Brightstar Lottery (NYSE:BRSL) Given New $15.00 Price Target at Susquehanna

Brightstar Lottery (NYSE:BRSL) had its price objective lowered by Susquehanna from $21.00 to $15.00 in a research note issued to investors on Thursday morning, Marketbeat.com reports. Susquehanna currently has a positive rating on the stock.

A number of other brokerages also recently commented on BRSL. Truist Financial reduced their price target on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday. Weiss Ratings lowered Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. BNP Paribas Exane assumed coverage on Brightstar Lottery in a research report on Thursday. They issued a “neutral” rating and a $12.60 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday. Finally, Jefferies Financial Group lowered their price target on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.92.

Brightstar Lottery Stock Performance

BRSL stock opened at $11.12 on Thursday. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 13.39 and a beta of 1.04. Brightstar Lottery has a 1 year low of $10.75 and a 1 year high of $18.57. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 1.79. The company has a 50-day moving average of $12.72.

Brightstar Lottery (NYSE:BRSL) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The business had revenue of $587.00 million during the quarter. Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that Brightstar Lottery will post 0.79 EPS for the current year.

Brightstar Lottery Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 8.3%. Brightstar Lottery’s dividend payout ratio (DPR) is presently 121.05%.

Institutional Trading of Brightstar Lottery

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC lifted its position in shares of Brightstar Lottery by 6.5% in the first quarter. Gabelli Funds LLC now owns 508,266 shares of the company’s stock worth $6,475,000 after buying an additional 31,000 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Brightstar Lottery by 2.1% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 132,704 shares of the company’s stock worth $1,691,000 after buying an additional 2,750 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Brightstar Lottery by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 277,075 shares of the company’s stock worth $3,530,000 after buying an additional 2,200 shares during the last quarter. Inceptionr LLC acquired a new stake in shares of Brightstar Lottery in the first quarter worth about $412,000. Finally, Knott David M Jr acquired a new stake in shares of Brightstar Lottery in the first quarter worth about $32,000. Institutional investors and hedge funds 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.