Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) have earned a consensus rating of “Hold” from the twenty research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $83.77.

A number of equities research analysts have recently weighed in on SNI shares. Cowen and Company restated a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research note on Friday, September 8th. Argus downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. MKM Partners reaffirmed a “neutral” rating and issued a $73.00 price objective (down from $84.00) on shares of Scripps Networks Interactive in a research report on Friday, July 21st. Morgan Stanley increased their price objective on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, August 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a research note on Wednesday, September 20th.

Scripps Networks Interactive (SNI) traded up 0.26% during midday trading on Wednesday, hitting $86.11. The company had a trading volume of 1,460,863 shares. The stock has a market capitalization of $8.26 billion, a PE ratio of 17.79 and a beta of 1.47. The stock has a 50 day moving average price of $86.14 and a 200-day moving average price of $76.15. Scripps Networks Interactive has a 52 week low of $60.63 and a 52 week high of $88.45.

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Shareholders of record on Thursday, August 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Tuesday, August 29th. Scripps Networks Interactive’s payout ratio is 24.79%.

In other news, Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total value of $101,794.97. Following the completion of the transaction, the director now owns 9,457 shares of the company’s stock, valued at approximately $830,608.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of SNI. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Scripps Networks Interactive by 1.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock valued at $202,000 after purchasing an additional 32 shares during the period. CIBC Asset Management Inc grew its position in Scripps Networks Interactive by 0.3% during the second quarter. CIBC Asset Management Inc now owns 12,484 shares of the company’s stock valued at $853,000 after buying an additional 35 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Scripps Networks Interactive by 0.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,125 shares of the company’s stock valued at $487,000 after buying an additional 39 shares during the period. ING Groep NV grew its position in Scripps Networks Interactive by 0.8% during the second quarter. ING Groep NV now owns 5,276 shares of the company’s stock valued at $360,000 after buying an additional 43 shares during the period. Finally, Empirical Finance LLC grew its position in Scripps Networks Interactive by 0.4% during the second quarter. Empirical Finance LLC now owns 15,224 shares of the company’s stock valued at $1,040,000 after buying an additional 56 shares during the period. 75.85% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

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