J. Goldman Co Lp adds Blue Buffalo Pet Products Inc (BUFF) to its portfolio

Blue Buffalo Pet Products Inc (BUFF) : J. Goldman Co Lp added new position in Blue Buffalo Pet Products Inc during the most recent quarter end. The investment management firm now holds 683,601 shares of Blue Buffalo Pet Products Inc which is valued at $18,040,230 , the company said in a statement filed on Aug 15, 2016 with the SEC.Blue Buffalo Pet Products Inc makes up approximately 1.81% of J. Goldman Co Lp’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors reduced its stake in BUFF by selling 35,179 shares or 52.79% in the most recent quarter. The Hedge Fund company now holds 31,456 shares of BUFF which is valued at $830,124. Blue Buffalo Pet Products Inc makes up approx 0.04% of A.r.t. Advisors’s portfolio.Raymond James Associates boosted its stake in BUFF in the latest quarter, The investment management firm added 4,230 additional shares and now holds a total of 12,573 shares of Blue Buffalo Pet Products Inc which is valued at $331,801.Tower Research Capital (trc) boosted its stake in BUFF in the latest quarter, The investment management firm added 5,744 additional shares and now holds a total of 6,737 shares of Blue Buffalo Pet Products Inc which is valued at $177,789. Blue Buffalo Pet Products Inc makes up approx 0.02% of Tower Research Capital (trc)’s portfolio. Monashee Investment Management added BUFF to its portfolio by purchasing 125,000 company shares during the most recent quarter which is valued at $3,205,000. Blue Buffalo Pet Products Inc makes up approx 4.90% of Monashee Investment Management’s portfolio. Ngam Advisors added BUFF to its portfolio by purchasing 12,742 company shares during the most recent quarter which is valued at $326,705.

Blue Buffalo Pet Products Inc closed down -0.38 points or -1.47% at $25.4 with 17,17,349 shares getting traded on Thursday. Post opening the session at $25.63, the shares hit an intraday low of $25.34 and an intraday high of $25.93 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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