Pinnacle Bancorp Inc. Sells 650 Shares of Hasbro, Inc. (NASDAQ:HAS)

Pinnacle Bancorp Inc. reduced its stake in Hasbro, Inc. (NASDAQ:HAS) by 34.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,255 shares of the company’s stock after selling 650 shares during the period. Pinnacle Bancorp Inc.’s holdings in Hasbro were worth $70,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Mizuho Securities USA LLC lifted its stake in Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after buying an additional 989,906 shares during the period. Samlyn Capital LLC raised its position in shares of Hasbro by 87.4% in the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after acquiring an additional 855,099 shares during the period. AQR Capital Management LLC boosted its stake in Hasbro by 469.4% during the 2nd quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after acquiring an additional 565,645 shares during the last quarter. Smith Group Asset Management LLC acquired a new position in Hasbro during the third quarter valued at approximately $32,032,000. Finally, GW Henssler & Associates Ltd. acquired a new position in Hasbro during the third quarter valued at approximately $18,163,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

Shares of HAS stock opened at $57.74 on Friday. Hasbro, Inc. has a 12 month low of $46.09 and a 12 month high of $73.46. The company’s fifty day simple moving average is $60.81 and its 200-day simple moving average is $64.35. The firm has a market cap of $8.05 billion, a PE ratio of -12.44, a P/E/G ratio of 0.47 and a beta of 0.64. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.64 EPS. Equities research analysts expect that Hasbro, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Stifel Nicolaus reduced their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Bank of America increased their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, DA Davidson increased their target price on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.11.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.