Brightstar Lottery (NYSE:BRSL) Hits New 1-Year Low – Here’s Why

Brightstar Lottery (NYSE:BRSL)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $12.53 and last traded at $12.5660, with a volume of 414048 shares. The stock had previously closed at $12.88.

Wall Street Analysts Forecast Growth

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

Brightstar Lottery Stock Performance

The stock has a market capitalization of $2.36 billion, a PE ratio of 16.64 and a beta of 1.07. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.76 and a quick ratio of 0.72.

Brightstar Lottery (NYSE:BRSL) last announced its quarterly earnings results on Sunday, February 15th. The company reported $0.36 earnings per share for the quarter. The firm had revenue of $668.00 million during the quarter. Brightstar Lottery had a net margin of 5.85% and a return on equity of 9.81%.

Brightstar Lottery Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 7.3%. The ex-dividend date was Tuesday, March 10th. Brightstar Lottery’s payout ratio is 121.05%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. purchased a new stake in Brightstar Lottery during the fourth quarter valued at approximately $31,000. NewEdge Advisors LLC purchased a new position in Brightstar Lottery in the fourth quarter worth $32,000. Rockefeller Capital Management L.P. acquired a new position in shares of Brightstar Lottery during the fourth quarter worth $52,000. Empowered Funds LLC purchased a new stake in shares of Brightstar Lottery during the 4th quarter valued at $57,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Brightstar Lottery during the 4th quarter valued at $60,000. Hedge funds and other institutional investors own 44.33% of the company’s stock.

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.