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

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $14.00.

Several brokerages have weighed in on ACEL. Truist Financial began coverage on Accel Entertainment in a research note on Tuesday, December 16th. They set a “hold” rating and a $13.00 target price on the stock. Citigroup began coverage on Accel Entertainment in a report on Friday, December 5th. They set an “outperform” rating on the stock. Macquarie reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Accel Entertainment in a report on Wednesday, November 5th. Citizens Jmp assumed coverage on shares of Accel Entertainment in a research report on Friday, December 5th. They issued a “market outperform” rating and a $13.00 target price for the company. Finally, Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st.

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, insider Derek Harmer sold 10,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $11.11, for a total value of $111,100.00. Following the sale, the insider directly owned 204,917 shares in the company, valued at approximately $2,276,627.87. The trade was a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $11.19, for a total transaction of $279,750.00. Following the completion of the sale, the director directly owned 223,135 shares of the company’s stock, valued at $2,496,880.65. The trade was a 10.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 90,000 shares of company stock worth $1,013,100. 18.33% of the stock is owned by insiders.

Institutional Trading of Accel Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in shares of Accel Entertainment during the 3rd quarter worth $49,000. CWM LLC lifted its holdings in shares of Accel Entertainment by 151.7% during the second quarter. CWM LLC now owns 4,992 shares of the company’s stock valued at $59,000 after purchasing an additional 3,009 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Accel Entertainment by 456.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after purchasing an additional 4,608 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Accel Entertainment by 195.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after purchasing an additional 4,700 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Accel Entertainment in the 1st quarter worth about $110,000. 55.39% of the stock is currently owned by institutional investors.

Accel Entertainment Trading Down 0.8%

Accel Entertainment stock opened at $11.12 on Friday. Accel Entertainment has a 52-week low of $9.02 and a 52-week high of $13.27. The company has a quick ratio of 2.50, a current ratio of 2.57 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $924.88 million, a price-to-earnings ratio of 22.23 and a beta of 1.08. The firm has a 50-day moving average price of $11.05 and a two-hundred day moving average price of $11.09.

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.