Accel Entertainment (NYSE:ACEL) Director Sells $115,300.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David Ruttenberg sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $11.53, for a total value of $115,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Accel Entertainment Trading Down 0.4%

Shares of NYSE:ACEL opened at $11.34 on Friday. The stock has a market capitalization of $943.19 million, a price-to-earnings ratio of 18.89 and a beta of 1.05. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.55 and a current ratio of 2.61. The stock’s 50-day simple moving average is $11.34 and its two-hundred day simple moving average is $10.96. Accel Entertainment, Inc. has a 52-week low of $9.02 and a 52-week high of $13.31.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. Accel Entertainment had a net margin of 3.87% and a return on equity of 27.49%. The firm had revenue of $341.45 million during the quarter, compared to analyst estimates of $335.66 million. Analysts expect that Accel Entertainment, Inc. will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ACEL shares. Citizens Jmp increased 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 report on Wednesday, March 4th. Truist Financial upped their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, March 4th. Citigroup began coverage on Accel Entertainment in a report on Friday, December 5th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings upgraded Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACEL. State of Alaska Department of Revenue purchased a new stake in Accel Entertainment during the 3rd quarter valued at approximately $49,000. Osaic Holdings Inc. lifted its holdings in shares of Accel Entertainment by 456.2% in the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after buying an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Accel Entertainment by 195.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock worth $84,000 after acquiring an additional 4,700 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Accel Entertainment during the first quarter worth $110,000. Finally, EntryPoint Capital LLC purchased a new position in Accel Entertainment during the fourth quarter valued at $118,000. 55.39% of the stock is currently 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.