Blue Buffalo Receives a Buy from Susquehanna

By Jason Carr

Susquehanna analyst Pablo Zuanic reiterated a Buy rating on Blue Buffalo (NASDAQ: BUFF) yesterday and set a price target of $29. The company’s shares closed yesterday at $24.38.

According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 2.5% and a 53.0% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Anheuser-Busch Inbev Sa, and Mondelez International.

Currently, the analyst consensus on Blue Buffalo is Strong Buy and the average price target is $30.14, representing a 23.6% upside.

In a report released yesterday, D.A. Davidson also reiterated a Buy rating on the stock with a $29 price target.

Based on Blue Buffalo’s latest earnings report from June 30, the company posted quarterly revenue of $286.9M and quarterly net profit of $36.62M. In comparison, last year the company earned revenue of $259.4M and had a net profit of $27.07M.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock.

Blue Buffalo Pet Products, Inc. is a pet food company in the United States. The company operates through its wholly-owned operating subsidiary, Blue Buffalo Company, Ltd. and its other subsidiaries. It engages in selling dog and cat food made with whole meats, fruits and vegetables, and other natural ingredients. The company operates pet foods into different segments: Wholesome Natural, Engineered, Private Label and Therapeutic market. Blue Buffalo Pet Products was founded by William Bishop, William W. Bishop Jr. and Christopher T. Bishop in 2002 and is headquartered in Wilton, CT.