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

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.6667.

ACEL has been the topic of several research analyst reports. Citizens Jmp boosted 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. Zacks Research cut shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Wall Street Zen cut shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Truist Financial upped their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings cut shares of Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th.

Accel Entertainment Price Performance

Shares of NYSE ACEL opened at $12.84 on Tuesday. Accel Entertainment has a 1 year low of $9.55 and a 1 year high of $14.00. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.71 and a quick ratio of 2.64. The company’s 50-day moving average is $12.10 and its 200 day moving average is $11.54. The stock has a market capitalization of $1.05 billion, a P/E ratio of 21.40 and a beta of 1.01.

Accel Entertainment (NYSE:ACEL) last announced 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. Accel Entertainment had a net margin of 3.79% and a return on equity of 25.70%. The company had revenue of $351.56 million for the quarter, compared to analysts’ expectations of $342.88 million. On average, sell-side analysts expect that Accel Entertainment will post 0.7 earnings per share for the current year.

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, Director Gordon Rubenstein sold 12,931 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $11.55, for a total value of $149,353.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 owned 187,827 shares in the company, valued at approximately $2,441,751. This trade represents a 9.62% decrease in their position. The SEC filing for this sale provides additional information. 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 in the last ninety days. 14.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quantinno Capital Management LP lifted its stake in shares of Accel Entertainment by 18.9% in the first quarter. Quantinno Capital Management LP now owns 123,906 shares of the company’s stock worth $1,352,000 after buying an additional 19,734 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Accel Entertainment by 17.1% in the first quarter. Lazard Asset Management LLC now owns 298,515 shares of the company’s stock worth $3,257,000 after buying an additional 43,663 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Accel Entertainment by 63.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock worth $11,814,000 after buying an additional 421,047 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Accel Entertainment in the first quarter worth approximately $208,000. Finally, Orvieto Partners L.P. lifted its stake in shares of Accel Entertainment by 74.8% in the first quarter. Orvieto Partners L.P. now owns 133,838 shares of the company’s stock worth $1,460,000 after buying an additional 57,292 shares in the last quarter. Institutional investors own 55.39% of the company’s stock.

Accel Entertainment Company Profile

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.