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

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.6667.

A number of research firms have weighed in on ACEL. Wall Street Zen lowered shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Finally, Zacks Research downgraded shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd.

Insider Buying and Selling

In other news, Director Gordon Rubenstein sold 46,346 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $11.34, for a total value of $525,563.64. Following the transaction, the director owned 4,946 shares in the company, valued at $56,087.64. This trade represents a 90.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Derek Harmer sold 20,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 187,827 shares in the company, valued at $2,441,751. This represents a 9.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 104,277 shares of company stock worth $1,259,917 over the last 90 days. Company insiders own 14.47% of the company’s stock.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. 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 valued at $66,000 after acquiring an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Accel Entertainment by 195.9% in 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 in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Accel Entertainment in the 4th quarter worth $118,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Accel Entertainment in the first quarter valued at about $110,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Accel Entertainment in the fourth quarter valued at about $131,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Price Performance

Shares of NYSE:ACEL opened at $12.15 on Friday. Accel Entertainment has a twelve month low of $9.55 and a twelve month high of $14.00. The stock’s 50 day moving average is $12.37 and its 200-day moving average is $11.75. The company has a quick ratio of 2.64, a current ratio of 2.71 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $988.56 million, a price-to-earnings ratio of 20.24 and a beta of 1.00.

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