Accel Entertainment (NYSE:ACEL – Free Report) had its target price trimmed by Truist Financial from $14.00 to $13.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.
Several other analysts have also recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Accel Entertainment in a report on Tuesday, September 22nd. National Bank Financial set a $15.00 target price on shares of Accel Entertainment in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of Accel Entertainment from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Citigroup reiterated a “market outperform” rating on shares of Accel Entertainment in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company started coverage on shares of Accel Entertainment in a research note on Friday, August 21st. They set an “equal weight” rating and a $14.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Accel Entertainment has an average rating of “Moderate Buy” and a consensus target price of $14.60.
Read Our Latest Report on ACEL
Accel Entertainment Stock Up 1.7%
NYSE ACEL opened at $10.96 on Tuesday. The stock has a fifty day moving average of $11.40 and a 200-day moving average of $11.92. The stock has a market capitalization of $890.25 million, a P/E ratio of 16.37 and a beta of 1.07. Accel Entertainment has a 52 week low of $9.55 and a 52 week high of $14.00. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.40 and a current ratio of 2.47.
Accel Entertainment (NYSE:ACEL – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). Accel Entertainment had a net margin of 4.08% and a return on equity of 22.30%. The firm had revenue of $368.13 million for the quarter, compared to analyst estimates of $356.66 million. On average, equities research analysts forecast that Accel Entertainment will post 0.69 EPS for the current year.
Insider Buying and Selling at Accel Entertainment
In related news, insider Derek Harmer sold 13,162 shares of Accel Entertainment stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $11.60, for a total transaction of $152,679.20. Following the transaction, the insider owned 157,767 shares of the company’s stock, valued at $1,830,097.20. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 40,036 shares of company stock valued at $465,180. Company insiders own 14.47% of the company’s stock.
Institutional Investors Weigh In On Accel Entertainment
Several large investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in Accel Entertainment by 63.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock worth $11,814,000 after purchasing an additional 421,047 shares during the period. Globeflex Capital L P acquired a new position in shares of Accel Entertainment in the 2nd quarter valued at $3,894,000. Bank of New York Mellon Corp acquired a new position in shares of Accel Entertainment in the 2nd quarter valued at $2,643,000. Y Intercept Hong Kong Ltd increased its position in shares of Accel Entertainment by 249.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 139,441 shares of the company’s stock valued at $1,521,000 after buying an additional 99,521 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Accel Entertainment by 43.0% in the 1st quarter. First Trust Advisors LP now owns 203,057 shares of the company’s stock valued at $2,215,000 after buying an additional 61,098 shares in the last quarter. Institutional investors own 55.39% of the company’s stock.
About Accel Entertainment
Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services and equipment to non-casino businesses. The company places and operates gaming terminals in locations such as bars, restaurants, taverns, convenience stores, truck stops, and fraternal or veterans organizations, allowing these establishments to offer legal gaming without operating a traditional casino.
Accel manages the installation, maintenance, monitoring, and regulatory compliance of its gaming equipment.
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