Northland Capmk Issues Negative Outlook for ACEL Earnings

Accel Entertainment, Inc. (NYSE:ACEL) – Research analysts at Northland Capmk cut their Q1 2025 earnings per share estimates for Accel Entertainment in a research report issued to clients and investors on Wednesday, April 30th. Northland Capmk analyst G. Gibas now expects that the company will earn $0.19 per share for the quarter, down from their prior forecast of $0.20. The consensus estimate for Accel Entertainment’s current full-year earnings is $0.80 per share.

A number of other equities research analysts have also commented on the company. Macquarie increased their price target on Accel Entertainment from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. Northland Securities increased their target price on shares of Accel Entertainment to $15.00 and gave the company a “buy” rating in a report on Thursday.

Accel Entertainment Stock Performance

Shares of Accel Entertainment stock opened at $10.48 on Friday. Accel Entertainment has a 52 week low of $9.02 and a 52 week high of $12.96. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The business has a 50 day moving average price of $10.49 and a 200-day moving average price of $11.06. The company has a market cap of $896.94 million, a PE ratio of 20.56 and a beta of 1.35.

Insider Activity

In other Accel Entertainment news, insider Derek Harmer sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.00, for a total value of $50,000.00. Following the sale, the insider now directly owns 216,575 shares in the company, valued at $2,165,750. The trade was a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $12.35, for a total value of $308,750.00. Following the completion of the sale, the director now directly owns 335,635 shares of the company’s stock, valued at approximately $4,145,092.25. This trade represents a 6.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock valued at $686,500 in the last ninety days. 19.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Accel Entertainment

Large investors have recently modified their holdings of the business. Versant Capital Management Inc bought a new position in Accel Entertainment in the 1st quarter worth approximately $35,000. Covestor Ltd lifted its position in shares of Accel Entertainment by 32.4% during the fourth quarter. Covestor Ltd now owns 4,294 shares of the company’s stock worth $46,000 after acquiring an additional 1,051 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Accel Entertainment in the fourth quarter worth $51,000. Russell Investments Group Ltd. grew its position in shares of Accel Entertainment by 11,304.3% in the fourth quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock valued at $56,000 after purchasing an additional 5,200 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Accel Entertainment by 483.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company’s stock valued at $79,000 after purchasing an additional 6,151 shares during the period. Hedge funds and other institutional investors own 55.39% of the company’s stock.

About Accel Entertainment

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.