 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Blue Buffalo Pet Products, Inc. (BUFF) operates as a pet food company in the United States, Canada, Japan, and Mexico.
The company 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.
It also produces and sells cat litter under the BLUE Naturally Fresh line.
The company sells its products to retail partners and distributors in specialty channels, including national pet superstore chains, regional pet store chains, neighborhood pet stores, farm and feed stores, ecommerce retailers, military outlets, hardware stores, and veterinary clinics and hospitals.
Shares have formed a bullish "flag" after this recent IPO reported better than expected quarterly results. Sales soared by 11% to $256 million as adjusted earnings improved by 35% to reach $0.16 per share. Consensus estimates had been calling for $251 million of sales and EPS of $0.14. Gross margin jumped to 42% of sales from 38% a year ago. The bounce came courtesy of lower supply chain costs from a new production facility. The Company issued an aggressive outlook for 2016 that targets sales of $1.13 billion and adjusted EPS of $0.73 per share.
Higher share prices are expected for BUFF.
52-Weeks Trading Range: $15.19 - $28.80
Entry Point: $24.50
Stop Loss: $23.25
Target Price: $26.95
BUFF closed at $23.77
