Brightstar Lottery (NYSE:BRSL) Given Consensus Rating of “Hold” by Analysts

Shares of Brightstar Lottery (NYSE:BRSL) have been given an average rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $14.92.

A number of analysts have commented on BRSL shares. Stifel Nicolaus restated a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Zacks Research cut Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Susquehanna reduced their price target on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research report on Thursday, May 14th. Weiss Ratings cut Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Finally, Truist Financial reduced their price target on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, May 13th.

Institutional Trading of Brightstar Lottery

Institutional investors have recently made changes to their positions in the business. Gabelli Funds LLC purchased a new stake in shares of Brightstar Lottery during the fourth quarter worth about $7,388,000. HighTower Advisors LLC purchased a new stake in shares of Brightstar Lottery during the fourth quarter worth about $4,541,000. Royce & Associates LP purchased a new stake in shares of Brightstar Lottery during the fourth quarter worth about $24,887,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Brightstar Lottery during the fourth quarter worth about $4,270,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Brightstar Lottery during the fourth quarter worth about $2,574,000. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Brightstar Lottery Stock Performance

Brightstar Lottery stock opened at $11.26 on Friday. The stock has a market capitalization of $2.10 billion, a PE ratio of 13.57 and a beta of 0.99. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88. Brightstar Lottery has a one year low of $10.42 and a one year high of $18.57. The firm’s fifty day moving average price is $12.12.

Brightstar Lottery (NYSE:BRSL) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The company had revenue of $587.00 million during the quarter. Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.Brightstar Lottery’s revenue was up .7% on a year-over-year basis. As a group, sell-side analysts predict that Brightstar Lottery will post 0.79 EPS for the current fiscal year.

Brightstar Lottery Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 8.2%. Brightstar Lottery’s dividend payout ratio (DPR) is currently 110.84%.

About Brightstar Lottery

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.