Brightstar Lottery (NYSE:BRSL) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Brightstar Lottery (NYSE:BRSL) from a hold rating to a strong sell rating in a report published on Monday,Zacks.com reports.

A number of other research firms have also recently commented on BRSL. Stifel Nicolaus lowered their price objective on shares of Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Weiss Ratings initiated coverage on Brightstar Lottery in a report on Tuesday, February 3rd. They set a “hold (c-)” rating on the stock. Finally, Truist Financial raised Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Brightstar Lottery has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Brightstar Lottery Price Performance

Brightstar Lottery stock opened at $12.82 on Monday. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 16.86 and a beta of 1.10. The business’s 50 day moving average price is $13.32. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 2.55. Brightstar Lottery has a fifty-two week low of $12.43 and a fifty-two week high of $18.57.

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

Brightstar Lottery Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.92 annualized dividend and a yield of 7.2%. Brightstar Lottery’s payout ratio is 121.05%.

Institutional Investors Weigh In On Brightstar Lottery

Several large investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. acquired a new stake in Brightstar Lottery in the 4th quarter valued at about $31,000. NewEdge Advisors LLC bought a new stake in shares of Brightstar Lottery in the fourth quarter valued at about $32,000. Rockefeller Capital Management L.P. acquired a new position in shares of Brightstar Lottery during the 4th quarter worth approximately $52,000. Empowered Funds LLC acquired a new stake in Brightstar Lottery during the fourth quarter worth approximately $57,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Brightstar Lottery during the 4th quarter worth $60,000. Institutional investors and hedge funds 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.