Blackhawk Network (NASDAQ:HAWK) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

A number of other analysts have also commented on HAWK. BMO Capital Markets dropped their price target on Blackhawk Network from $52.00 to $51.00 and set an “outperform” rating for the company in a research note on Friday, October 13th. SunTrust Banks set a $43.00 price target on Blackhawk Network and gave the stock a “buy” rating in a research note on Thursday, October 12th. Argus dropped their price target on Blackhawk Network from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Mizuho lowered Blackhawk Network from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a research note on Wednesday, October 18th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $58.00 price target on shares of Blackhawk Network in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Blackhawk Network currently has an average rating of “Hold” and an average price target of $47.62.

Shares of Blackhawk Network (NASDAQ:HAWK) traded down $0.55 during trading on Thursday, hitting $34.25. 645,268 shares of the stock traded hands, compared to its average volume of 958,758. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. Blackhawk Network has a 1 year low of $32.60 and a 1 year high of $46.70. The company has a market capitalization of $1,977.09, a PE ratio of 61.05, a price-to-earnings-growth ratio of 5.59 and a beta of 0.48.

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

Institutional investors have recently made changes to their positions in the business. Fox Run Management L.L.C. purchased a new position in Blackhawk Network during the third quarter valued at $272,000. Balyasny Asset Management LLC lifted its position in Blackhawk Network by 25.3% during the second quarter. Balyasny Asset Management LLC now owns 129,357 shares of the credit services provider’s stock valued at $5,640,000 after buying an additional 26,122 shares during the period. Vivaldi Asset Management LLC purchased a new position in Blackhawk Network during the second quarter valued at $10,271,000. Argent Capital Management LLC purchased a new position in Blackhawk Network during the second quarter valued at $1,603,000. Finally, Citigroup Inc. lifted its position in Blackhawk Network by 465.4% during the second quarter. Citigroup Inc. now owns 18,122 shares of the credit services provider’s stock valued at $790,000 after buying an additional 14,917 shares during the period. 96.74% of the stock is owned by institutional investors and hedge funds.

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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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