Brightstar Lottery (NYSE:BRSL) Upgraded by BNP Paribas Exane to Hold Rating

BNP Paribas Exane upgraded shares of Brightstar Lottery (NYSE:BRSL) to a hold rating in a report released on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group reduced their target price on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, April 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday. Susquehanna dropped their price target on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research report on Thursday. Truist Financial reduced their price objective on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Zacks Research upgraded shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Two research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.92.

Brightstar Lottery Stock Performance

NYSE BRSL opened at $11.12 on Thursday. The firm’s fifty day moving average is $12.72. Brightstar Lottery has a fifty-two week low of $10.75 and a fifty-two week high of $18.57. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $2.08 billion, a P/E ratio of 13.39 and a beta of 1.04.

Brightstar Lottery (NYSE:BRSL) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The company had revenue of $587.00 million during the quarter. Brightstar Lottery’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts forecast that Brightstar Lottery will post 0.79 EPS for the current year.

Brightstar Lottery Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors 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 yield of 8.3%. The ex-dividend date of this dividend is Thursday, May 28th. Brightstar Lottery’s dividend payout ratio (DPR) is 121.05%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. purchased a new stake in Brightstar Lottery during the 4th quarter valued at approximately $31,000. Knott David M Jr purchased a new position in shares of Brightstar Lottery in the first quarter worth $32,000. NewEdge Advisors LLC purchased a new position in shares of Brightstar Lottery in the fourth quarter worth $32,000. Rockefeller Capital Management L.P. bought a new position in shares of Brightstar Lottery during the fourth quarter worth $52,000. Finally, Empowered Funds LLC bought a new position in shares of Brightstar Lottery during the fourth quarter worth $57,000. 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.