Accel Entertainment, Inc. (NYSE:ACEL) Given Average Recommendation of “Moderate Buy” by Brokerages

Accel Entertainment, Inc. (NYSE:ACEL) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $14.75.

ACEL has been the topic of several recent research reports. Wall Street Zen raised shares of Accel Entertainment from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Truist Financial upped their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, March 4th. Weiss Ratings lowered shares of Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Finally, Citizens Jmp upped their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a report on Wednesday, March 4th.

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, insider Derek Harmer sold 20,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $11.39, for a total value of $227,800.00. Following the sale, the insider directly owned 179,963 shares of the company’s stock, valued at approximately $2,049,778.57. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gordon Rubenstein sold 172,943 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $11.37, for a total transaction of $1,966,361.91. Following the completion of the sale, the director directly owned 22,674 shares in the company, valued at approximately $257,803.38. The trade was a 88.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 889,247 shares of company stock valued at $10,154,547. 18.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Accel Entertainment

Several hedge funds have recently added to or reduced their stakes in ACEL. State of Alaska Department of Revenue purchased a new stake in Accel Entertainment in the third quarter valued at $49,000. Osaic Holdings Inc. boosted its stake in shares of Accel Entertainment by 456.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after acquiring an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Accel Entertainment by 195.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock worth $84,000 after acquiring an additional 4,700 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Accel Entertainment during the 1st quarter worth about $110,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Accel Entertainment during the 4th quarter worth about $118,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Price Performance

Shares of ACEL opened at $11.65 on Thursday. The firm has a market capitalization of $949.88 million, a PE ratio of 19.41 and a beta of 1.05. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.61 and a quick ratio of 2.55. Accel Entertainment has a 1-year low of $9.55 and a 1-year high of $13.31. The company’s fifty day moving average price is $11.21 and its 200-day moving average price is $10.93.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $341.45 million for the quarter, compared to analyst estimates of $335.66 million. Accel Entertainment had a net margin of 3.87% and a return on equity of 27.49%. On average, equities research analysts predict that Accel Entertainment will post 0.8 EPS for the current 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.