Jefferies Financial Group upgraded shares of Brightstar Lottery (NYSE:BRSL – Free Report) from a hold rating to a buy rating in a research note published on Thursday morning, Marketbeat.com reports. They currently have $16.00 price objective on the stock, up from their previous price objective of $12.00.
A number of other research analysts also recently weighed in on BRSL. BNP Paribas Exane assumed coverage on shares of Brightstar Lottery in a research report on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price objective for the company. Argus lowered Brightstar Lottery from a “buy” rating to a “hold” rating in a research note on Monday, June 29th. 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 note on Wednesday, May 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Brightstar Lottery in a research report on Friday, July 10th. Finally, Truist Financial reduced their target price on Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Monday, July 20th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.10.
Read Our Latest Report on BRSL
Brightstar Lottery Price Performance
Brightstar Lottery (NYSE:BRSL – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The firm had revenue of $584.00 million for the quarter. Brightstar Lottery had a net margin of 10.05% and a return on equity of 10.47%. On average, sell-side analysts expect that Brightstar Lottery will post 0.35 earnings per share for the current year.
Brightstar Lottery Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Tuesday, August 18th. Brightstar Lottery’s dividend payout ratio is 70.77%.
Institutional Investors Weigh In On Brightstar Lottery
Institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. purchased a new stake in Brightstar Lottery during the 4th quarter worth approximately $31,000. NewEdge Advisors LLC purchased a new position in shares of Brightstar Lottery in the fourth quarter valued at approximately $32,000. Gamco Investors INC. ET AL boosted its stake in shares of Brightstar Lottery by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 277,075 shares of the company’s stock worth $3,530,000 after acquiring an additional 2,200 shares during the last quarter. Knott David M Jr acquired a new stake in shares of Brightstar Lottery in the first quarter worth approximately $32,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Brightstar Lottery by 2.1% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 132,704 shares of the company’s stock worth $1,691,000 after purchasing an additional 2,750 shares in the last quarter. 44.33% of the stock is currently 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.
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