Blackhawk Network (NASDAQ:HAWK) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

HAWK has been the subject of a number of other research reports. Jefferies Group downgraded shares of Blackhawk Network from a “buy” rating to a “hold” rating in a report on Monday, January 29th. SunTrust Banks downgraded shares of Blackhawk Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Citigroup downgraded shares of Blackhawk Network from a “buy” rating to a “hold” rating and set a $45.25 price target for the company. in a report on Monday, January 22nd. First Analysis downgraded shares of Blackhawk Network from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 23rd. Finally, BMO Capital Markets downgraded shares of Blackhawk Network from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $51.00 to $45.00 in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $46.02.

HAWK stock opened at $44.90 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.96. Blackhawk Network has a 12 month low of $32.60 and a 12 month high of $47.00.

Blackhawk Network (NASDAQ:HAWK) last released its quarterly earnings data on Tuesday, February 27th. The credit services provider reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.04. The company had revenue of $423.18 million during the quarter, compared to the consensus estimate of $384.70 million. Blackhawk Network had a negative net margin of 6.98% and a negative return on equity of 18.94%. sell-side analysts predict that Blackhawk Network will post 0.56 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. First Quadrant L P CA acquired a new stake in Blackhawk Network in the 4th quarter valued at approximately $120,000. We Are One Seven LLC acquired a new stake in Blackhawk Network in the 4th quarter valued at approximately $155,000. Stone Ridge Asset Management LLC acquired a new stake in Blackhawk Network in the 4th quarter valued at approximately $369,000. Vident Investment Advisory LLC increased its holdings in Blackhawk Network by 138.2% in the 4th quarter. Vident Investment Advisory LLC now owns 13,570 shares of the credit services provider’s stock valued at $484,000 after purchasing an additional 7,872 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Blackhawk Network by 579.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,908 shares of the credit services provider’s stock valued at $531,000 after purchasing an additional 12,714 shares during the last quarter. Hedge funds and other institutional investors own 95.87% of the company’s stock.

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About Blackhawk Network

Blackhawk Network Holdings, Inc provides a range of prepaid gift, telecom, and debit cards in physical and electronic forms; and related prepaid products and payment services in the United States and internationally. It operates through three segments: U.S. Retail, International, and Incentives & Rewards.

Analyst Recommendations for Blackhawk Network (NASDAQ:HAWK)

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