Brokerages Set Accel Entertainment, Inc. (NYSE:ACEL) Target Price at $15.00

Shares of Accel Entertainment, Inc. (NYSE:ACELGet Free Report) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $15.00.

Several analysts recently issued reports on ACEL shares. Zacks Research lowered shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Citizens Jmp boosted their price objective 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. Citigroup reaffirmed a “market outperform” rating on shares of Accel Entertainment in a report on Wednesday, August 5th. Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings upgraded Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th.

Read Our Latest Analysis on Accel Entertainment

Accel Entertainment Trading Down 2.0%

ACEL opened at $11.95 on Wednesday. The stock has a market capitalization of $969.81 million, a price-to-earnings ratio of 17.83 and a beta of 1.02. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 1.91. Accel Entertainment has a twelve month low of $9.55 and a twelve month high of $14.00. The company has a 50-day simple moving average of $12.52 and a 200 day simple moving average of $11.87.

Accel Entertainment (NYSE:ACELGet Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $368.13 million during the quarter, compared to the consensus estimate of $356.66 million. Accel Entertainment had a net margin of 4.08% and a return on equity of 22.30%. Analysts predict that Accel Entertainment will post 0.7 EPS for the current fiscal year.

Insider Transactions at Accel Entertainment

In other Accel Entertainment news, COO Mark T. Phelan sold 25,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $13.00, for a total transaction of $325,000.00. Following the completion of the transaction, the chief operating officer owned 241,464 shares of the company’s stock, valued at approximately $3,139,032. The trade was a 9.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Derek Harmer sold 20,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 187,827 shares of the company’s stock, valued at $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. Insiders own 14.47% of the company’s stock.

Institutional Trading of Accel Entertainment

A number of hedge funds have recently added to or reduced their stakes in ACEL. Vanguard Group Inc. increased its holdings in shares of Accel Entertainment by 2.0% during the third quarter. Vanguard Group Inc. now owns 3,896,993 shares of the company’s stock worth $43,140,000 after buying an additional 74,992 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Accel Entertainment by 63.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock valued at $11,814,000 after acquiring an additional 421,047 shares in the last quarter. Invesco Ltd. grew its position in Accel Entertainment by 5.7% during the 3rd quarter. Invesco Ltd. now owns 926,303 shares of the company’s stock worth $10,254,000 after acquiring an additional 50,305 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Accel Entertainment by 8.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 857,240 shares of the company’s stock worth $9,490,000 after acquiring an additional 65,610 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Accel Entertainment by 177.3% in the 4th 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. 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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Analyst Recommendations for Accel Entertainment (NYSE:ACEL)

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