Equities researchers at Wells Fargo & Company began coverage on shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) in a research report issued on Thursday, The Fly reports. The firm set a “market perform” rating on the stock.

Several other analysts have also recently weighed in on SNI. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $83.00 price objective on shares of Scripps Networks Interactive in a research note on Monday, July 10th. Royal Bank Of Canada reiterated a “hold” rating and issued a $76.00 price objective on shares of Scripps Networks Interactive in a research note on Monday, May 15th. Zacks Investment Research cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Monday. Jefferies Group LLC reiterated a “hold” rating and issued a $76.00 price objective on shares of Scripps Networks Interactive in a research note on Monday, May 15th. Finally, Moffett Nathanson reiterated a “sell” rating on shares of Scripps Networks Interactive in a research note on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $76.46.

Scripps Networks Interactive (NASDAQ SNI) opened at 76.89 on Thursday. The stock’s 50 day moving average is $67.63 and its 200-day moving average is $73.35. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 17.18 and a beta of 1.44. Scripps Networks Interactive has a 12 month low of $59.32 and a 12 month high of $83.42.

Scripps Networks Interactive (NASDAQ:SNI) last announced its earnings results on Thursday, May 4th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.18 by $0.35. The business had revenue of $855 million during the quarter, compared to the consensus estimate of $856.98 million. Scripps Networks Interactive had a net margin of 16.94% and a return on equity of 30.71%. Scripps Networks Interactive’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.37 EPS. On average, analysts anticipate that Scripps Networks Interactive will post $5.48 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Scripps Networks Interactive, Inc (NASDAQ:SNI) Earns Market Perform Rating from Analysts at Wells Fargo & Company” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/20/scripps-networks-interactive-inc-nasdaqsni-earns-market-perform-rating-from-analysts-at-wells-fargo-company.html.

In related news, major shareholder Edward W. Scripps sold 300,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $66.96, for a total transaction of $20,088,000.00. Following the completion of the transaction, the insider now directly owns 232,071 shares in the company, valued at approximately $15,539,474.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Margaret Scripps Klenzing sold 46,466 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $71.01, for a total transaction of $3,299,550.66. Following the transaction, the insider now owns 10,013 shares of the company’s stock, valued at $711,023.13. The disclosure for this sale can be found here. Insiders sold a total of 376,466 shares of company stock valued at $25,477,051 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Scripps Networks Interactive by 4,188.7% in the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock worth $560,078,000 after buying an additional 6,979,918 shares in the last quarter. Ardevora Asset Management LLP bought a new position in Scripps Networks Interactive during the second quarter worth about $36,286,000. WINTON GROUP Ltd boosted its position in Scripps Networks Interactive by 114.5% in the first quarter. WINTON GROUP Ltd now owns 670,023 shares of the company’s stock worth $42,540,000 after buying an additional 357,704 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Scripps Networks Interactive by 40.5% in the first quarter. Bank of New York Mellon Corp now owns 1,166,026 shares of the company’s stock worth $91,381,000 after buying an additional 335,940 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Scripps Networks Interactive during the first quarter worth about $24,593,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

About Scripps Networks Interactive

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

The Fly

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

Receive News & Ratings for Scripps Networks Interactive Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive Inc and related companies with MarketBeat.com's FREE daily email newsletter.