Brightstar Lottery (NYSE:BRSL) Stock Has Consensus Target Price of $15.10

Brightstar Lottery (NYSE:BRSL) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.10.

Several brokerages have recently commented on BRSL. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brightstar Lottery in a research report on Tuesday, October 6th. Jefferies Financial Group raised Brightstar Lottery from a “hold” rating to a “buy” rating and increased their target price for the stock from $12.00 to $16.00 in a report on Thursday, August 13th. Zacks Research raised Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Stifel Nicolaus set a $19.00 target price on Brightstar Lottery in a research report on Friday, September 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Brightstar Lottery in a report on Wednesday, July 1st. They issued a “buy” rating and a $15.00 price target for the company.

Brightstar Lottery Stock Down 1.9%

NYSE BRSL traded down $0.18 during trading hours on Friday, reaching $9.52. 1,929,238 shares of the company traded hands, compared to its average volume of 2,502,672. Brightstar Lottery has a 12 month low of $9.49 and a 12 month high of $17.59. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $1.78 billion, a PE ratio of 7.32, a PEG ratio of 3.96 and a beta of 1.18. The company has a 50 day moving average of $10.70 and a two-hundred day moving average of $11.25.

Brightstar Lottery (NYSE:BRSL) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. The company had revenue of $584.00 million during the quarter. Brightstar Lottery had a net margin of 10.05% and a return on equity of 10.47%. As a group, equities analysts expect that Brightstar Lottery will post 0.35 earnings per share for the current year.

Brightstar Lottery Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.92 annualized dividend and a yield of 9.7%. Brightstar Lottery’s dividend payout ratio (DPR) is 70.77%.

Hedge Funds Weigh In On Brightstar Lottery

A number of hedge funds have recently added to or reduced their stakes in BRSL. GAMMA Investing LLC lifted its position in shares of Brightstar Lottery by 1,233.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,200 shares of the company’s stock worth $32,000 after buying an additional 2,960 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Brightstar Lottery by 34.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,494 shares of the company’s stock valued at $177,000 after buying an additional 4,216 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Brightstar Lottery by 23.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 25,372 shares of the company’s stock valued at $272,000 after buying an additional 4,880 shares during the period. Readystate Asset Management LP acquired a new position in shares of Brightstar Lottery in the 2nd quarter valued at about $957,000. Finally, denkapparat Operations GmbH grew its position in shares of Brightstar Lottery by 286.1% during the 2nd quarter. denkapparat Operations GmbH now owns 40,400 shares of the company’s stock valued at $433,000 after buying an additional 29,936 shares during the last quarter. Institutional investors and hedge funds own 44.33% of the company’s stock.

About Brightstar Lottery

Brightstar Lottery Corporation (NYSE: BRSL) is a global lottery technology and services company. The company provides governments and lottery operators with products and solutions for draw-based games, instant-ticket lotteries, and digital or iLottery programs.

Its offerings include lottery management systems, point-of-sale terminals, transaction processing, gaming content, digital platforms, player engagement tools, analytics, and related operational and technology services. Brightstar also supports the design, production, and distribution of lottery products, helping customers manage retail and online lottery channels.

Brightstar Lottery was established as the standalone company formed from International Game Technology’s former Global Lottery business.