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

Shares of Brightstar Lottery (NYSE:BRSLGet Free Report) have been assigned an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $15.10.

A number of research firms have recently weighed in on BRSL. Jefferies Financial Group raised Brightstar Lottery from a “hold” rating to a “buy” rating and increased their price objective for the company from $12.00 to $16.00 in a research note on Thursday, August 13th. Truist Financial dropped their price objective on Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating for the company in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brightstar Lottery in a research note on Wednesday, July 1st. They issued a “buy” rating and a $15.00 price target for the company. Wall Street Zen lowered shares of Brightstar Lottery from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Zacks Research raised Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th.

Read Our Latest Stock Analysis on Brightstar Lottery

Hedge Funds Weigh In On Brightstar Lottery

Several institutional investors and hedge funds have recently bought and sold shares of BRSL. Nomura Asset Management Co. Ltd. purchased a new position in shares of Brightstar Lottery during the 4th quarter valued at about $31,000. Persistent Asset Partners Ltd bought a new position in Brightstar Lottery during the second quarter valued at $31,000. Knott David M Jr bought a new stake in shares of Brightstar Lottery in the 1st quarter valued at approximately $32,000. Rockefeller Capital Management L.P. bought a new stake in shares of Brightstar Lottery in the 4th quarter worth about $52,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Brightstar Lottery during the 2nd quarter worth approximately $63,000. 44.33% of the stock is currently owned by hedge funds and other institutional investors.

Brightstar Lottery Stock Down 1.0%

BRSL opened at $10.69 on Tuesday. The firm has a market capitalization of $2.00 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 4.41 and a beta of 1.03. 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 company has a fifty day moving average price of $11.03 and a 200-day moving average price of $11.76. Brightstar Lottery has a one year low of $9.90 and a one year high of $18.57.

Brightstar Lottery (NYSE:BRSLGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. The firm had revenue of $584.00 million for the quarter. Brightstar Lottery had a return on equity of 10.47% and a net margin of 10.05%. Equities research analysts expect that Brightstar Lottery will post 0.35 earnings per share for the current fiscal year.

Brightstar Lottery Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.6%. The ex-dividend date was Tuesday, August 18th. Brightstar Lottery’s dividend payout ratio is 70.77%.

Brightstar Lottery Company Profile

(Get Free Report)

Brightstar Lottery plc (NYSE: BRSL) is a global lottery technology and services company. The company provides solutions for government-sponsored and regulated lotteries, including lottery systems, retail terminals, draw-based games, instant-ticket products and digital lottery platforms.

Its services support the operation and management of lottery programs across retail and online channels. Brightstar Lottery also provides related technology, transaction processing, content, player engagement and lottery-management services designed to help customers operate secure and efficient gaming programs.

The company was formed from the lottery business formerly operated by International Game Technology (IGT) and serves lottery operators in multiple international markets, including North America, Europe and other regions.

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Analyst Recommendations for Brightstar Lottery (NYSE:BRSL)

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