Accel Entertainment, Inc. (NYSE:ACEL) Receives $14.67 Consensus Target Price from Analysts

Shares of Accel Entertainment, Inc. (NYSE:ACELGet Free Report) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $14.6667.

ACEL has been the topic of several research analyst reports. Citizens Jmp increased their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research note on Wednesday, March 4th. Truist Financial upped their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, March 4th. Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research downgraded shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report 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.

Get Our Latest Stock Report on Accel Entertainment

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, Director Gordon Rubenstein sold 46,346 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $11.34, for a total transaction of $525,563.64. Following the transaction, the director owned 4,946 shares in the company, valued at approximately $56,087.64. This represents a 90.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Derek Harmer sold 20,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $13.00, for a total transaction of $260,000.00. Following the completion of the sale, the insider owned 187,827 shares of the company’s stock, valued at approximately $2,441,751. This represents a 9.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 104,277 shares of company stock worth $1,259,917. Corporate insiders own 14.47% of the company’s stock.

Hedge Funds Weigh In On Accel Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its position in Accel Entertainment by 456.2% during the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after purchasing an additional 4,608 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Accel Entertainment by 195.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after acquiring an additional 4,700 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Accel Entertainment in the first quarter valued at approximately $110,000. EntryPoint Capital LLC bought a new position in shares of Accel Entertainment in the fourth quarter valued at approximately $118,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Accel Entertainment in the fourth quarter valued at approximately $131,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Stock Down 2.5%

Shares of NYSE ACEL opened at $12.97 on Tuesday. The firm has a market cap of $1.06 billion, a PE ratio of 21.61 and a beta of 1.01. Accel Entertainment has a 12-month low of $9.55 and a 12-month high of $14.00. The company’s fifty day simple moving average is $12.24 and its 200 day simple moving average is $11.63. The company has a quick ratio of 2.64, a current ratio of 2.71 and a debt-to-equity ratio of 2.02.

Accel Entertainment (NYSE:ACELGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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 net margin of 3.79% and a return on equity of 25.70%. As a group, sell-side analysts forecast that Accel Entertainment will post 0.7 earnings per share for the current fiscal 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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