Brightstar Lottery (NYSE:BRSL) Sets New 12-Month Low – Should You Sell?

Brightstar Lottery (NYSE:BRSL)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $10.12 and last traded at $10.1380, with a volume of 69367 shares. The stock had previously closed at $10.35.

Analyst Ratings Changes

BRSL has been the topic of several analyst reports. Truist Financial lowered their price target on shares of Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft began 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 on the stock. Susquehanna lowered their target price on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a research note on Thursday, May 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. Finally, Jefferies Financial Group cut 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. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Brightstar Lottery presently has an average rating of “Hold” and an average price target of $14.77.

Brightstar Lottery Trading Down 1.4%

The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84. The business has a 50 day moving average of $11.06. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 12.29 and a beta of 1.00.

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 10.58%. The business’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts expect 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 paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend was Thursday, May 28th. Brightstar Lottery’s dividend payout ratio (DPR) is presently 110.84%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BRSL. Nomura Asset Management Co. Ltd. bought a new stake in shares of Brightstar Lottery in the fourth quarter worth about $31,000. Knott David M Jr bought a new position in Brightstar Lottery during the first quarter valued at approximately $32,000. NewEdge Advisors LLC bought a new position in Brightstar Lottery during the fourth quarter valued at approximately $32,000. Rockefeller Capital Management L.P. purchased a new position in Brightstar Lottery during the 4th quarter valued at approximately $52,000. Finally, Empowered Funds LLC purchased a new position in Brightstar Lottery during the 4th quarter valued at approximately $57,000. Institutional investors own 44.33% of the company’s stock.

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.