Blackhawk Network Holdings, Inc. (HAWK) Stock Rating Upgraded by BidaskClub

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, June 29th.

A number of other brokerages also recently issued reports on HAWK. Zacks Investment Research downgraded Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. TheStreet downgraded Blackhawk Network Holdings from a “b-” rating to a “c” rating in a report on Tuesday, June 20th. Mizuho began coverage on Blackhawk Network Holdings in a report on Tuesday, June 27th. They issued a “buy” rating and a $50.00 target price for the company. BMO Capital Markets raised Blackhawk Network Holdings from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $40.00 to $50.00 in a report on Wednesday, June 28th. Finally, Deutsche Bank AG boosted their target price on Blackhawk Network Holdings from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.14.

Blackhawk Network Holdings (NASDAQ:HAWK) traded down 0.68% during trading on Thursday, hitting $43.85. The stock had a trading volume of 450,505 shares. The stock’s market capitalization is $2.48 billion. The stock’s 50-day moving average is $43.24 and its 200-day moving average is $40.10. Blackhawk Network Holdings has a 52-week low of $28.88 and a 52-week high of $46.70.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its quarterly earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.07. The company had revenue of $463.10 million during the quarter, compared to the consensus estimate of $447.43 million. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. Blackhawk Network Holdings’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. On average, analysts predict that Blackhawk Network Holdings will post $1.68 earnings per share for the current fiscal year.

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In related news, insider Roche L. Talbott Hoskins sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $41.25, for a total value of $825,000.00. Following the sale, the insider now owns 240,931 shares in the company, valued at approximately $9,938,403.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jerry N. Ulrich sold 75,000 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total value of $3,386,250.00. Following the sale, the chief financial officer now owns 63,280 shares in the company, valued at approximately $2,857,092. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,153 shares of company stock worth $6,584,371. Insiders own 3.80% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Blackhawk Network Holdings by 3.7% in the first quarter. Vanguard Group Inc. now owns 4,418,095 shares of the credit services provider’s stock valued at $179,375,000 after buying an additional 156,299 shares during the period. BlackRock Inc. raised its position in shares of Blackhawk Network Holdings by 71,649.0% in the first quarter. BlackRock Inc. now owns 3,416,688 shares of the credit services provider’s stock valued at $138,718,000 after buying an additional 3,411,926 shares during the period. Jana Partners LLC purchased a new position in shares of Blackhawk Network Holdings during the first quarter valued at $109,418,000. Park West Asset Management LLC raised its position in shares of Blackhawk Network Holdings by 11.9% in the first quarter. Park West Asset Management LLC now owns 2,535,262 shares of the credit services provider’s stock valued at $102,932,000 after buying an additional 268,763 shares during the period. Finally, River Road Asset Management LLC raised its position in shares of Blackhawk Network Holdings by 12.1% in the first quarter. River Road Asset Management LLC now owns 1,670,092 shares of the credit services provider’s stock valued at $67,806,000 after buying an additional 180,536 shares during the period. Hedge funds and other institutional investors own 99.65% of the company’s stock.

Blackhawk Network Holdings Company Profile

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 Holdings (NASDAQ:HAWK)

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