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

Accel Entertainment, Inc. (NYSE:ACEL) has been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.75.

A number of analysts recently issued reports on ACEL shares. Citigroup initiated coverage on Accel Entertainment in a research report on Friday, December 5th. They set an “outperform” rating for the company. Truist Financial upped their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, March 4th. Weiss Ratings raised shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 5th. Finally, Citizens Jmp lifted their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a research report on Wednesday, March 4th.

Accel Entertainment Price Performance

ACEL stock opened at $11.29 on Friday. The business has a fifty day moving average of $11.34 and a two-hundred day moving average of $10.96. The company has a quick ratio of 2.55, a current ratio of 2.61 and a debt-to-equity ratio of 2.11. The stock has a market cap of $920.81 million, a price-to-earnings ratio of 18.82 and a beta of 1.05. Accel Entertainment has a 52-week low of $9.02 and a 52-week high of $13.31.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. Accel Entertainment had a return on equity of 27.49% and a net margin of 3.87%.The business had revenue of $341.45 million for the quarter, compared to analyst estimates of $335.66 million. As a group, research analysts anticipate that Accel Entertainment will post 0.8 earnings per share for the current year.

Insider Buying and Selling

In other Accel Entertainment news, insider Derek Harmer sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $11.11, for a total value of $111,100.00. Following the sale, the insider owned 204,917 shares of the company’s stock, valued at $2,276,627.87. The trade was a 4.65% 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. Also, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $11.04, for a total value of $276,000.00. Following the transaction, the director owned 198,135 shares in the company, valued at $2,187,410.40. This trade represents a 11.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 732,538 shares of company stock valued at $8,365,916. Company insiders own 18.33% of the company’s stock.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in shares of Accel Entertainment in the 3rd quarter valued at $49,000. Osaic Holdings Inc. lifted its stake in 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 acquiring an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings 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 acquiring an additional 4,700 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Accel Entertainment during the 1st quarter valued at about $110,000. Finally, EntryPoint Capital LLC acquired a new position in Accel Entertainment in the 4th quarter valued at about $118,000. 55.39% of the stock is owned by institutional investors and hedge funds.

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.