Accel Entertainment, Inc. (NYSE:ACEL) Receives Average Recommendation of “Moderate Buy” from Analysts

Accel Entertainment, Inc. (NYSE:ACEL) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $14.6667.

A number of research analysts recently commented on the company. Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings raised Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Finally, Zacks Research lowered Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd.

Insider Transactions at Accel Entertainment

In other Accel Entertainment news, Director Gordon Rubenstein sold 46,346 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $11.34, for a total value of $525,563.64. Following the completion of the sale, the director owned 4,946 shares of the company’s stock, valued at $56,087.64. This represents a 90.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Derek Harmer sold 20,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $13.00, for a total transaction of $260,000.00. Following the transaction, the insider owned 187,827 shares in the company, valued at $2,441,751. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 104,277 shares of company stock valued at $1,259,917. 14.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Accel Entertainment

A number of institutional investors have recently made changes to their positions in the business. Quantinno Capital Management LP grew its holdings in shares of Accel Entertainment by 18.9% during the 1st quarter. Quantinno Capital Management LP now owns 123,906 shares of the company’s stock valued at $1,352,000 after purchasing an additional 19,734 shares during the last quarter. Lazard Asset Management LLC raised its position in Accel Entertainment by 17.1% in the 1st quarter. Lazard Asset Management LLC now owns 298,515 shares of the company’s stock worth $3,257,000 after purchasing an additional 43,663 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Accel Entertainment by 63.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock worth $11,814,000 after purchasing an additional 421,047 shares during the last quarter. Caxton Associates LLP bought a new stake in Accel Entertainment in the first quarter worth $208,000. Finally, Orvieto Partners L.P. boosted its position in Accel Entertainment by 74.8% during the first quarter. Orvieto Partners L.P. now owns 133,838 shares of the company’s stock valued at $1,460,000 after buying an additional 57,292 shares during the period. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Accel Entertainment Price Performance

ACEL stock opened at $12.01 on Friday. The firm has a 50 day simple moving average of $12.42 and a two-hundred day simple moving average of $11.78. The stock has a market cap of $977.12 million, a PE ratio of 20.01 and a beta of 1.00. Accel Entertainment has a one year low of $9.55 and a one year high of $14.00. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.71 and a quick ratio of 2.64.

Accel Entertainment (NYSE:ACEL) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Accel Entertainment had a net margin of 3.79% and a return on equity of 25.70%. The firm had revenue of $351.56 million for the quarter, compared to analysts’ expectations of $342.88 million. On average, analysts predict that Accel Entertainment will post 0.72 EPS for the current fiscal year.

Accel Entertainment Company Profile

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.