Brightstar Lottery (NYSE:BRSL) Stock Gets Price Target Trim from Truist Financial

Brightstar Lottery (NYSE:BRSL) had its target price decreased by Truist Financial from $13.00 to $11.00 in a report released on Tuesday morning, Marketbeat reports. Truist Financial currently has a hold rating on the stock.

Several other equities analysts also recently commented on BRSL. Argus downgraded Brightstar Lottery from a “buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen cut Brightstar Lottery from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft started coverage on Brightstar Lottery in a research report on Wednesday, July 1st. They set a “buy” rating and a $15.00 target price for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Tuesday, October 6th. Finally, Jefferies Financial Group raised Brightstar Lottery from a “hold” rating to a “buy” rating and boosted their price target for the stock from $12.00 to $16.00 in a report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.77.

Brightstar Lottery Stock Up 3.4%

BRSL opened at $9.54 on Tuesday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.00 and a current ratio of 1.10. Brightstar Lottery has a fifty-two week low of $9.10 and a fifty-two week high of $17.59. The firm’s fifty day moving average is $10.55 and its 200 day moving average is $11.15. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 3.77 and a beta of 1.18.

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

Brightstar Lottery Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date was Tuesday, August 18th. Brightstar Lottery’s payout ratio is currently 70.77%.

Institutional Trading of Brightstar Lottery

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

Brightstar Lottery Company Profile

Brightstar Lottery plc is a global provider of lottery technology, products and services to government-sponsored and commercial lottery operators. The company helps lotteries manage retail and digital operations, improve player engagement and deliver draw-based and instant-win games.

Its offerings include lottery management systems, retail terminals and software, point-of-sale solutions, instant-ticket products, draw-based games and iLottery platforms. Brightstar also provides related digital services, analytics and operational support designed to help lottery operators run secure, efficient and omnichannel programs.

Brightstar Lottery traces its operations to the global lottery business formerly owned by International Game Technology.