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

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.6667.

Several analysts recently commented on ACEL shares. Citizens Jmp boosted their price target on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 4th. Weiss Ratings cut Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Zacks Research cut Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Truist Financial upped their target price on Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd.

Accel Entertainment Stock Up 0.7%

Shares of ACEL opened at $12.06 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 2.64 and a current ratio of 2.71. Accel Entertainment has a one year low of $9.55 and a one year high of $13.31. The stock has a market capitalization of $981.40 million, a price-to-earnings ratio of 20.10 and a beta of 1.04. The stock has a 50 day moving average price of $11.59 and a 200 day moving average price of $11.24.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Accel Entertainment had a return on equity of 25.70% and a net margin of 3.79%.The firm had revenue of $351.56 million during the quarter, compared to analysts’ expectations of $342.88 million. Equities research analysts forecast that Accel Entertainment will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Accel Entertainment news, insider Derek Harmer sold 20,000 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $11.39, for a total value of $227,800.00. Following the completion of the sale, the insider directly owned 179,963 shares in the company, valued at $2,049,778.57. This represents a 10.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gordon Rubenstein sold 12,931 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $11.55, for a total value of $149,353.05. The SEC filing for this sale provides additional information. Insiders have sold 898,524 shares of company stock valued at $10,263,964 in the last quarter. Corporate insiders own 14.47% of the company’s stock.

Institutional Trading of Accel Entertainment

Several large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP grew its holdings in shares of Accel Entertainment by 8.7% during the 2nd quarter. Engineers Gate Manager LP now owns 11,960 shares of the company’s stock worth $141,000 after purchasing an additional 956 shares during the period. Cerity Partners LLC grew its holdings in shares of Accel Entertainment by 3.9% during the 2nd quarter. Cerity Partners LLC now owns 30,763 shares of the company’s stock worth $362,000 after purchasing an additional 1,145 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Accel Entertainment by 8.7% during the 2nd 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 during the period. Zacks Investment Management grew its holdings in shares of Accel Entertainment by 9.4% during the 3rd quarter. Zacks Investment Management now owns 23,647 shares of the company’s stock worth $262,000 after purchasing an additional 2,035 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in shares of Accel Entertainment by 7.8% during the 4th quarter. MetLife Investment Management LLC now owns 29,035 shares of the company’s stock worth $331,000 after purchasing an additional 2,110 shares during the period. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

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.