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

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $14.80.

ACEL has been the subject of several analyst reports. Wells Fargo & Company began coverage on shares of Accel Entertainment in a research note on Friday, August 21st. They issued an “equal weight” rating and a $14.00 price objective for the company. Citigroup restated a “market outperform” rating on shares of Accel Entertainment in a research note on Wednesday, August 5th. National Bank Financial set a $15.00 price objective on Accel Entertainment in a report on Wednesday, August 5th. Wall Street Zen downgraded Accel Entertainment from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Truist Financial set a $14.00 price target on Accel Entertainment in a research report on Wednesday, August 19th.

Accel Entertainment Stock Up 0.3%

ACEL stock opened at $11.84 on Friday. Accel Entertainment has a fifty-two week low of $9.55 and a fifty-two week high of $14.00. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.47 and a quick ratio of 2.40. The stock has a market capitalization of $961.29 million, a price-to-earnings ratio of 17.67 and a beta of 1.01. The business’s fifty day moving average price is $12.20 and its two-hundred day moving average price is $11.93.

Accel Entertainment (NYSE:ACEL) last announced its earnings results on Tuesday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Accel Entertainment had a net margin of 4.08% and a return on equity of 22.30%. The business had revenue of $368.13 million during the quarter, compared to the consensus estimate of $356.66 million. On average, equities analysts anticipate that Accel Entertainment will post 0.69 earnings per share for the current year.

Insider Buying and Selling

In other Accel Entertainment news, insider Derek Harmer sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $13.00, for a total transaction of $260,000.00. Following the completion of the transaction, the insider directly owned 187,827 shares in the company, valued at $2,441,751. The trade was a 9.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mark T. Phelan sold 25,000 shares of the company’s stock in a transaction 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 sale, the chief operating officer owned 241,464 shares of the company’s stock, valued at $3,139,032. The trade was a 9.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 14.47% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of Accel Entertainment by 13.1% in the first quarter. AQR Capital Management LLC now owns 160,415 shares of the company’s stock worth $1,591,000 after acquiring an additional 18,643 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Accel Entertainment during the first quarter worth $110,000. Millennium Management LLC raised its stake in Accel Entertainment by 252.5% during the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock worth $4,985,000 after buying an additional 359,948 shares during the last quarter. Jane Street Group LLC lifted its holdings in Accel Entertainment by 157.5% in the first quarter. Jane Street Group LLC now owns 37,108 shares of the company’s stock valued at $368,000 after buying an additional 22,695 shares during the period. Finally, Rhumbline Advisers boosted its position in Accel Entertainment by 10.2% during the second quarter. Rhumbline Advisers now owns 81,054 shares of the company’s stock valued at $954,000 after acquiring an additional 7,501 shares during the last quarter. Institutional investors 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.