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

Shares of Brightstar Lottery (NYSE:BRSL) have been assigned an average rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $14.9333.

A number of equities analysts have recently issued reports on the stock. Zacks Research cut shares of Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Truist Financial decreased their target price on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, May 13th. Argus cut shares of Brightstar Lottery from a “buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. Finally, Susquehanna lowered their price objective on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a research note on Thursday, May 14th.

Brightstar Lottery Stock Up 3.8%

BRSL stock opened at $11.13 on Thursday. Brightstar Lottery has a twelve month low of $10.42 and a twelve month high of $18.57. The firm has a market capitalization of $2.08 billion, a P/E ratio of 13.40 and a beta of 1.00. The business’s 50-day moving average price is $11.62. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 1.79.

Brightstar Lottery (NYSE:BRSL) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The firm had revenue of $587.00 million during the quarter. Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. The firm’s revenue was up .7% on a year-over-year basis. On average, equities research analysts anticipate that Brightstar Lottery will post 0.48 EPS for the current year.

Brightstar Lottery Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.92 annualized dividend and a yield of 8.3%. Brightstar Lottery’s payout ratio is currently 110.84%.

Institutional Investors Weigh In On Brightstar Lottery

A number of hedge funds have recently made changes to their positions in BRSL. Gabelli Funds LLC bought a new stake in Brightstar Lottery during the fourth quarter worth about $7,388,000. Gamco Investors INC. ET AL acquired a new position in shares of Brightstar Lottery in the 4th quarter worth approximately $4,255,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Brightstar Lottery in the 4th quarter worth approximately $2,012,000. HighTower Advisors LLC bought a new position in Brightstar Lottery in the 4th quarter valued at $4,541,000. Finally, ProShare Advisors LLC acquired a new position in Brightstar Lottery in the fourth quarter worth $297,000. Institutional investors and hedge funds own 44.33% of the company’s stock.

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.