Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) traded down 1.6% during mid-day trading on Monday . The stock traded as low as $33.45 and last traded at $33.46, with a volume of 368,170 shares changing hands. The stock had previously closed at $34.01.

Several analysts have recently issued reports on the company. Bank of America Corp. restated a “hold” rating and issued a $36.00 price objective on shares of Blackhawk Network Holdings in a research report on Wednesday. Wedbush restated a “neutral” rating and issued a $30.00 price objective (down from $33.00) on shares of Blackhawk Network Holdings in a research report on Thursday, April 28th. Finally, Zacks Investment Research downgraded Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $45.56.

The company has a 50 day moving average of $33.54 and a 200 day moving average of $34.72. The stock has a market capitalization of $1.91 billion and a P/E ratio of 51.31.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.13. During the same period last year, the firm earned $0.38 EPS. Equities research analysts anticipate that Blackhawk Network Holdings Inc. will post $2.52 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. Hodges Capital Management Inc. boosted its position in shares of Blackhawk Network Holdings by 0.9% in the fourth quarter. Hodges Capital Management Inc. now owns 421,845 shares of the company’s stock valued at $18,650,000 after buying an additional 3,575 shares during the period. Standard Life Investments LTD boosted its position in shares of Blackhawk Network Holdings by 2.7% in the fourth quarter. Standard Life Investments LTD now owns 2,629,556 shares of the company’s stock valued at $116,240,000 after buying an additional 69,102 shares during the period. S&T Bank PA boosted its position in shares of Blackhawk Network Holdings by 29.8% in the fourth quarter. S&T Bank PA now owns 326,580 shares of the company’s stock valued at $14,438,000 after buying an additional 75,020 shares during the period. California State Teachers Retirement System boosted its position in shares of Blackhawk Network Holdings by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 100,621 shares of the company’s stock valued at $4,448,000 after buying an additional 1,656 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Blackhawk Network Holdings by 7.7% in the fourth quarter. Rhumbline Advisers now owns 54,002 shares of the company’s stock valued at $2,387,000 after buying an additional 3,850 shares during the period.

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.

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