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

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.25.

ACEL has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Accel Entertainment in a report on Monday. Citigroup initiated coverage on shares of Accel Entertainment in a report on Friday. They set an “outperform” rating on the stock. JMP Securities set a $13.00 price target on shares of Accel Entertainment in a research report on Friday. Finally, Zacks Research downgraded shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th.

Insider Buying and Selling

In related news, Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $11.11, for a total transaction of $277,750.00. Following the completion of the transaction, the director directly owned 248,135 shares of the company’s stock, valued at $2,756,779.85. The trade was a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.33% of the stock is owned by insiders.

Hedge Funds Weigh In On Accel Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new position in shares of Accel Entertainment during the third quarter worth about $49,000. CWM LLC lifted its stake in Accel Entertainment by 151.7% in the second quarter. CWM LLC now owns 4,992 shares of the company’s stock worth $59,000 after acquiring an additional 3,009 shares during the last quarter. Osaic Holdings Inc. grew its holdings in 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 grew its holdings in 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. Finally, XTX Topco Ltd purchased a new stake in shares of Accel Entertainment in the 1st quarter valued at approximately $101,000. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Accel Entertainment Price Performance

ACEL stock opened at $10.58 on Friday. The business’s fifty day moving average price is $10.30 and its 200 day moving average price is $11.15. Accel Entertainment has a 12-month low of $9.02 and a 12-month high of $13.27. The company has a current ratio of 2.57, a quick ratio of 2.50 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $879.92 million, a PE ratio of 21.15 and a beta of 1.07.

Accel Entertainment Company Profile

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.