Chicago Capital Management LLC Purchases New Position in Blue Buffalo Pet Products (BUFF)

Chicago Capital Management LLC purchased a new position in shares of Blue Buffalo Pet Products (NASDAQ:BUFF) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 192,453 shares of the company’s stock, valued at approximately $7,662,000. Blue Buffalo Pet Products comprises approximately 3.0% of Chicago Capital Management LLC’s investment portfolio, making the stock its 14th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its stake in shares of Blue Buffalo Pet Products by 12.1% during the 4th quarter. Mackenzie Financial Corp now owns 2,692,140 shares of the company’s stock worth $88,275,000 after purchasing an additional 290,953 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Blue Buffalo Pet Products by 76.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,498,471 shares of the company’s stock worth $49,135,000 after purchasing an additional 647,779 shares during the last quarter. Vivaldi Asset Management LLC acquired a new stake in shares of Blue Buffalo Pet Products during the 1st quarter worth about $51,099,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Blue Buffalo Pet Products by 119.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,100,000 shares of the company’s stock worth $36,069,000 after purchasing an additional 599,351 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Blue Buffalo Pet Products by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 863,389 shares of the company’s stock worth $28,310,000 after acquiring an additional 10,680 shares during the period. 94.55% of the stock is currently owned by institutional investors.

In related news, CEO William W. Bishop, Jr. sold 3,180 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 591,490 shares in the company, valued at $23,588,621.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider William W. Bishop, Jr. sold 21,200 shares of the firm’s stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of $39.98, for a total transaction of $847,576.00. Following the completion of the transaction, the insider now owns 578,770 shares in the company, valued at approximately $23,139,224.60. The disclosure for this sale can be found here. Insiders sold 66,780 shares of company stock worth $2,664,882 in the last 90 days. 7.70% of the stock is currently owned by insiders.

NASDAQ BUFF opened at $40.00 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 quick ratio of 3.17 and a current ratio of 3.74. The company has a market capitalization of $7.91 billion, a P/E ratio of 42.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38.

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

BUFF has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Wednesday, February 28th. BidaskClub lowered shares of Blue Buffalo Pet Products from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 25th. Oppenheimer reiterated a “buy” rating and set a $37.00 price objective on shares of Blue Buffalo Pet Products in a report on Wednesday, January 24th. ValuEngine upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Robert W. Baird reiterated a “hold” rating and set a $40.00 price objective on shares of Blue Buffalo Pet Products in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Blue Buffalo Pet Products has a consensus rating of “Hold” and a consensus target price of $35.50.

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.

Want to see what other hedge funds are holding BUFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Buffalo Pet Products (NASDAQ:BUFF).

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

Receive News & Ratings for Blue Buffalo Pet Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Buffalo Pet Products and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply