Accel Entertainment (NYSE:ACEL) Sets New 12-Month High – What’s Next?

Accel Entertainment, Inc. (NYSE:ACELGet Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $13.38 and last traded at $13.3450, with a volume of 44822 shares changing hands. The stock had previously closed at $13.16.

Analysts Set New Price Targets

ACEL has been the topic of a number of research analyst reports. Wall Street Zen lowered Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Truist Financial lifted their price objective 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 report on Friday, May 22nd. Weiss Ratings lowered Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Citizens Jmp lifted their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Accel Entertainment has an average rating of “Moderate Buy” and a consensus target price of $14.67.

Read Our Latest Stock Report on Accel Entertainment

Accel Entertainment Trading Up 1.5%

The company has a 50 day moving average of $11.81 and a 200 day moving average of $11.38. The company has a current ratio of 2.71, a quick ratio of 2.64 and a debt-to-equity ratio of 2.02. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 22.26 and a beta of 1.01.

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

Insider Activity at Accel Entertainment

In related news, Director Gordon Rubenstein sold 12,931 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $11.55, for a total value of $149,353.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Derek Harmer sold 20,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $11.39, for a total value of $227,800.00. Following the completion of the sale, the insider directly owned 179,963 shares in the company, valued at approximately $2,049,778.57. This represents a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 79,277 shares of company stock valued at $902,717 in the last 90 days. 14.47% of the stock is owned by corporate insiders.

Institutional Trading of Accel Entertainment

Several institutional investors have recently bought and sold shares of ACEL. AQR Capital Management LLC boosted its stake in Accel Entertainment by 13.1% in the 1st quarter. AQR Capital Management LLC now owns 160,415 shares of the company’s stock valued at $1,591,000 after buying an additional 18,643 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Accel Entertainment in the 1st quarter valued at $110,000. Millennium Management LLC boosted its stake in Accel Entertainment by 252.5% in the 1st quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock valued at $4,985,000 after buying an additional 359,948 shares in the last quarter. Jane Street Group LLC raised its position in Accel Entertainment by 157.5% in the 1st quarter. Jane Street Group LLC now owns 37,108 shares of the company’s stock valued at $368,000 after purchasing an additional 22,695 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Accel Entertainment by 10.2% in the 2nd quarter. Rhumbline Advisers now owns 81,054 shares of the company’s stock valued at $954,000 after purchasing an additional 7,501 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

About Accel Entertainment

(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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