Accel Entertainment, Inc. (NYSE:ACEL – Get Free Report) CEO Mark Phelan sold 25,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $12.00, for a total value of $300,000.00. Following the completion of the transaction, the chief executive officer owned 216,464 shares of the company’s stock, valued at $2,597,568. The trade was a 10.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Accel Entertainment Stock Up 2.3%
Shares of ACEL stock opened at $13.72 on Friday. The stock has a market cap of $1.11 billion, a P/E ratio of 18.06 and a beta of 1.09. Accel Entertainment, Inc. has a one year low of $9.55 and a one year high of $14.00. The stock has a fifty day moving average price of $11.35 and a 200 day moving average price of $11.72. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.27 and a quick ratio of 2.40.
Accel Entertainment (NYSE:ACEL – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. The firm had revenue of $363.56 million for the quarter, compared to the consensus estimate of $358.62 million. Accel Entertainment had a net margin of 4.49% and a return on equity of 22.62%. Analysts predict that Accel Entertainment, Inc. will post 0.69 earnings per share for the current year.
Institutional Trading of Accel Entertainment
Large investors have recently bought and sold shares of the stock. USA Financial Formulas bought a new stake in shares of Accel Entertainment in the 3rd quarter worth about $41,000. Versant Capital Management Inc increased its position in shares of Accel Entertainment by 61.5% during the 3rd quarter. Versant Capital Management Inc now owns 6,676 shares of the company’s stock worth $71,000 after purchasing an additional 2,542 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Accel Entertainment during the 3rd quarter worth about $128,000. Uhlmann Price Securities LLC bought a new position in Accel Entertainment during the 3rd quarter valued at about $203,000. Finally, Caxton Associates LLP bought a new position in Accel Entertainment during the 1st quarter valued at about $208,000. 55.39% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
ACEL has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Accel Entertainment in a research report on Tuesday, September 22nd. Wells Fargo & Company began coverage on shares of Accel Entertainment in a research note on Friday, August 21st. They issued an “equal weight” rating and a $14.00 target price on the stock. Citigroup reissued a “market outperform” rating on shares of Accel Entertainment in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Accel Entertainment from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Finally, National Bank Financial set a $15.00 price target on shares of Accel Entertainment in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.
Read Our Latest Analysis on Accel Entertainment
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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