BerganKDV Wealth Management LLC Purchases Shares of 30,857 Blue Buffalo Pet Products, Inc. (BUFF)

BerganKDV Wealth Management LLC purchased a new stake in Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 30,857 shares of the company’s stock, valued at approximately $875,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in Blue Buffalo Pet Products by 0.4% in the first quarter. Principal Financial Group Inc. now owns 13,046 shares of the company’s stock valued at $300,000 after purchasing an additional 56 shares in the last quarter. NGAM Advisors L.P. increased its stake in Blue Buffalo Pet Products by 0.4% in the second quarter. NGAM Advisors L.P. now owns 27,961 shares of the company’s stock valued at $638,000 after purchasing an additional 105 shares in the last quarter. ETRADE Capital Management LLC increased its stake in Blue Buffalo Pet Products by 0.4% in the second quarter. ETRADE Capital Management LLC now owns 32,243 shares of the company’s stock valued at $735,000 after purchasing an additional 114 shares in the last quarter. Advisor Group Inc. increased its stake in Blue Buffalo Pet Products by 6.5% in the second quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock valued at $103,000 after purchasing an additional 277 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Blue Buffalo Pet Products by 9.6% in the second quarter. The Manufacturers Life Insurance Company now owns 6,070 shares of the company’s stock valued at $138,000 after purchasing an additional 533 shares in the last quarter. 88.74% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Michael Nathenson sold 50,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $25.00, for a total value of $1,250,000.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares in the company, valued at approximately $1,250,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William W. Bishop, Jr. sold 21,655 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $28.78, for a total transaction of $623,230.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 208,727 shares of company stock valued at $5,360,033. 7.70% of the stock is owned by company insiders.

Shares of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) traded up 1.33% on Friday, hitting $28.28. 1,956,751 shares of the stock were exchanged. The company has a 50-day moving average price of $27.76 and a 200 day moving average price of $27.76. Blue Buffalo Pet Products, Inc. has a 12 month low of $21.60 and a 12 month high of $29.44. The company has a market cap of $5.57 billion, a PE ratio of 39.83 and a beta of 1.94.

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

Blue Buffalo Pet Products declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 8th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/22/bergankdv-wealth-management-llc-purchases-shares-of-30857-blue-buffalo-pet-products-inc-buff.html.

BUFF has been the subject of several research analyst reports. Imperial Capital initiated coverage on shares of Blue Buffalo Pet Products in a research note on Wednesday, June 28th. They issued an “outperform” rating and a $30.00 price target for the company. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $25.00 price target (down from $28.00) on shares of Blue Buffalo Pet Products in a research note on Wednesday, June 28th. BidaskClub downgraded shares of Blue Buffalo Pet Products from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research downgraded shares of Blue Buffalo Pet Products from a “hold” rating

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in Blue Buffalo Pet Products by 0.4% in the first quarter. Principal Financial Group Inc. now owns 13,046 shares of the company’s stock valued at $300,000 after purchasing an additional 56 shares in the last quarter. NGAM Advisors L.P. increased its stake in Blue Buffalo Pet Products by 0.4% in the second quarter. NGAM Advisors L.P. now owns 27,961 shares of the company’s stock valued at $638,000 after purchasing an additional 105 shares in the last quarter. ETRADE Capital Management LLC increased its stake in Blue Buffalo Pet Products by 0.4% in the second quarter. ETRADE Capital Management LLC now owns 32,243 shares of the company’s stock valued at $735,000 after purchasing an additional 114 shares in the last quarter. Advisor Group Inc. increased its stake in Blue Buffalo Pet Products by 6.5% in the second quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock valued at $103,000 after purchasing an additional 277 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Blue Buffalo Pet Products by 9.6% in the second quarter. The Manufacturers Life Insurance Company now owns 6,070 shares of the company’s stock valued at $138,000 after purchasing an additional 533 shares in the last quarter. 88.74% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Michael Nathenson sold 50,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $25.00, for a total value of $1,250,000.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares in the company, valued at approximately $1,250,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William W. Bishop, Jr. sold 21,655 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $28.78, for a total transaction of $623,230.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 208,727 shares of company stock valued at $5,360,033. 7.70% of the stock is owned by company insiders.

Shares of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) traded up 1.33% on Friday, hitting $28.28. 1,956,751 shares of the stock were exchanged. The company has a 50-day moving average price of $27.76 and a 200 day moving average price of $27.76. Blue Buffalo Pet Products, Inc. has a 12 month low of $21.60 and a 12 month high of $29.44. The company has a market cap of $5.57 billion, a PE ratio of 39.83 and a beta of 1.94.

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

Blue Buffalo Pet Products declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 8th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/22/bergankdv-wealth-management-llc-purchases-shares-of-30857-blue-buffalo-pet-products-inc-buff.html.

BUFF has been the subject of several research analyst reports. Imperial Capital initiated coverage on shares of Blue Buffalo Pet Products in a research note on Wednesday, June 28th. They issued an “outperform” rating and a $30.00 price target for the company. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $25.00 price target (down from $28.00) on shares of Blue Buffalo Pet Products in a research note on Wednesday, June 28th. BidaskClub downgraded shares of Blue Buffalo Pet Products from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research downgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Finally, Robert W. Baird initiated coverage on shares of Blue Buffalo Pet Products in a research note on Monday, July 24th. They issued a “neutral” rating and a $23.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.55.

Blue Buffalo Pet Products Company 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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