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

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $14.6667.

ACEL has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Accel Entertainment in a research note on Monday. JMP Securities set a $13.00 price objective on shares of Accel Entertainment in a report on Friday. Wall Street Zen lowered shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Zacks Research downgraded shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Accel Entertainment in a report on Wednesday, November 5th.

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $11.11, for a total transaction of $277,750.00. Following the completion of the transaction, the director owned 248,135 shares in the company, valued at $2,756,779.85. This trade represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 18.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in shares of Accel Entertainment in the 3rd quarter worth $49,000. CWM LLC increased its stake in Accel Entertainment by 151.7% in 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 last quarter. Osaic Holdings Inc. lifted its stake in Accel Entertainment by 456.2% during the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after purchasing an additional 4,608 shares during the last quarter. Tower Research Capital LLC TRC boosted its position 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 valued at $84,000 after buying an additional 4,700 shares during the period. Finally, XTX Topco Ltd bought a new stake in Accel Entertainment in the 1st quarter worth $101,000. 55.39% of the stock is owned by institutional investors.

Accel Entertainment Stock Performance

Shares of ACEL opened at $10.44 on Friday. The stock has a 50 day moving average of $10.35 and a 200 day moving average of $11.17. The company has a market capitalization of $868.30 million, a price-to-earnings ratio of 20.87 and a beta of 1.07. 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.

About Accel Entertainment

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.