Apertura Capital buys $3,608,040 stake in Blue Buffalo Pet Products Inc (BUFF)

Blue Buffalo Pet Products Inc (BUFF) : Apertura Capital scooped up 15,500 additional shares in Blue Buffalo Pet Products Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 140,500 shares of Blue Buffalo Pet Products Inc which is valued at $3,608,040.Blue Buffalo Pet Products Inc makes up approximately 5.23% of Apertura Capital’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management reduced its stake in BUFF by selling 35,710 shares or 4.8% in the most recent quarter. The Hedge Fund company now holds 707,776 shares of BUFF which is valued at $18,175,688. Blue Buffalo Pet Products Inc makes up approx 0.05% of Eaton Vance Management’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in BUFF in the latest quarter, The investment management firm added 7,891 additional shares and now holds a total of 35,333 shares of Blue Buffalo Pet Products Inc which is valued at $918,658. Dekabank Deutsche Girozentrale added BUFF to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $130,000. Utah Retirement Systems added BUFF to its portfolio by purchasing 10,800 company shares during the most recent quarter which is valued at $276,912. Blue Buffalo Pet Products Inc makes up approx 0.01% of Utah Retirement Systems’s portfolio. Quantbot Technologies Lp added BUFF to its portfolio by purchasing 1,612 company shares during the most recent quarter which is valued at $41,332.

Blue Buffalo Pet Products Inc closed down -0.17 points or -0.65% at $25.92 with 5,77,658 shares getting traded on Wednesday. Post opening the session at $26.16, the shares hit an intraday low of $25.7197 and an intraday high of $26.39 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Blue Buffalo Pet Products Inc reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $0.17. The company had revenue of $286.85 million for the quarter, compared to analysts expectations of $281.90 million. The company’s revenue was up 12.9% compared to the same quarter last year.

Many Wall Street Analysts have commented on Blue Buffalo Pet Products Inc. Company shares were Reiterated by Deutsche Bank on Aug 11, 2016 to “Buy”, Firm has raised the Price Target to $ 30 from a previous price target of $28 .Company shares were Reiterated by Wedbush on Aug 11, 2016 to “Neutral”, Firm has raised the Price Target to $ 25 from a previous price target of $24 .Company shares were Reiterated by Wedbush on Jul 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .

Blue Buffalo Pet Products Inc. is a pet food company in the United States selling dog and cat food made with whole meats fruits and vegetables and other natural ingredients. The Company has built four product lines under its BLUE brand. The Company develops produces markets and sells pet food under its product lines which include BLUE Life Protection Formula BLUE Wilderness BLUE Basics and BLUE Freedom. Each line of pet food includes different product types for dogs and cats such as dry food wet food and treats. The Company also produces and sells cat litter products under the BLUE Naturally Fresh line. The Company sells its products in the specialty channels either directly to retailers or through distributors. The specialty channels include national pet superstore chains regional pet store chains neighborhood pet stores veterinary clinics farm and feed stores e-commerce retailers military outlets and hardware stores.

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