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

Accel Entertainment, Inc. (NYSE:ACEL) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $14.6667.

A number of research analysts have issued reports on ACEL shares. Wall Street Zen downgraded Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Citizens Jmp upped their target price on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research note on Wednesday, March 4th. Weiss Ratings downgraded Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Zacks Research downgraded Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Finally, Truist Financial upped their target price on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, March 4th.

Insiders Place Their Bets

In other news, Director David W. Ruttenberg sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $11.53, for a total transaction of $115,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce D. Wardinski bought 50,000 shares of Accel Entertainment stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of $11.55 per share, with a total value of $577,500.00. Following the completion of the purchase, the director owned 50,000 shares in the company, valued at approximately $577,500. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 898,524 shares of company stock valued at $10,263,964. Corporate insiders own 14.47% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ACEL. Osaic Holdings Inc. raised 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 buying an additional 4,608 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Accel Entertainment by 195.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock worth $84,000 after purchasing 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 first quarter worth approximately $110,000. EntryPoint Capital LLC purchased a new stake in shares of Accel Entertainment during the fourth quarter worth approximately $118,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Accel Entertainment during the fourth quarter worth approximately $131,000. 55.39% of the stock is owned by institutional investors and hedge funds.

Accel Entertainment Trading Up 0.7%

Shares of NYSE:ACEL opened at $12.06 on Friday. Accel Entertainment has a 12-month low of $9.55 and a 12-month high of $13.31. The company has a market capitalization of $981.40 million, a PE ratio of 20.10 and a beta of 1.04. The business has a 50 day moving average of $11.59 and a two-hundred day moving average of $11.24. The company has a current ratio of 2.71, a quick ratio of 2.64 and a debt-to-equity ratio of 2.02.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Accel Entertainment had a return on equity of 25.70% and a net margin of 3.79%.The company had revenue of $351.56 million during the quarter, compared to the consensus estimate of $342.88 million. As a group, analysts forecast that Accel Entertainment will post 0.7 EPS for the current year.

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.