Brightstar Lottery (NYSE:BRSL) Stock Has Average Target Price of $15.10 According to Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Brightstar Lottery, with four buys, four holds and one sell among nine analysts. The average 12-month price target is $15.10, above the stock’s reported $9.84 opening price.
• BRSL recently traded near its 52-week low of $9.63 and was down 1.5%, while its market capitalization stood at approximately $1.84 billion. The company reported quarterly EPS of $0.11, beating the consensus estimate of a $0.01 loss, on $584 million in revenue.
• Brightstar Lottery pays a quarterly dividend of $0.23, equivalent to $0.92 annually and a 9.3% yield; its payout ratio is 70.77%. Institutional investors own 44.33% of the company’s shares.

Shares of Brightstar Lottery (NYSE:BRSL - Get Free Report) have been given an average recommendation of "Hold" by the nine analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $15.10.

A number of research firms recently issued reports on BRSL. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brightstar Lottery in a research report on Wednesday, July 1st. They set a "buy" rating and a $15.00 price target for the company. Stifel Nicolaus set a $19.00 price target on Brightstar Lottery in a report on Friday, September 25th. Argus lowered shares of Brightstar Lottery from a "buy" rating to a "hold" rating in a research note on Monday, June 29th. Truist Financial dropped their price objective on shares of Brightstar Lottery from $14.00 to $13.00 and set a "hold" rating on the stock in a report on Monday, July 20th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Brightstar Lottery in a research note on Tuesday.

Brightstar Lottery Trading Down 1.5%

BRSL opened at $9.84 on Friday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 4.08 and a beta of 1.18. Brightstar Lottery has a 52 week low of $9.63 and a 52 week high of $17.59. The business's 50 day moving average is $10.83 and its two-hundred day moving average is $11.36. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 2.16.

Brightstar Lottery (NYSE:BRSL - Get Free Report) last announced 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 business 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%. On average, research analysts predict that Brightstar Lottery will post 0.35 EPS for the current year.

Brightstar Lottery Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 9.3%. The ex-dividend date was Tuesday, August 18th. Brightstar Lottery's dividend payout ratio is currently 70.77%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BRSL. Knott David M Jr bought a new stake in shares of Brightstar Lottery during the 1st quarter worth $32,000. Persistent Asset Partners Ltd bought a new position in shares of Brightstar Lottery in the second quarter worth about $31,000. GAMMA Investing LLC lifted its position in shares of Brightstar Lottery by 1,233.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,200 shares of the company's stock worth $32,000 after purchasing an additional 2,960 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Brightstar Lottery during the 4th quarter valued at approximately $52,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Brightstar Lottery during the 2nd quarter valued at approximately $63,000. Institutional investors own 44.33% of the company's stock.

Brightstar Lottery Company Profile

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.

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