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

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.00.

Several analysts have weighed in on ACEL shares. Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. National Bank Financial set a $15.00 target price on shares of Accel Entertainment in a research note on Wednesday, August 5th. Citigroup reiterated a “market outperform” rating on shares of Accel Entertainment in a research report on Wednesday, August 5th. Zacks Research downgraded shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Finally, Weiss Ratings upgraded shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 26th.

Insider Buying and Selling at Accel Entertainment

In related news, insider Derek Harmer sold 20,000 shares of Accel Entertainment stock in a transaction on Monday, June 15th. The stock was sold at an average price of $13.00, for a total transaction of $260,000.00. Following the completion of the sale, the insider directly owned 187,827 shares of the company’s stock, 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 Accel Entertainment 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 directly owned 241,464 shares of the company’s stock, valued at approximately $3,139,032. This trade represents 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. Insiders own 14.47% of the company’s stock.

Institutional Trading of Accel Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of ACEL. Arrowstreet Capital Limited Partnership grew its holdings in Accel Entertainment by 63.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock valued at $11,814,000 after purchasing an additional 421,047 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in Accel Entertainment in the third quarter worth $4,368,000. Millennium Management LLC raised its holdings in Accel Entertainment by 252.5% in the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock worth $4,985,000 after purchasing an additional 359,948 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Accel Entertainment by 177.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 548,952 shares of the company’s stock worth $6,264,000 after purchasing an additional 351,012 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Accel Entertainment during the second quarter worth $2,643,000. 55.39% of the stock is owned by institutional investors.

Accel Entertainment Stock Up 1.6%

NYSE ACEL opened at $12.24 on Wednesday. The stock has a market capitalization of $996.25 million, a P/E ratio of 18.27 and a beta of 1.02. Accel Entertainment has a 52 week low of $9.55 and a 52 week high of $14.00. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.40 and a current ratio of 2.47. The stock has a fifty day moving average of $12.51 and a 200-day moving average of $11.84.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $368.13 million for the quarter, compared to analyst estimates of $356.66 million. Accel Entertainment had a net margin of 4.08% and a return on equity of 22.30%. On average, equities research analysts forecast that Accel Entertainment will post 0.7 EPS for the current year.

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.