KeyCorp reaffirmed their hold rating on shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) in a report released on Friday.

A number of other brokerages have also recently issued reports on SNI. Jefferies Group LLC reiterated a hold rating and issued a $76.00 price target on shares of Scripps Networks Interactive in a research note on Friday, April 28th. J P Morgan Chase & Co upgraded shares of Scripps Networks Interactive from an underweight rating to a neutral rating and set a $83.00 price target on the stock in a research note on Friday, May 5th. Royal Bank Of Canada reiterated a hold rating and issued a $76.00 price target on shares of Scripps Networks Interactive in a research note on Friday, May 5th. Moffett Nathanson reiterated a sell rating on shares of Scripps Networks Interactive in a research note on Friday, June 9th. Finally, Zacks Investment Research cut shares of Scripps Networks Interactive from a hold rating to a sell rating in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $83.79.

Shares of Scripps Networks Interactive (SNI) opened at 86.01 on Friday. Scripps Networks Interactive has a one year low of $59.32 and a one year high of $88.45. The company’s 50 day moving average is $81.24 and its 200-day moving average is $75.40. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 17.75 and a beta of 1.49.

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The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Thursday, August 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.40%. Scripps Networks Interactive’s payout ratio is 24.79%.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total value of $101,794.97. Following the sale, the director now owns 9,457 shares in the company, valued at $830,608.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in SNI. Vanguard Group Inc. increased its stake in shares of Scripps Networks Interactive by 6.7% in the second quarter. Vanguard Group Inc. now owns 8,688,173 shares of the company’s stock valued at $593,489,000 after buying an additional 542,575 shares in the last quarter. BlackRock Inc. increased its stake in shares of Scripps Networks Interactive by 18.3% in the second quarter. BlackRock Inc. now owns 8,455,399 shares of the company’s stock valued at $577,591,000 after buying an additional 1,308,844 shares in the last quarter. State Street Corp increased its stake in shares of Scripps Networks Interactive by 0.5% in the second quarter. State Street Corp now owns 3,749,940 shares of the company’s stock valued at $256,149,000 after buying an additional 16,947 shares in the last quarter. FMR LLC increased its stake in shares of Scripps Networks Interactive by 24.6% in the second quarter. FMR LLC now owns 3,371,082 shares of the company’s stock valued at $230,278,000 after buying an additional 665,805 shares in the last quarter. Finally, Pioneer Investment Management Inc. increased its stake in shares of Scripps Networks Interactive by 20.9% in the second quarter. Pioneer Investment Management Inc. now owns 2,288,068 shares of the company’s stock valued at $156,298,000 after buying an additional 396,253 shares in the last quarter. Hedge funds and other institutional investors own 75.88% of the company’s stock.

Scripps Networks Interactive Company Profile

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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

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