Blackhawk Network Holdings Inc. (NASDAQ:HAWK) was upgraded by equities researchers at Credit Agricole SA to an “outperform” rating in a report released on Wednesday.

Several other equities research analysts have also issued reports on the stock. Bank of America Corp. raised shares of Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Friday, July 22nd. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Blackhawk Network Holdings presently has a consensus rating of “Buy” and a consensus target price of $44.71.

Analyst Recommendations for Blackhawk Network Holdings (NASDAQ:HAWK)

Shares of Blackhawk Network Holdings (NASDAQ:HAWK) opened at 30.42 on Wednesday. The company has a market capitalization of $1.71 billion, a PE ratio of 75.30 and a beta of 0.64. Blackhawk Network Holdings has a one year low of $28.88 and a one year high of $48.40. The stock has a 50 day moving average price of $32.85 and a 200 day moving average price of $33.45.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.24 by $0.13. Blackhawk Network Holdings had a net margin of 1.24% and a return on equity of 15.40%. During the same period last year, the business earned $0.38 EPS. On average, equities research analysts predict that Blackhawk Network Holdings will post $1.57 earnings per share for the current year.

In other Blackhawk Network Holdings news, Director Arun Sarin sold 25,000 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $35.92, for a total value of $898,000.00. Following the completion of the sale, the director now owns 40,529 shares in the company, valued at approximately $1,455,801.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.24% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Blackhawk Network Holdings by 0.6% in the second quarter. FMR LLC now owns 8,420,818 shares of the company’s stock worth $282,013,000 after buying an additional 50,700 shares during the last quarter. Standard Life Investments LTD increased its stake in shares of Blackhawk Network Holdings by 85.7% in the second quarter. Standard Life Investments LTD now owns 4,800,778 shares of the company’s stock worth $160,874,000 after buying an additional 2,214,977 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Blackhawk Network Holdings by 2.2% in the second quarter. Vanguard Group Inc. now owns 4,331,994 shares of the company’s stock worth $145,078,000 after buying an additional 94,881 shares in the last quarter. P2 Capital Partners LLC increased its stake in shares of Blackhawk Network Holdings by 22.6% in the second quarter. P2 Capital Partners LLC now owns 2,300,000 shares of the company’s stock worth $77,027,000 after buying an additional 424,509 shares in the last quarter. Finally, Bloom Tree Partners LLC increased its stake in shares of Blackhawk Network Holdings by 38.4% in the first quarter. Bloom Tree Partners LLC now owns 1,721,218 shares of the company’s stock worth $59,038,000 after buying an additional 477,889 shares in the last quarter. Institutional investors own 91.35% of the company’s stock.

About Blackhawk Network Holdings

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.

5 Day Chart for NASDAQ:HAWK

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