Analysts Set Brightstar Lottery (NYSE:BRSL) PT at $15.10

Shares of Brightstar Lottery (NYSE:BRSL) have earned a consensus rating of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $15.10.

A number of research firms have weighed in on BRSL. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft began coverage on Brightstar Lottery in a report on Wednesday, July 1st. They set a “buy” rating and a $15.00 target price on the stock. Truist Financial reduced their price target on Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Jefferies Financial Group upgraded Brightstar Lottery from a “hold” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $16.00 in a research report on Thursday, August 13th. Finally, Zacks Research raised shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in shares of Brightstar Lottery by 23.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 25,372 shares of the company’s stock worth $272,000 after acquiring an additional 4,880 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of Brightstar Lottery in the 2nd quarter valued at about $957,000. denkapparat Operations GmbH increased 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. BTG Pactual Asset Management US LLC acquired a new position in Brightstar Lottery in the 2nd quarter worth about $334,000. Finally, Hsbc Holdings PLC acquired a new position in Brightstar Lottery in the 2nd quarter worth about $148,000. Institutional investors and hedge funds own 44.33% of the company’s stock.

Brightstar Lottery Stock Up 0.9%

BRSL stock opened at $10.27 on Tuesday. The firm’s fifty day simple moving average is $10.97 and its 200-day simple moving average is $11.65. The company has a market capitalization of $1.92 billion, a P/E ratio of 7.90, a price-to-earnings-growth ratio of 4.16 and a beta of 1.03. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.10 and a quick ratio of 1.00. Brightstar Lottery has a 12 month low of $9.90 and a 12 month high of $18.57.

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

Brightstar Lottery Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.0%. The ex-dividend date was Tuesday, August 18th. Brightstar Lottery’s dividend payout ratio (DPR) is currently 70.77%.

About Brightstar Lottery

Brightstar Lottery plc (NYSE: BRSL) is a global lottery technology and services company. The company provides solutions for government-sponsored and regulated lotteries, including lottery systems, retail terminals, draw-based games, instant-ticket products and digital lottery platforms.

Its services support the operation and management of lottery programs across retail and online channels. Brightstar Lottery also provides related technology, transaction processing, content, player engagement and lottery-management services designed to help customers operate secure and efficient gaming programs.

The company was formed from the lottery business formerly operated by International Game Technology (IGT) and serves lottery operators in multiple international markets, including North America, Europe and other regions.