Brightstar Lottery (NYSE:BRSL) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of Brightstar Lottery (NYSE:BRSL) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Other analysts have also issued research reports about the stock. Zacks Research upgraded shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. BNP Paribas Exane assumed coverage on shares of Brightstar Lottery in a research report on Thursday, May 14th. They set a “neutral” rating and a $12.60 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Brightstar Lottery in a report on Wednesday, July 1st. They set a “buy” rating and a $15.00 price target on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.10.

Brightstar Lottery Stock Up 0.9%

Shares of NYSE:BRSL opened at $11.79 on Friday. Brightstar Lottery has a twelve month low of $9.90 and a twelve month high of $18.57. The stock’s 50 day moving average price is $11.01. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.10 and a quick ratio of 1.00. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 9.07 and a beta of 1.03.

Brightstar Lottery (NYSE:BRSL) last posted its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Brightstar Lottery had a net margin of 10.05% and a return on equity of 10.47%. The company had revenue of $584.00 million for the quarter. Equities research analysts anticipate that Brightstar Lottery will post 0.35 earnings per share for the current fiscal year.

Brightstar Lottery Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.92 annualized dividend and a dividend yield of 7.8%. Brightstar Lottery’s dividend payout ratio (DPR) is presently 70.77%.

Hedge Funds Weigh In On Brightstar Lottery

Institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. bought a new position in shares of Brightstar Lottery during the 4th quarter worth $31,000. Persistent Asset Partners Ltd bought a new stake in Brightstar Lottery in the 2nd quarter valued at about $31,000. Knott David M Jr bought a new stake in Brightstar Lottery in the 1st quarter valued at about $32,000. NewEdge Advisors LLC purchased a new stake in Brightstar Lottery during the fourth quarter valued at about $32,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in Brightstar Lottery during the fourth quarter valued at about $52,000. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Brightstar Lottery Company Profile

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.