Brightstar Lottery (NYSE:BRSL) Reaches New 52-Week Low – Time to Sell?

Brightstar Lottery (NYSE:BRSL)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $10.64 and last traded at $10.6140, with a volume of 966261 shares trading hands. The stock had previously closed at $10.90.

Analyst Ratings Changes

Several equities analysts have recently commented on BRSL shares. Zacks Research upgraded Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Truist Financial lowered their price target on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, May 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Jefferies Financial Group cut their price target on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Finally, Weiss Ratings cut Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Brightstar Lottery has a consensus rating of “Hold” and a consensus price target of $14.92.

Brightstar Lottery Stock Down 2.7%

The stock has a market cap of $1.98 billion, a PE ratio of 12.79 and a beta of 1.04. 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 firm has a 50 day moving average price of $12.61.

Brightstar Lottery (NYSE:BRSL) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 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 had revenue of $587.00 million during the quarter. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts expect that Brightstar Lottery will post 0.79 earnings per share for the current fiscal year.

Brightstar Lottery Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Thursday, May 28th. Brightstar Lottery’s dividend payout ratio is presently 110.84%.

Institutional Investors Weigh In On Brightstar Lottery

A number of institutional investors have recently modified their holdings of BRSL. Lazard Asset Management LLC acquired a new stake in shares of Brightstar Lottery during the 4th quarter valued at about $147,133,000. Brown Advisory Inc. purchased a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $44,820,000. State Street Corp purchased a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $29,860,000. Royce & Associates LP purchased a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $24,887,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $19,684,000. 44.33% of the stock is currently owned by institutional investors and hedge funds.

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.