Craig Hallum cut shares of Blackhawk Network (NASDAQ:HAWK) from a buy rating to a hold rating in a report released on Tuesday morning.

Other analysts have also recently issued research reports about the stock. Argus lowered their price objective on shares of Blackhawk Network from $50.00 to $45.00 and set a buy rating on the stock in a research report on Tuesday, October 17th. Raymond James Financial restated a market perform rating on shares of Blackhawk Network in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Blackhawk Network from a buy rating to a hold rating in a research report on Wednesday, September 20th. BMO Capital Markets lowered their price objective on shares of Blackhawk Network from $52.00 to $51.00 and set an outperform rating on the stock in a research report on Friday, October 13th. Finally, Bank of America lowered their price objective on shares of Blackhawk Network from $50.00 to $46.00 and set a neutral rating on the stock in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Blackhawk Network presently has a consensus rating of Hold and an average target price of $47.92.

Blackhawk Network (NASDAQ:HAWK) traded up $0.10 during trading on Tuesday, hitting $45.25. 3,858,671 shares of the stock traded hands, compared to its average volume of 2,988,451. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $2,565.11, a PE ratio of -754.04, a P/E/G ratio of 5.45 and a beta of 0.48. Blackhawk Network has a 12-month low of $32.60 and a 12-month high of $46.70.

Several hedge funds have recently added to or reduced their stakes in HAWK. BB&T Securities LLC bought a new position in shares of Blackhawk Network during the 3rd quarter valued at $204,000. Aperio Group LLC bought a new position in shares of Blackhawk Network during the 3rd quarter valued at $205,000. Prudential Financial Inc. bought a new position in shares of Blackhawk Network during the 2nd quarter valued at $207,000. Laurion Capital Management LP bought a new position in shares of Blackhawk Network during the 2nd quarter valued at $262,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Blackhawk Network during the 3rd quarter valued at $272,000. 96.68% of the stock is currently owned by institutional investors.

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About Blackhawk Network

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.

Analyst Recommendations for Blackhawk Network (NASDAQ:HAWK)

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