Brightstar Lottery (NYSE:BRSL) Given New $14.00 Price Target at Jefferies Financial Group

Brightstar Lottery (NYSE:BRSL) had its target price reduced by Jefferies Financial Group from $15.00 to $14.00 in a report released on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

Other analysts have also issued research reports about the stock. Weiss Ratings assumed coverage on shares of Brightstar Lottery in a research report on Tuesday, February 3rd. They set a “hold (c-)” rating on the stock. Stifel Nicolaus reduced their price target on shares of Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Zacks Research lowered shares of Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research report on Monday, March 30th. Finally, Truist Financial upgraded shares of Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.00.

Brightstar Lottery Price Performance

Shares of NYSE BRSL opened at $12.53 on Monday. The firm has a market cap of $2.34 billion, a PE ratio of 16.49 and a beta of 1.11. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.76 and a quick ratio of 0.72. The firm has a fifty day moving average of $13.28. Brightstar Lottery has a fifty-two week low of $12.41 and a fifty-two week high of $18.57.

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

Brightstar Lottery Announces Dividend

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 $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 7.3%. The ex-dividend date was Tuesday, March 10th. Brightstar Lottery’s dividend payout ratio is 121.05%.

Hedge Funds Weigh In On Brightstar Lottery

Several institutional investors and hedge funds have recently added to or reduced their stakes in BRSL. Nomura Asset Management Co. Ltd. acquired a new position in Brightstar Lottery in the 4th quarter valued at approximately $31,000. NewEdge Advisors LLC acquired a new position in Brightstar Lottery in the 4th quarter valued at approximately $32,000. Rockefeller Capital Management L.P. acquired a new position in Brightstar Lottery in the 4th quarter valued at approximately $52,000. Empowered Funds LLC acquired a new position in Brightstar Lottery in the 4th quarter valued at approximately $57,000. Finally, Quadrant Capital Group LLC acquired a new position in Brightstar Lottery in the 4th quarter valued at approximately $60,000. 44.33% of the stock is currently owned by institutional investors and hedge funds.

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.