Brightstar Lottery (NYSE:BRSL) Price Target Cut to $13.00 by Analysts at Truist Financial

Brightstar Lottery (NYSE:BRSL) had its target price lowered by Truist Financial from $14.00 to $13.00 in a report published on Monday,Benzinga reports. The firm currently has a hold rating on the stock.

BRSL has been the topic of several other reports. Susquehanna reduced their price target on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a research report on Thursday, May 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Argus downgraded shares of Brightstar Lottery from a “buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday, July 10th. Finally, BNP Paribas Exane initiated coverage on shares of Brightstar Lottery in a research report on Thursday, May 14th. They set a “neutral” rating and a $12.60 target price on the stock. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Brightstar Lottery currently has a consensus rating of “Hold” and a consensus price target of $14.77.

Brightstar Lottery Price Performance

NYSE:BRSL opened at $10.76 on Monday. The firm has a 50-day moving average of $11.13. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 12.97 and a beta of 1.00. Brightstar Lottery has a 12 month low of $10.42 and a 12 month high of $18.57. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 1.79.

Brightstar Lottery (NYSE:BRSL) last issued its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.Brightstar Lottery’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts anticipate that Brightstar Lottery will post 0.4 EPS for the current year.

Brightstar Lottery Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 8.5%. Brightstar Lottery’s dividend payout ratio is currently 110.84%.

Institutional Investors Weigh In On Brightstar Lottery

A number of hedge funds have recently bought and sold shares of BRSL. Nomura Asset Management Co. Ltd. acquired a new position in shares of Brightstar Lottery in the 4th quarter valued at approximately $31,000. NewEdge Advisors LLC purchased a new position in shares of Brightstar Lottery during the 4th quarter valued at approximately $32,000. Gamco Investors INC. ET AL grew its position in shares of Brightstar Lottery by 0.8% during the first quarter. Gamco Investors INC. ET AL now owns 277,075 shares of the company’s stock worth $3,530,000 after buying an additional 2,200 shares in the last quarter. Knott David M Jr acquired a new stake in shares of Brightstar Lottery during the first quarter worth approximately $32,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Brightstar Lottery by 2.1% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 132,704 shares of the company’s stock worth $1,691,000 after buying an additional 2,750 shares during the last quarter. 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.