Brightstar Lottery (NYSE:BRSL) Reaches New 1-Year Low - Should You Sell?

Key Points

• Brightstar Lottery shares fell to a new 52-week low of $9.35, below both the 50-day moving average of $10.67 and the 200-day average of $11.22.
• Analyst sentiment is mixed: four analysts rate the stock Buy, four Hold, and one Sell. The consensus rating is Hold, with an average price target of $15.10.
• The company reported quarterly EPS of $0.11, beating estimates, and offers a sizable 9.8% dividend yield based on its annualized $0.92 payout; however, its debt-to-equity ratio is elevated at 2.16.

Shares of Brightstar Lottery (NYSE:BRSL - Get Free Report) hit a new 52-week low during trading on Tuesday. The company traded as low as $9.35 and last traded at $9.4190, with a volume of 1,754,853 shares traded. The stock had previously closed at $9.50.

Wall Street Analyst Weigh In

BRSL has been the subject of several recent research reports. Jefferies Financial Group raised Brightstar Lottery from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $12.00 to $16.00 in a report on Thursday, August 13th. Wall Street Zen lowered shares of Brightstar Lottery from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Deutsche Bank Aktiengesellschaft began 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 shares of Brightstar Lottery in a research report on Friday, September 25th. Finally, Truist Financial dropped 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 note on Monday, July 20th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $15.10.

Brightstar Lottery Stock Performance

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 company has a market cap of $1.76 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 3.88 and a beta of 1.18. The stock has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $11.22.

Brightstar Lottery (NYSE:BRSL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. The business 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%. Analysts predict that Brightstar Lottery will post 0.35 EPS for the current year.

Brightstar Lottery Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.92 dividend on an annualized basis and a yield of 9.8%. Brightstar Lottery's dividend payout ratio (DPR) is 70.77%.

Hedge Funds Weigh In On Brightstar Lottery

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

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.

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