Accel Entertainment (NYSE:ACEL) Director David Ruttenberg Buys 10,000 Shares

Accel Entertainment, Inc. (NYSE:ACEL) Director David Ruttenberg acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $9.34 per share, with a total value of $93,400.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at $93,400. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Accel Entertainment Stock Down 0.4%

ACEL stock traded down $0.04 during midday trading on Tuesday, hitting $11.44. The company’s stock had a trading volume of 554,478 shares, compared to its average volume of 459,669. The firm’s 50-day moving average is $11.34 and its 200-day moving average is $10.96. The company has a current ratio of 2.61, a quick ratio of 2.55 and a debt-to-equity ratio of 2.11. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $13.31. The company has a market cap of $951.67 million, a PE ratio of 19.06 and a beta of 1.05.

Accel Entertainment (NYSE:ACEL) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm had revenue of $341.45 million during the quarter, compared to analysts’ expectations of $335.66 million. Accel Entertainment had a return on equity of 27.49% and a net margin of 3.87%. On average, equities research analysts forecast that Accel Entertainment, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Accel Entertainment

A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC increased its stake in shares of Accel Entertainment by 13.1% in the 1st quarter. AQR Capital Management LLC now owns 160,415 shares of the company’s stock worth $1,591,000 after purchasing an additional 18,643 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Accel Entertainment during the first quarter valued at $110,000. Millennium Management LLC grew its holdings in Accel Entertainment by 252.5% during the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock valued at $4,985,000 after purchasing an additional 359,948 shares during the period. Jane Street Group LLC increased its position in Accel Entertainment by 157.5% in the first quarter. Jane Street Group LLC now owns 37,108 shares of the company’s stock worth $368,000 after buying an additional 22,695 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in Accel Entertainment by 5.3% in the second quarter. Campbell & CO Investment Adviser LLC now owns 120,735 shares of the company’s stock worth $1,421,000 after buying an additional 6,088 shares in the last quarter. Institutional investors own 55.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ACEL. Truist Financial upped their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, March 4th. Citizens Jmp increased their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a research report on Wednesday, March 4th. Citigroup started coverage on shares of Accel Entertainment in a report on Friday, December 5th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings raised shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 5th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

About Accel Entertainment

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.