Brightstar Lottery (NYSE:BRSL) Stock Price Up 7.2% on Analyst Upgrade
by Scott Moore · The Cerbat GemBrightstar Lottery (NYSE:BRSL – Get Free Report)’s stock price rose 7.2% during trading on Thursday after Jefferies Financial Group upgraded the stock from a hold rating to a buy rating. Jefferies Financial Group now has a $16.00 price target on the stock. Brightstar Lottery traded as high as $12.23 and last traded at $12.1250. 246,026 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,566,439 shares. The stock had previously closed at $11.31.
Several other research firms also recently issued reports on BRSL. Susquehanna dropped their price objective on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a report on Thursday, May 14th. Truist Financial decreased their price target on shares of Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday, July 10th. BNP Paribas Exane started coverage on shares of Brightstar Lottery in a report on Thursday, May 14th. They set a “neutral” rating and a $12.60 price objective for the company. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.10.
Get Our Latest Stock Analysis on BRSL
Hedge Funds Weigh In On Brightstar Lottery
Several large investors have recently added to or reduced their stakes in BRSL. Lazard Asset Management LLC acquired a new stake in shares of Brightstar Lottery during the fourth quarter worth $147,133,000. Brown Advisory Inc. acquired a new position in shares of Brightstar Lottery in the 4th quarter valued at about $44,820,000. State Street Corp acquired a new position in shares of Brightstar Lottery in the 4th quarter valued at about $29,860,000. Royce & Associates LP bought a new stake in shares of Brightstar Lottery during the 4th quarter valued at about $24,887,000. Finally, Geode Capital Management LLC bought a new stake in shares of Brightstar Lottery during the 4th quarter valued at about $19,684,000. 44.33% of the stock is currently owned by institutional investors.
Brightstar Lottery Stock Up 4.9%
The firm has a market cap of $2.22 billion, a PE ratio of 9.12 and a beta of 1.03. The stock has a 50 day moving average price of $10.99. 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 (NYSE:BRSL – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The company had revenue of $584.00 million during the quarter. Brightstar Lottery had a return on equity of 10.47% and a net margin of 10.05%. On average, analysts anticipate that Brightstar Lottery will post 0.35 EPS for the current fiscal year.
Brightstar Lottery Announces Dividend
The business 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. The ex-dividend date is Tuesday, August 18th. This represents a $0.92 dividend on an annualized basis and a yield of 7.8%. Brightstar Lottery’s payout ratio is currently 70.77%.
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.