Brightstar Lottery’s (BRSL) Buy Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Brightstar Lottery (NYSE:BRSL) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a $19.00 target price on the stock, down from their previous target price of $20.00.

Several other equities analysts also recently issued reports on BRSL. Zacks Research upgraded shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Truist Financial upgraded shares of Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings downgraded shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Finally, Jefferies Financial Group decreased their price objective on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.67.

Brightstar Lottery Price Performance

NYSE BRSL opened at $10.97 on Wednesday. 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 1 year low of $10.75 and a 1 year high of $18.57. The firm has a market capitalization of $2.05 billion, a P/E ratio of 13.22 and a beta of 1.04. The company has a fifty day moving average of $12.77.

Brightstar Lottery (NYSE:BRSL) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a net margin of 6.24% and a return on equity of 11.31%. The company had revenue of $587.00 million during the quarter. Brightstar Lottery’s quarterly revenue was up .7% on a year-over-year basis. On average, research analysts expect that Brightstar Lottery will post 0.83 earnings per share for the current year.

Brightstar Lottery Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Thursday, May 28th. Brightstar Lottery’s dividend payout ratio is presently 121.05%.

Institutional Investors Weigh In On Brightstar Lottery

Institutional investors and hedge funds have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. acquired a new position in Brightstar Lottery during the fourth quarter worth about $31,000. Intech Investment Management LLC acquired a new position in Brightstar Lottery during the fourth quarter worth about $705,000. Kingsview Wealth Management LLC acquired a new position in Brightstar Lottery during the fourth quarter worth about $2,574,000. Royce & Associates LP acquired a new position in Brightstar Lottery during the fourth quarter worth about $24,887,000. Finally, Global Retirement Partners LLC acquired a new position in Brightstar Lottery during the fourth quarter worth about $106,000. 44.33% of the stock is owned by hedge funds and other institutional investors.

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.