Brightstar Lottery (NYSE:BRSL) Upgraded to Hold at Zacks Research

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

Other research analysts have also recently issued research reports about the company. BNP Paribas Exane assumed coverage on Brightstar Lottery in a research report on Thursday, May 14th. They issued a “neutral” rating and a $12.60 target price on the stock. Susquehanna dropped their target price on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a report on Thursday, May 14th. Jefferies Financial Group reduced their price target on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brightstar Lottery in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brightstar Lottery in a research report on Wednesday, July 1st. They set a “buy” rating and a $15.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.93.

Brightstar Lottery Stock Performance

Shares of BRSL stock opened at $10.71 on Monday. The firm has a fifty day simple moving average of $11.29. The firm has a market cap of $2.00 billion, a P/E ratio of 12.91 and a beta of 1.00. Brightstar Lottery has a fifty-two week low of $10.42 and a fifty-two week high of $18.57. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88.

Brightstar Lottery (NYSE:BRSL) last issued its quarterly 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). Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. Brightstar Lottery’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Brightstar Lottery will post 0.4 EPS for the current fiscal year.

Brightstar Lottery Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend was Thursday, May 28th. Brightstar Lottery’s dividend payout ratio (DPR) is currently 110.84%.

Institutional Investors Weigh In On Brightstar Lottery

A number of institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new position in shares of Brightstar Lottery during the fourth quarter worth about $147,133,000. Brown Advisory Inc. bought a new stake in Brightstar Lottery in the fourth quarter valued at approximately $44,820,000. State Street Corp bought a new stake in Brightstar Lottery in the fourth quarter valued at approximately $29,860,000. Royce & Associates LP bought a new stake in Brightstar Lottery in the fourth quarter valued at approximately $24,887,000. Finally, Geode Capital Management LLC acquired a new stake in Brightstar Lottery during the 4th quarter valued at approximately $19,684,000. Institutional investors 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.