Zacks Investment Research Lowers Blackhawk Network Holdings Inc (HAWK) to Sell

Zacks Investment Research downgraded shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK) from a hold rating to a sell rating in a report issued on Wednesday morning.

According to Zacks, “Blackhawk Network Holdings, Inc. is a provider of prepaid and financial payments products for consumers and businesses. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc. is headquartered in Pleasanton, California. “

A number of other equities analysts also recently commented on the stock. BMO Capital Markets initiated coverage on shares of Blackhawk Network Holdings in a report on Thursday, January 5th. They issued a market perform rating and a $41.00 price objective for the company. Citigroup Inc downgraded shares of Blackhawk Network Holdings from a buy rating to a neutral rating and set a $41.00 price objective for the company. in a report on Tuesday, January 17th. Guggenheim initiated coverage on shares of Blackhawk Network Holdings in a report on Wednesday, January 4th. They issued a neutral rating and a $41.00 price objective for the company. Credit Suisse Group AG downgraded shares of Blackhawk Network Holdings from an outperform rating to a neutral rating and decreased their price objective for the stock from $37.00 to $36.00 in a report on Thursday, February 16th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $43.00 price objective on shares of Blackhawk Network Holdings in a report on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Blackhawk Network Holdings presently has an average rating of Hold and an average price target of $39.75.

Analyst Recommendations for Blackhawk Network Holdings (NASDAQ:HAWK)

Blackhawk Network Holdings (NASDAQ:HAWK) opened at 38.225 on Wednesday. The stock has a 50 day moving average of $36.85 and a 200-day moving average of $35.50. Blackhawk Network Holdings has a one year low of $28.88 and a one year high of $39.55. The stock has a market cap of $2.13 billion, a P/E ratio of 477.812 and a beta of 0.57.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings data on Wednesday, February 15th. The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by $0.11. The business earned $780.60 million during the quarter, compared to analyst estimates of $354.80 million. Blackhawk Network Holdings had a return on equity of 13.30% and a net margin of 1.15%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. Analysts anticipate that Blackhawk Network Holdings will post $1.63 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of Blackhawk Network Holdings by 5.0% in the fourth quarter. FMR LLC now owns 7,789,418 shares of the company’s stock valued at $293,466,000 after buying an additional 368,450 shares during the period. Standard Life Investments LTD increased its position in shares of Blackhawk Network Holdings by 2.9% in the third quarter. Standard Life Investments LTD now owns 4,940,198 shares of the company’s stock valued at $149,170,000 after buying an additional 139,420 shares during the period. P2 Capital Partners LLC increased its position in shares of Blackhawk Network Holdings by 22.1% in the third quarter. P2 Capital Partners LLC now owns 2,808,526 shares of the company’s stock valued at $84,733,000 after buying an additional 508,526 shares during the period. Park West Asset Management LLC increased its position in shares of Blackhawk Network Holdings by 119.3% in the third quarter. Park West Asset Management LLC now owns 2,250,000 shares of the company’s stock valued at $67,883,000 after buying an additional 1,224,041 shares during the period. Finally, River Road Asset Management LLC increased its position in shares of Blackhawk Network Holdings by 4.4% in the third quarter. River Road Asset Management LLC now owns 1,444,543 shares of the company’s stock valued at $43,582,000 after buying an additional 60,530 shares during the period. 96.11% of the stock is owned by institutional investors.

About Blackhawk Network Holdings

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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