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

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $15.00.

A number of research analysts have commented on ACEL shares. Zacks Research cut shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Citigroup reiterated a “market outperform” rating on shares of Accel Entertainment in a research note on Wednesday, August 5th. Citizens Jmp increased their target price on Accel Entertainment from $14.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 5th. National Bank Financial set a $15.00 target price on Accel Entertainment in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th.

Accel Entertainment Trading Up 1.6%

Shares of ACEL stock opened at $12.24 on Wednesday. The firm has a fifty day moving average of $12.51 and a 200-day moving average of $11.84. The stock has a market cap of $996.25 million, a price-to-earnings ratio of 18.27 and a beta of 1.02. 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 1.91, a quick ratio of 2.40 and a current ratio of 2.47.

Accel Entertainment (NYSE:ACEL) last issued its earnings results on Tuesday, August 4th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The business had revenue of $368.13 million for the quarter, compared to analyst estimates of $356.66 million. Accel Entertainment had a net margin of 4.08% and a return on equity of 22.30%. On average, equities research analysts forecast that Accel Entertainment will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Accel Entertainment

In other news, COO Mark T. Phelan sold 25,000 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 $325,000.00. Following the sale, the chief operating officer owned 241,464 shares in the company, valued at approximately $3,139,032. The trade was a 9.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Derek Harmer sold 20,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $13.00, for a total transaction of $260,000.00. Following the completion of the sale, the insider directly owned 187,827 shares in the company, valued at approximately $2,441,751. The trade was a 9.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 14.47% of the company’s stock.

Hedge Funds Weigh In On Accel Entertainment

Several institutional investors have recently added to or reduced their stakes in ACEL. Engineers Gate Manager LP increased its position in Accel Entertainment by 8.7% in the 2nd quarter. Engineers Gate Manager LP now owns 11,960 shares of the company’s stock valued at $141,000 after acquiring an additional 956 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Accel Entertainment by 3.9% during the second quarter. Cerity Partners LLC now owns 30,763 shares of the company’s stock worth $362,000 after purchasing an additional 1,145 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Accel Entertainment by 8.7% during the second quarter. The Manufacturers Life Insurance Company now owns 21,083 shares of the company’s stock worth $248,000 after purchasing an additional 1,694 shares in the last quarter. Zacks Investment Management grew its stake in shares of Accel Entertainment by 9.4% during the third quarter. Zacks Investment Management now owns 23,647 shares of the company’s stock valued at $262,000 after purchasing an additional 2,035 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of Accel Entertainment by 7.8% during the fourth quarter. MetLife Investment Management LLC now owns 29,035 shares of the company’s stock valued at $331,000 after purchasing an additional 2,110 shares during the last quarter. 55.39% of the stock is owned by institutional investors.

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.