Northland Capmk Issues Pessimistic Outlook for ACEL Earnings

Accel Entertainment, Inc. (NYSE:ACEL) – Northland Capmk cut their FY2025 earnings per share estimates for shares of Accel Entertainment in a report issued on Wednesday, April 30th. Northland Capmk analyst G. Gibas now anticipates that the company will earn $0.84 per share for the year, down from their prior forecast of $0.85. The consensus estimate for Accel Entertainment’s current full-year earnings is $0.80 per share.

Other analysts have also recently issued research reports about the stock. Northland Securities raised their price objective on shares of Accel Entertainment to $15.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Macquarie reiterated an “outperform” rating and issued a $16.00 price objective on shares of Accel Entertainment in a report on Tuesday.

Accel Entertainment Stock Up 4.7 %

ACEL stock opened at $11.26 on Monday. The company’s 50 day moving average is $10.44 and its 200 day moving average is $11.04. The stock has a market cap of $963.25 million, a price-to-earnings ratio of 22.07 and a beta of 1.22. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. Accel Entertainment has a 1-year low of $9.02 and a 1-year high of $12.96.

Hedge Funds Weigh In On Accel Entertainment

Hedge funds have recently made changes to their positions in the business. Orvieto Partners L.P. bought a new stake in Accel Entertainment in the fourth quarter valued at $3,951,000. JPMorgan Chase & Co. increased its position in shares of Accel Entertainment by 70.0% during the fourth quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company’s stock valued at $5,163,000 after buying an additional 199,092 shares during the period. Renaissance Technologies LLC raised its stake in Accel Entertainment by 27.0% in the fourth quarter. Renaissance Technologies LLC now owns 823,917 shares of the company’s stock worth $8,799,000 after buying an additional 175,112 shares in the last quarter. Financial Counselors Inc. purchased a new stake in Accel Entertainment in the fourth quarter worth about $1,866,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Accel Entertainment by 300.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company’s stock valued at $2,342,000 after acquiring an additional 164,560 shares in the last quarter. 55.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total transaction of $308,750.00. Following the completion of the sale, the director now directly owns 335,635 shares in the company, valued at approximately $4,145,092.25. This represents a 6.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Derek Harmer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $10.50, for a total value of $52,500.00. Following the transaction, the insider now owns 211,575 shares in the company, valued at approximately $2,221,537.50. This represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock worth $686,500 over the last three months. Company insiders own 19.17% of the company’s stock.

Accel Entertainment Company Profile

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.