Brightstar Lottery (NYSE:BRSL) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Brightstar Lottery (NYSE:BRSL) from a hold rating to a sell rating in a report issued on Saturday morning.

Several other equities analysts have also recently commented on the stock. BNP Paribas Exane assumed coverage on shares of Brightstar Lottery in a research report on Thursday, May 14th. They set a “neutral” rating and a $12.60 price target on the stock. Truist Financial lowered their price objective on Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating for the company in a report on Monday, July 20th. Susquehanna cut their price objective on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a research note on Thursday, May 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Brightstar Lottery in a research report on Friday, July 10th. Four 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.10.

Brightstar Lottery Trading Down 2.0%

Shares of NYSE:BRSL opened at $11.56 on Friday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 8.89 and a beta of 1.03. The stock has a fifty day moving average of $11.01. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 2.16. Brightstar Lottery has a 12-month low of $9.90 and a 12-month high of $18.57.

Brightstar Lottery (NYSE:BRSL) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The firm had revenue of $584.00 million for the quarter. Brightstar Lottery had a net margin of 10.05% and a return on equity of 10.47%. As a group, equities research analysts forecast that Brightstar Lottery will post 0.35 EPS for the current fiscal year.

Brightstar Lottery Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, August 18th. Brightstar Lottery’s dividend payout ratio is currently 70.77%.

Hedge Funds Weigh In On Brightstar Lottery

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of Brightstar Lottery during the second quarter valued at approximately $63,000. BlackRock Inc. lifted its holdings in shares of Brightstar Lottery by 16.5% in the 2nd quarter. BlackRock Inc. now owns 6,785,934 shares of the company’s stock worth $72,745,000 after purchasing an additional 961,306 shares during the last quarter. Deutsche Bank AG boosted its position in Brightstar Lottery by 1.0% during the 2nd quarter. Deutsche Bank AG now owns 854,803 shares of the company’s stock valued at $9,163,000 after purchasing an additional 8,479 shares during the period. Persistent Asset Partners Ltd acquired a new position in Brightstar Lottery during the 2nd quarter valued at approximately $31,000. Finally, Global Retirement Partners LLC bought a new position in Brightstar Lottery during the 2nd quarter worth $79,000. Institutional investors own 44.33% of the company’s stock.

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.