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

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.6667.

A number of analysts have recently commented on ACEL shares. Citigroup assumed coverage on shares of Accel Entertainment in a report on Friday. They set an “outperform” rating on the stock. JMP Securities set a $13.00 price objective on shares of Accel Entertainment in a research note on Friday. Macquarie reaffirmed an “outperform” rating and set a $16.00 target price on shares of Accel Entertainment in a research note on Wednesday, November 5th. Wall Street Zen lowered shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Zacks Research downgraded Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th.

Insider Activity at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $11.11, for a total value of $277,750.00. Following the sale, the director directly owned 248,135 shares of the company’s stock, valued at approximately $2,756,779.85. This represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 18.33% of the company’s stock.

Institutional Trading of Accel Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hill Path Capital LP bought a new stake in shares of Accel Entertainment during the second quarter valued at approximately $32,828,000. CIBC Bancorp USA Inc. bought a new position in shares of Accel Entertainment during the third quarter valued at $4,368,000. Millennium Management LLC increased its holdings in Accel Entertainment by 252.5% in the 1st 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 in the last quarter. Visualize Group LP bought a new position in Accel Entertainment during the 3rd quarter valued at about $2,280,000. Finally, Invesco Ltd. boosted its holdings in shares of Accel Entertainment by 24.7% during the 1st quarter. Invesco Ltd. now owns 912,129 shares of the company’s stock valued at $9,048,000 after acquiring an additional 180,868 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors.

Accel Entertainment Stock Performance

Shares of ACEL stock opened at $10.44 on Friday. The stock has a fifty day moving average of $10.35 and a 200 day moving average of $11.17. Accel Entertainment has a 52 week low of $9.02 and a 52 week high of $13.27. The company has a quick ratio of 2.50, a current ratio of 2.57 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $868.30 million, a price-to-earnings ratio of 20.87 and a beta of 1.07.

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.