Brightstar Lottery (NYSE:BRSL) Reaches New 1-Year Low – Here’s Why

Brightstar Lottery (NYSE:BRSL)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.41 and last traded at $12.6050, with a volume of 85171 shares. The stock had previously closed at $12.81.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BRSL shares. Zacks Research downgraded shares of Brightstar Lottery from a “hold” rating to a “strong sell” rating in a report on Monday. Weiss Ratings began coverage on shares of Brightstar Lottery in a research note on Tuesday, February 3rd. They issued a “hold (c-)” rating on the stock. Stifel Nicolaus dropped their target price on shares of Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Finally, Truist Financial upgraded shares of Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.00.

Brightstar Lottery Price Performance

The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.72 and a current ratio of 0.76. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 16.55 and a beta of 1.10. The company’s fifty day moving average is $13.32.

Brightstar Lottery (NYSE:BRSL) last released its earnings results on Sunday, February 15th. The company reported $0.36 earnings per share (EPS) for the quarter. The company had revenue of $668.00 million during the quarter. Brightstar Lottery had a return on equity of 9.81% and a net margin of 5.85%.

Brightstar Lottery Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.3%. The ex-dividend date was Tuesday, March 10th. Brightstar Lottery’s dividend payout ratio (DPR) is currently 121.05%.

Hedge Funds Weigh In On Brightstar Lottery

A number of hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new position in Brightstar Lottery in the 4th quarter worth about $1,318,000. Rockefeller Capital Management L.P. bought a new stake in shares of Brightstar Lottery in the 4th quarter valued at approximately $52,000. Invesco Ltd. bought a new stake in shares of Brightstar Lottery in the 4th quarter valued at approximately $8,276,000. NewEdge Advisors LLC acquired a new position in Brightstar Lottery in the fourth quarter worth approximately $32,000. Finally, Empowered Funds LLC acquired a new position in Brightstar Lottery in the fourth quarter worth approximately $57,000. 44.33% of the stock is owned by institutional investors and hedge funds.

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.