Brightstar Lottery (NYSE:BRSL) Hits New 1-Year Low – Should You Sell?

Brightstar Lottery (NYSE:BRSL)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $12.76 and last traded at $12.8440, with a volume of 255280 shares changing hands. The stock had previously closed at $13.29.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BRSL. Truist Financial upgraded shares of Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings assumed coverage on shares of Brightstar Lottery in a research note on Tuesday, February 3rd. They set a “hold (c-)” rating on the stock. Finally, Stifel Nicolaus decreased their price objective on Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brightstar Lottery presently has a consensus rating of “Buy” and an average target price of $20.00.

Brightstar Lottery Stock Performance

The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 2.55. The company has a market cap of $2.40 billion, a P/E ratio of 16.87 and a beta of 1.07.

Brightstar Lottery (NYSE:BRSL) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The company had revenue of $668.00 million for the quarter. Brightstar Lottery had a net margin of 5.85% and a return on equity of 9.81%. Brightstar Lottery’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS.

Brightstar Lottery Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.92 annualized dividend and a dividend yield of 7.2%. Brightstar Lottery’s payout ratio is currently 115.79%.

Institutional Trading of Brightstar Lottery

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRSL. Brown Advisory Inc. bought a new position in shares of Brightstar Lottery during the fourth quarter valued at approximately $44,820,000. Norges Bank bought a new position in Brightstar Lottery in the 4th quarter worth about $19,565,000. Fox Run Management L.L.C. bought a new position in Brightstar Lottery in the 4th quarter worth about $1,127,000. Intech Investment Management LLC purchased a new position in Brightstar Lottery during the 4th quarter worth $705,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Brightstar Lottery during the fourth quarter valued at $106,000. 44.33% of the stock is owned by hedge funds and other institutional investors.

Brightstar Lottery Company Profile

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.