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

Accel Entertainment, Inc. (NYSE:ACEL) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $14.6667.

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

Accel Entertainment Trading Up 1.2%

Shares of ACEL stock opened at $13.30 on Tuesday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 22.17 and a beta of 1.01. The company has a debt-to-equity ratio of 2.02, a quick ratio of 2.64 and a current ratio of 2.71. The firm has a fifty day moving average of $12.21 and a 200-day moving average of $11.61. Accel Entertainment has a 52-week low of $9.55 and a 52-week high of $14.00.

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

Insider Buying and Selling at Accel Entertainment

In other news, COO Mark T. Phelan sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $13.00, for a total value of $325,000.00. Following the completion of the transaction, the chief operating officer owned 241,464 shares of the company’s stock, valued at $3,139,032. This represents a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce D. Wardinski acquired 50,000 shares of the stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $11.55 per share, with a total value of $577,500.00. Following the purchase, the director directly owned 50,000 shares of the company’s stock, valued at $577,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 104,277 shares of company stock worth $1,259,917. Insiders own 14.47% of the company’s stock.

Institutional Inflows and Outflows

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