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

Accel Entertainment, Inc. (NYSE:ACEL) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $14.6667.

ACEL has been the subject of a number of research analyst reports. Citizens Jmp lifted their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 4th. Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research downgraded shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Weiss Ratings downgraded shares of Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Truist Financial boosted their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research note 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 business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $13.00, for a total value of $260,000.00. Following the completion of the sale, the insider directly owned 187,827 shares of the company’s stock, valued at $2,441,751. The trade was a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gordon Rubenstein sold 12,931 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $11.55, for a total transaction of $149,353.05. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 104,277 shares of company stock valued at $1,259,917. Company insiders own 14.47% of the company’s stock.

Hedge Funds Weigh In On Accel Entertainment

A number of hedge funds have recently modified their holdings of ACEL. Arrowstreet Capital Limited Partnership increased its position in shares of Accel Entertainment by 63.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock valued at $11,814,000 after acquiring an additional 421,047 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Accel Entertainment in the third quarter valued at about $4,368,000. Millennium Management LLC increased its position in shares of Accel Entertainment by 252.5% in the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock valued at $4,985,000 after acquiring an additional 359,948 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Accel Entertainment by 177.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 548,952 shares of the company’s stock valued at $6,264,000 after acquiring an additional 351,012 shares during the period. Finally, Visualize Group LP purchased a new position in shares of Accel Entertainment in the third quarter valued at about $2,280,000. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Accel Entertainment Stock Performance

NYSE ACEL opened at $12.84 on Tuesday. Accel Entertainment has a 52-week low of $9.55 and a 52-week high of $14.00. The company has a debt-to-equity ratio of 2.02, a quick ratio of 2.64 and a current ratio of 2.71. The company has a market capitalization of $1.05 billion, a P/E ratio of 21.40 and a beta of 1.01. The company has a fifty day moving average of $12.10 and a 200-day moving average of $11.54.

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