Bruce Wardinski Buys 50,000 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Bruce Wardinski bought 50,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $11.55 per share, with a total value of $577,500.00. Following the transaction, the director owned 50,000 shares in the company, valued at $577,500. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Accel Entertainment Stock Performance

NYSE ACEL traded down $0.11 on Monday, hitting $11.53. The stock had a trading volume of 351,465 shares, compared to its average volume of 385,477. Accel Entertainment, Inc. has a one year low of $9.55 and a one year high of $13.31. The company has a quick ratio of 2.64, a current ratio of 2.71 and a debt-to-equity ratio of 2.02. The stock has a market cap of $940.06 million, a price-to-earnings ratio of 19.21 and a beta of 1.04. The company’s 50-day moving average is $11.52 and its two-hundred day moving average is $11.09.

Accel Entertainment (NYSE:ACEL) last posted its 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 net margin of 3.79% and a return on equity of 25.70%. The firm had revenue of $351.56 million during the quarter, compared to analysts’ expectations of $342.88 million. On average, analysts expect that Accel Entertainment, Inc. will post 0.7 earnings per share for the current year.

Institutional Trading of Accel Entertainment

Institutional investors have recently made changes to their positions in the stock. UBS Group AG lifted its stake in Accel Entertainment by 71.6% during the fourth quarter. UBS Group AG now owns 200,736 shares of the company’s stock valued at $2,290,000 after purchasing an additional 83,725 shares during the last quarter. FourThought Financial Partners LLC acquired a new stake in Accel Entertainment during the fourth quarter valued at approximately $204,000. R Squared Ltd lifted its stake in Accel Entertainment by 30.4% during the fourth quarter. R Squared Ltd now owns 30,101 shares of the company’s stock valued at $343,000 after purchasing an additional 7,020 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Accel Entertainment during the fourth quarter valued at approximately $157,000. Finally, Hohimer Wealth Management LLC lifted its stake in Accel Entertainment by 13.7% during the third quarter. Hohimer Wealth Management LLC now owns 19,393 shares of the company’s stock valued at $215,000 after purchasing an additional 2,342 shares during the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ACEL. Wall Street Zen lowered shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research raised shares of Accel Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Truist Financial upped their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, March 4th. Citizens Jmp upped their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings raised shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $14.67.

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.