Brightstar Lottery (NYSE:BRSL) Stock Now Rated “Hold” by Wall Street Brokerages

Brightstar Lottery (NYSE:BRSL) has been given an average recommendation of “Hold” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $15.10.

A number of brokerages recently commented on BRSL. Wall Street Zen lowered Brightstar Lottery from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Truist Financial decreased their price target on shares of Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. Argus lowered shares of Brightstar Lottery from a “buy” rating to a “hold” rating in a report on Monday, June 29th. Stifel Nicolaus set a $19.00 price objective on shares of Brightstar Lottery in a report on Friday, September 25th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Brightstar Lottery in a research report on Tuesday.

Institutional Trading of Brightstar Lottery

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in Brightstar Lottery by 1,233.3% in the third quarter. GAMMA Investing LLC now owns 3,200 shares of the company’s stock valued at $32,000 after acquiring an additional 2,960 shares during the period. Envestnet Asset Management Inc. raised its stake in Brightstar Lottery by 34.3% during the second quarter. Envestnet Asset Management Inc. now owns 16,494 shares of the company’s stock worth $177,000 after acquiring an additional 4,216 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Brightstar Lottery by 23.8% during the second quarter. Integrated Wealth Concepts LLC now owns 25,372 shares of the company’s stock valued at $272,000 after acquiring an additional 4,880 shares during the period. Readystate Asset Management LP bought a new position in shares of Brightstar Lottery during the second quarter valued at $957,000. Finally, denkapparat Operations GmbH boosted its stake in shares of Brightstar Lottery by 286.1% in the 2nd quarter. denkapparat Operations GmbH now owns 40,400 shares of the company’s stock valued at $433,000 after purchasing an additional 29,936 shares in the last quarter. Institutional investors and hedge funds own 44.33% of the company’s stock.

Brightstar Lottery Trading Down 1.5%

Shares of BRSL opened at $9.84 on Friday. The stock’s 50-day moving average price is $10.83 and its 200 day moving average price is $11.36. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 4.08 and a beta of 1.18. Brightstar Lottery has a 12-month low of $9.63 and a 12-month high of $17.59.

Brightstar Lottery (NYSE:BRSL) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Brightstar Lottery had a return on equity of 10.47% and a net margin of 10.05%. The company had revenue of $584.00 million during the quarter. As a group, research analysts predict that Brightstar Lottery will post 0.35 earnings per share for the current year.

Brightstar Lottery Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 9.3%. The ex-dividend date was Tuesday, August 18th. Brightstar Lottery’s dividend payout ratio is currently 70.77%.

About Brightstar Lottery

Brightstar Lottery Corporation (NYSE: BRSL) is a global lottery technology and services company. The company provides governments and lottery operators with products and solutions for draw-based games, instant-ticket lotteries, and digital or iLottery programs.

Its offerings include lottery management systems, point-of-sale terminals, transaction processing, gaming content, digital platforms, player engagement tools, analytics, and related operational and technology services. Brightstar also supports the design, production, and distribution of lottery products, helping customers manage retail and online lottery channels.

Brightstar Lottery was established as the standalone company formed from International Game Technology’s former Global Lottery business.