Accel Entertainment (NYSE:ACEL – Get Free Report) was upgraded by equities research analysts at Truist Financial to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.
A number of other research analysts also recently issued reports on ACEL. Zacks Research downgraded shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. National Bank Financial set a $15.00 price objective on shares of Accel Entertainment in a research report on Wednesday, August 5th. Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Citigroup restated a “market outperform” rating on shares of Accel Entertainment in a report on Wednesday, August 5th. Finally, Citizens Jmp upped their price target on shares of Accel Entertainment from $14.00 to $15.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Accel Entertainment has an average rating of “Moderate Buy” and a consensus target price of $14.80.
View Our Latest Stock Analysis on Accel Entertainment
Accel Entertainment Trading Up 0.8%
Accel Entertainment (NYSE:ACEL – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Accel Entertainment had a return on equity of 22.30% and a net margin of 4.08%.The company had revenue of $368.13 million during the quarter, compared to analyst estimates of $356.66 million. On average, analysts expect that Accel Entertainment will post 0.7 EPS for the current year.
Insider Activity at Accel Entertainment
In other Accel Entertainment news, COO Mark T. Phelan sold 25,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $13.00, for a total transaction of $325,000.00. Following the transaction, the chief operating officer directly owned 241,464 shares in the company, valued at approximately $3,139,032. This represents a 9.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Derek Harmer sold 20,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 187,827 shares of the company’s stock, valued at approximately $2,441,751. This trade represents a 9.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 14.47% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Accel Entertainment
Large investors have recently bought and sold shares of the stock. Engineers Gate Manager LP increased its holdings in shares of Accel Entertainment by 8.7% during the second quarter. Engineers Gate Manager LP now owns 11,960 shares of the company’s stock valued at $141,000 after acquiring an additional 956 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Accel Entertainment by 3.9% in the 2nd quarter. Cerity Partners LLC now owns 30,763 shares of the company’s stock worth $362,000 after purchasing an additional 1,145 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Accel Entertainment by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,083 shares of the company’s stock worth $248,000 after purchasing an additional 1,694 shares in the last quarter. Zacks Investment Management grew its position in Accel Entertainment by 9.4% in the 3rd quarter. Zacks Investment Management now owns 23,647 shares of the company’s stock valued at $262,000 after purchasing an additional 2,035 shares during the period. Finally, MetLife Investment Management LLC grew its position in Accel Entertainment by 7.8% in the 4th quarter. MetLife Investment Management LLC now owns 29,035 shares of the company’s stock valued at $331,000 after purchasing an additional 2,110 shares during the period. 55.39% of the stock is currently owned by institutional investors and hedge funds.
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.
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