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

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $14.25.

Several analysts have issued reports on the stock. Citigroup began coverage on shares of Accel Entertainment in a research note on Friday, December 5th. They set an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Accel Entertainment in a research report on Monday, December 29th. Truist Financial began coverage on Accel Entertainment in a research note on Tuesday, December 16th. They issued a “hold” rating and a $13.00 price objective for the company. Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Macquarie Infrastructure reiterated an “outperform” rating and issued a $16.00 target price on shares of Accel Entertainment in a report on Wednesday, November 5th.

Accel Entertainment Stock Performance

Shares of ACEL opened at $10.87 on Wednesday. The company has a 50-day moving average of $11.31 and a two-hundred day moving average of $10.93. The stock has a market cap of $904.74 million, a price-to-earnings ratio of 21.75 and a beta of 1.07. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.57 and a quick ratio of 2.50. Accel Entertainment has a one year low of $9.02 and a one year high of $13.27.

Insiders Place Their Bets

In other Accel Entertainment news, insider Derek Harmer sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $11.50, for a total value of $57,500.00. Following the transaction, the insider owned 199,917 shares in the company, valued at $2,299,045.50. The trade was a 2.44% decrease in their ownership of the stock. 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 company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $11.04, for a total value of $276,000.00. Following the completion of the transaction, the director directly owned 198,135 shares in the company, valued at approximately $2,187,410.40. The trade was a 11.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,000 shares of company stock valued at $1,289,100 in the last three months. Company insiders own 18.33% of the company’s stock.

Hedge Funds Weigh In On Accel Entertainment

A number of hedge funds have recently added to or reduced their stakes in ACEL. State of Alaska Department of Revenue acquired a new stake in Accel Entertainment in the third quarter valued at approximately $49,000. CWM LLC increased its stake in shares of Accel Entertainment by 151.7% during the 2nd quarter. CWM LLC now owns 4,992 shares of the company’s stock worth $59,000 after purchasing an additional 3,009 shares during the last quarter. Osaic Holdings Inc. raised its holdings 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 purchasing an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC lifted 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 valued at $84,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Accel Entertainment in the first quarter worth $110,000. Institutional investors and hedge funds 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.