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

Accel Entertainment, Inc. (NYSE:ACEL) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat 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 price objective among brokers that have issued a report on the stock in the last year is $14.25.

A number of brokerages recently issued reports on ACEL. Wall Street Zen downgraded Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Truist Financial began coverage on shares of Accel Entertainment in a report on Tuesday, December 16th. They set a “hold” rating and a $13.00 price objective for the company. Citigroup assumed coverage on Accel Entertainment in a research note on Friday, December 5th. They issued an “outperform” rating for the company. Citizens Jmp set a $13.00 price target on shares of Accel Entertainment in a research report on Friday, December 5th. Finally, Macquarie Infrastructure restated an “outperform” rating and issued a $16.00 target price on shares of Accel Entertainment in a report on Wednesday, November 5th.

Accel Entertainment Trading Up 0.8%

Shares of ACEL opened at $10.92 on Wednesday. Accel Entertainment has a twelve month low of $9.02 and a twelve month high of $13.27. The company has a quick ratio of 2.50, a current ratio of 2.57 and a debt-to-equity ratio of 2.12. The stock has a market cap of $908.49 million, a PE ratio of 21.84 and a beta of 1.07. The business’s 50-day moving average price is $11.30 and its 200-day moving average price is $10.95.

Insider Activity at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $11.19, for a total value of $279,750.00. Following the completion of the sale, the director directly owned 223,135 shares in the company, valued at $2,496,880.65. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Derek Harmer sold 10,000 shares of the firm’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 completion of the transaction, the insider owned 204,917 shares of the company’s stock, valued at approximately $2,276,627.87. The trade was a 4.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 90,000 shares of company stock worth $1,013,100 over the last three months. Insiders own 18.33% of the company’s stock.

Institutional Investors Weigh In On Accel Entertainment

Hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in Accel Entertainment in the third quarter worth $49,000. CWM LLC increased 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 buying an additional 3,009 shares during the last quarter. Osaic Holdings Inc. raised its position in Accel Entertainment by 456.2% in the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after acquiring an additional 4,608 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of 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 during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Accel Entertainment during the first quarter valued at $110,000. Institutional investors own 55.39% of the company’s stock.

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.