Russell Investments Group Ltd. lowered its position in Blue Buffalo Pet Products Inc (NASDAQ:BUFF) by 60.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,416 shares of the company’s stock after selling 28,504 shares during the period. Russell Investments Group Ltd.’s holdings in Blue Buffalo Pet Products were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Advisor Group Inc. increased its holdings in Blue Buffalo Pet Products by 6.5% during the second quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock worth $103,000 after buying an additional 277 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Blue Buffalo Pet Products during the second quarter worth about $138,000. The Manufacturers Life Insurance Company increased its holdings in Blue Buffalo Pet Products by 9.6% during the second quarter. The Manufacturers Life Insurance Company now owns 6,070 shares of the company’s stock worth $138,000 after buying an additional 533 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in Blue Buffalo Pet Products during the third quarter worth about $223,000. Finally, Teacher Retirement System of Texas purchased a new stake in Blue Buffalo Pet Products during the third quarter worth about $230,000. Institutional investors own 94.77% of the company’s stock.

Blue Buffalo Pet Products Inc (NASDAQ BUFF) opened at $32.60 on Friday. The firm has a market cap of $6,336.29, a PE ratio of 37.47, a PEG ratio of 1.91 and a beta of 1.95. The company has a debt-to-equity ratio of 1.61, a current ratio of 4.22 and a quick ratio of 3.62. Blue Buffalo Pet Products Inc has a 12 month low of $21.51 and a 12 month high of $33.09.

Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Blue Buffalo Pet Products had a net margin of 14.17% and a return on equity of 86.23%. The firm had revenue of $340.85 million during the quarter, compared to the consensus estimate of $323.05 million. During the same quarter last year, the company earned $0.22 earnings per share. The company’s revenue was up 18.4% on a year-over-year basis. equities research analysts expect that Blue Buffalo Pet Products Inc will post 0.91 EPS for the current fiscal year.

In other news, insider William W. Bishop, Jr. sold 21,200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $28.58, for a total value of $605,896.00. Following the completion of the transaction, the insider now directly owns 655,090 shares in the company, valued at $18,722,472.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Nathenson sold 62,708 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $32.72, for a total transaction of $2,051,805.76. The disclosure for this sale can be found here. Insiders sold 175,523 shares of company stock valued at $5,495,156 over the last 90 days. 7.70% of the stock is owned by company insiders.

A number of analysts recently issued reports on BUFF shares. Sanford C. Bernstein started coverage on shares of Blue Buffalo Pet Products in a report on Wednesday, September 13th. They set a “market perform” rating and a $29.00 price objective for the company. Citigroup restated a “top pick” rating on shares of Blue Buffalo Pet Products in a report on Saturday, September 16th. Susquehanna Bancshares lifted their target price on shares of 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. Oppenheimer reiterated a “buy” rating and issued a $32.00 target price (up previously from $25.00) on shares of Blue Buffalo Pet Products in a research note on Wednesday, September 27th. Finally, Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $31.25.

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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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