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

Accel Entertainment, Inc. (NYSE:ACEL) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are 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 12 month target price among analysts that have issued a report on the stock in the last year is $14.00.

ACEL has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Accel Entertainment in a research report on Monday, December 22nd. Macquarie reaffirmed an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a research report on Wednesday, November 5th. Zacks Research downgraded shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. JMP Securities set a $13.00 target price on shares of Accel Entertainment in a research report on Friday, December 5th. Finally, Truist Financial initiated coverage on shares of Accel Entertainment in a research report on Tuesday, December 16th. They issued a “hold” rating and a $13.00 price target on the stock.

Insider Buying and Selling at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $11.19, for a total transaction of $279,750.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Derek Harmer sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $11.11, for a total value of $111,100.00. Following the transaction, the insider owned 204,917 shares of the company’s stock, valued at approximately $2,276,627.87. This trade represents a 4.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 65,000 shares of company stock worth $723,600 over the last quarter. 18.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Accel Entertainment

A number of hedge funds have recently modified their holdings of ACEL. State of Alaska Department of Revenue bought a new stake in shares of Accel Entertainment during the 3rd quarter valued at $49,000. CWM LLC raised its holdings in 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 acquiring an additional 3,009 shares during the period. Osaic Holdings Inc. lifted its position in shares of Accel Entertainment by 456.2% in the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after acquiring an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Accel Entertainment by 195.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Accel Entertainment in the first quarter worth about $110,000. 55.39% of the stock is currently owned by institutional investors.

Accel Entertainment Trading Down 0.6%

NYSE:ACEL opened at $11.63 on Tuesday. The company has a market cap of $967.82 million, a PE ratio of 23.26 and a beta of 1.07. 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 50 day simple moving average of $10.49 and a two-hundred day simple moving average of $11.14. Accel Entertainment has a 12 month low of $9.02 and a 12 month high of $13.27.

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.