Accel Entertainment, Inc. (NYSE:ACEL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.00.

Several analysts have recently commented on ACEL shares. JMP Securities set a $13.00 target price on shares of Accel Entertainment in a report on Friday, December 5th. Citizens Jmp started coverage on shares of Accel Entertainment in a research note on Friday, December 5th. They issued a “market outperform” rating and a $13.00 price objective for the company. Citigroup started coverage on shares of Accel Entertainment in a research report on Friday, December 5th. They set an “outperform” rating on the stock. Wall Street Zen lowered Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Truist Financial initiated coverage on Accel Entertainment in a research report on Tuesday, December 16th. They set a “hold” rating and a $13.00 price target for the company.

Insider Buying and Selling at Accel Entertainment

In other news, insider Derek Harmer sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.50, for a total transaction of $57,500.00. Following the completion of the sale, the insider directly owned 199,917 shares of the company’s stock, valued at $2,299,045.50. This trade represents a 2.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $11.19, for a total transaction of $279,750.00. Following the completion of the transaction, the director directly owned 223,135 shares in the company, valued at $2,496,880.65. This trade represents a 10.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 65,000 shares of company stock valued at $723,600. Insiders own 18.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ACEL. State of Alaska Department of Revenue purchased a new position in Accel Entertainment in the third quarter valued at approximately $49,000. CWM LLC raised its stake in shares of Accel Entertainment by 151.7% in the second quarter. CWM LLC now owns 4,992 shares of the company’s stock valued at $59,000 after buying an additional 3,009 shares during the period. Osaic Holdings Inc. lifted its position in shares of 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 buying an additional 4,608 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of 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 buying an additional 4,700 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Accel Entertainment during the 1st quarter worth $110,000. 55.39% of the stock is owned by institutional investors.

Accel Entertainment Price Performance

Shares of NYSE:ACEL opened at $11.46 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 2.50 and a debt-to-equity ratio of 2.12. The stock’s fifty day simple moving average is $10.59 and its two-hundred day simple moving average is $11.15. Accel Entertainment has a 1-year low of $9.02 and a 1-year high of $13.27. The stock has a market cap of $953.90 million, a PE ratio of 22.93 and a beta of 1.08.

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.