,824,812. 7.70% of the stock is owned by insiders.

BUFF stock opened at $39.81 on Friday. The stock has a market cap of $7,786.24, a P/E ratio of 41.91, a P/E/G ratio of 1.40 and a beta of 1.41. Blue Buffalo Pet Products has a 52 week low of $21.51 and a 52 week high of $40.15. The company has a current ratio of 3.74, a quick ratio of 3.17 and a debt-to-equity ratio of 1.30.

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

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Blue Buffalo Pet Products Company Profile

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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