Accel Entertainment, Inc. (NYSE:ACEL) Receives $14.67 Average PT from Analysts

Accel Entertainment, Inc. (NYSE:ACELGet Free Report) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $14.6667.

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, March 4th. Zacks Research lowered Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Wall Street Zen lowered Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Citizens Jmp increased their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research note on Wednesday, March 4th.

Get Our Latest Stock Analysis on Accel Entertainment

Insider Buying and Selling

In other Accel Entertainment news, Director David W. Ruttenberg sold 10,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $11.53, for a total transaction of $115,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce D. Wardinski acquired 50,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were bought at an average price of $11.55 per share, with a total value of $577,500.00. Following the completion of the purchase, the director directly owned 50,000 shares of the company’s stock, valued at approximately $577,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 837,572 shares of company stock valued at $9,547,778. 14.47% of the stock is owned by insiders.

Hedge Funds Weigh In On Accel Entertainment

Several institutional investors have recently bought and sold shares of ACEL. Osaic Holdings Inc. raised its position in Accel Entertainment by 456.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after purchasing an additional 4,608 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Accel Entertainment by 195.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after purchasing an additional 4,700 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Accel Entertainment in the 1st quarter valued at $110,000. EntryPoint Capital LLC bought a new position in Accel Entertainment in the 4th quarter valued at $118,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Accel Entertainment in the 4th quarter valued at $131,000. Institutional investors own 55.39% of the company’s stock.

Accel Entertainment Price Performance

Shares of ACEL stock opened at $12.08 on Friday. The stock has a 50 day moving average of $11.68 and a two-hundred day moving average of $11.30. The company has a current ratio of 2.71, a quick ratio of 2.64 and a debt-to-equity ratio of 2.02. Accel Entertainment has a 12 month low of $9.55 and a 12 month high of $13.31. The company has a market capitalization of $982.82 million, a P/E ratio of 20.13 and a beta of 1.01.

Accel Entertainment (NYSE:ACELGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Accel Entertainment had a return on equity of 25.70% and a net margin of 3.79%.The company had revenue of $351.56 million during the quarter, compared to the consensus estimate of $342.88 million. As a group, equities analysts expect that Accel Entertainment will post 0.7 EPS for the current year.

Accel Entertainment Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Accel Entertainment (NYSE:ACEL)

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