Brightstar Lottery (NYSE:BRSL) Lowered to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Brightstar Lottery (NYSE:BRSL) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other research firms also recently weighed in on BRSL. 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 downgraded Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Truist Financial dropped their price target on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, May 13th. Susquehanna dropped their price target on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research note on Thursday, May 14th. Finally, Jefferies Financial Group dropped their price target on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Brightstar Lottery has a consensus rating of “Hold” and a consensus target price of $14.92.

Brightstar Lottery Trading Up 0.7%

Brightstar Lottery stock opened at $11.19 on Wednesday. The business has a 50 day moving average price of $12.31. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 13.49 and a beta of 1.04. 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 released its earnings results 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). The firm had revenue of $587.00 million during the quarter. Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The firm’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts predict that Brightstar Lottery will post 0.79 EPS for the current year.

Brightstar Lottery Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.2%. Brightstar Lottery’s dividend payout ratio (DPR) is 110.84%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BRSL. Nomura Asset Management Co. Ltd. purchased a new position in shares of Brightstar Lottery in the fourth quarter valued at $31,000. Knott David M Jr purchased a new position in shares of Brightstar Lottery in the first quarter valued at $32,000. NewEdge Advisors LLC purchased a new position in shares of Brightstar Lottery in the fourth quarter valued at $32,000. Rockefeller Capital Management L.P. purchased a new position in shares of Brightstar Lottery in the fourth quarter valued at $52,000. Finally, Empowered Funds LLC purchased a new position in shares of Brightstar Lottery in the fourth quarter valued at $57,000. 44.33% of the stock is owned by hedge funds and other institutional investors.

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.