Blackhawk Network (HAWK) Downgraded by BidaskClub to “Sell”

BidaskClub cut shares of Blackhawk Network (NASDAQ:HAWK) from a hold rating to a sell rating in a research report report published on Thursday.

HAWK has been the topic of a number of other research reports. Zacks Investment Research upgraded Blackhawk Network from a sell rating to a hold rating in a research note on Wednesday, November 1st. Deutsche Bank reiterated a buy rating and set a $51.00 target price on shares of Blackhawk Network in a research note on Friday, November 3rd. Mizuho lowered Blackhawk Network from a buy rating to a neutral rating and set a $50.00 target price on the stock. in a research note on Wednesday, October 18th. SunTrust Banks set a $43.00 target price on Blackhawk Network and gave the stock a buy rating in a research note on Thursday, October 12th. Finally, Craig Hallum reiterated a buy rating and set a $58.00 target price on shares of Blackhawk Network in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Blackhawk Network presently has a consensus rating of Hold and a consensus price target of $47.62.

Shares of Blackhawk Network (NASDAQ HAWK) traded down $0.55 during midday trading on Thursday, hitting $34.25. The stock had a trading volume of 645,371 shares, compared to its average volume of 669,094. The company has a market capitalization of $1,974.25, a price-to-earnings ratio of 60.97, a P/E/G ratio of 5.58 and a beta of 0.48. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. Blackhawk Network has a one year low of $32.60 and a one year high of $46.70.

Blackhawk Network (NASDAQ:HAWK) last announced its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. The company had revenue of $419.30 million for the quarter, compared to analyst estimates of $439.32 million. Blackhawk Network had a positive return on equity of 4.12% and a negative net margin of 0.14%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. research analysts predict that Blackhawk Network will post 0.41 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Blackhawk Network by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,523,748 shares of the credit services provider’s stock worth $197,236,000 after acquiring an additional 105,653 shares during the period. Dimensional Fund Advisors LP increased its stake in Blackhawk Network by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,751,904 shares of the credit services provider’s stock worth $76,733,000 after acquiring an additional 40,322 shares during the period. Newbrook Capital Advisors LP bought a new position in Blackhawk Network during the 2nd quarter worth $52,890,000. State Street Corp increased its stake in Blackhawk Network by 6.7% during the 2nd quarter. State Street Corp now owns 1,094,994 shares of the credit services provider’s stock worth $47,740,000 after acquiring an additional 68,362 shares during the period. Finally, Elk Creek Partners LLC increased its stake in Blackhawk Network by 3.4% during the 3rd quarter. Elk Creek Partners LLC now owns 771,162 shares of the credit services provider’s stock worth $33,777,000 after acquiring an additional 25,156 shares during the period. Hedge funds and other institutional investors own 96.74% of the company’s stock.

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About Blackhawk Network

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.

Analyst Recommendations for Blackhawk Network (NASDAQ:HAWK)

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