Bread Financial (NYSE:BFH) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

Bread Financial (NYSE:BFH – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other analysts have also issued research reports about the company. BTIG Research increased their price objective on Bread Financial from $105.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Morgan Stanley set a $107.00 price objective on Bread Financial in a research report on Friday, July 24th. UBS Group boosted their target price on Bread Financial from $120.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. The Goldman Sachs Group upped their target price on Bread Financial from $94.00 to $108.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Finally, TD Cowen reduced their target price on Bread Financial from $114.00 to $111.00 and set a “hold” rating on the stock in a research report on Tuesday, October 6th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Bread Financial currently has a consensus rating of “Hold” and a consensus target price of $112.29.

Read Our Latest Stock Report on Bread Financial

Bread Financial Trading Up 0.2%

NYSE BFH opened at $100.79 on Friday. Bread Financial has a 52 week low of $53.83 and a 52 week high of $114.53. The company has a 50 day moving average price of $105.96 and a 200 day moving average price of $96.84. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.87 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.15.

Bread Financial (NYSE:BFH – Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $959.32 million. During the same period last year, the firm earned $3.15 earnings per share. Bread Financial’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Bread Financial will post 12.12 EPS for the current fiscal year.

Insider Transactions at Bread Financial

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total transaction of $297,348.24. Following the transaction, the director owned 4,458 shares in the company, valued at approximately $473,082.96. This represents a 38.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Bread Financial by 5.6% in the third quarter. GAMMA Investing LLC now owns 4,056 shares of the company’s stock valued at $396,000 after buying an additional 214 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Bread Financial by 248.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,172 shares of the company’s stock worth $212,000 after buying an additional 1,549 shares during the period. Argent Capital Management LLC raised its position in Bread Financial by 3.8% during the 3rd quarter. Argent Capital Management LLC now owns 12,801 shares of the company’s stock worth $1,251,000 after buying an additional 465 shares during the last quarter. QRG Capital Management Inc. raised its position in Bread Financial by 10.1% during the 2nd quarter. QRG Capital Management Inc. now owns 4,127 shares of the company’s stock worth $447,000 after buying an additional 380 shares during the last quarter. Finally, Engineers Gate Manager LP raised its position in Bread Financial by 238.9% during the 2nd quarter. Engineers Gate Manager LP now owns 25,470 shares of the company’s stock worth $2,760,000 after buying an additional 17,955 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

About Bread Financial

(Get Free Report)

Bread Financial Corporation (NYSE: BFH) is a financial services company that provides payment, lending and savings solutions to consumers and businesses. The company works with merchants and brands to offer private-label and co-branded credit cards, installment loans, buy now, pay later services and other financing options at the point of sale.

Its consumer products and services include Bread Pay payment solutions, credit card programs issued through its banking subsidiaries, and Bread Savings deposit products.

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