BidaskClub lowered shares of Blackhawk Network (NASDAQ:HAWK) from a hold rating to a sell rating in a research report report published on Friday morning.
Several other equities research analysts have also issued reports on the company. SunTrust Banks lowered Blackhawk Network from a buy rating to a hold rating in a report on Wednesday, January 31st. Jefferies Group lowered Blackhawk Network from a buy rating to a hold rating in a report on Monday, January 29th. First Analysis lowered Blackhawk Network from an overweight rating to an equal weight rating in a report on Tuesday, January 23rd. BMO Capital Markets lowered Blackhawk Network from an outperform rating to a market perform rating and reduced their price target for the company from $51.00 to $45.00 in a report on Monday, January 22nd. Finally, Citigroup lowered Blackhawk Network from a buy rating to a hold rating and set a $45.25 price target for the company. in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $47.27.
Blackhawk Network (NASDAQ HAWK) opened at $44.75 on Friday. 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 12 month low of $32.60 and a 12 month high of $47.00. The firm has a market capitalization of $2,542.38, a PE ratio of 78.51, a price-to-earnings-growth ratio of 4.72 and a beta of 0.73.
A number of institutional investors and hedge funds have recently bought and sold shares of HAWK. State Street Corp lifted its holdings in Blackhawk Network by 6.7% in the 2nd quarter. State Street Corp now owns 1,094,994 shares of the credit services provider’s stock worth $47,740,000 after purchasing an additional 68,362 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Blackhawk Network by 270.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,639 shares of the credit services provider’s stock worth $420,000 after purchasing an additional 7,039 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Blackhawk Network in the 2nd quarter worth approximately $1,070,000. Fox Run Management L.L.C. acquired a new stake in Blackhawk Network in the 3rd quarter worth approximately $272,000. Finally, Aperio Group LLC acquired a new stake in Blackhawk Network in the 3rd quarter worth approximately $205,000. Hedge funds and other institutional investors own 93.46% 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.
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