Accel Entertainment, Inc. (NYSE:ACEL) Receives Consensus Rating of “Moderate Buy” from Analysts
by Amy Steele · The Cerbat GemAccel Entertainment, Inc. (NYSE:ACEL – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $14.75.
Several equities research analysts have recently issued reports on the stock. 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. Weiss Ratings lowered shares of Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. Truist Financial increased their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, March 4th. Finally, Wall Street Zen raised shares of Accel Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th.
Get Our Latest Stock Analysis on ACEL
Accel Entertainment Trading Up 3.1%
ACEL stock opened at $11.65 on Thursday. The company’s 50-day simple moving average is $11.21 and its 200-day simple moving average is $10.93. The company has a quick ratio of 2.55, a current ratio of 2.61 and a debt-to-equity ratio of 2.11. Accel Entertainment has a 52-week low of $9.55 and a 52-week high of $13.31. The firm has a market cap of $949.88 million, a P/E ratio of 19.41 and a beta of 1.05.
Accel Entertainment (NYSE:ACEL – Get Free Report) last posted its earnings results on Tuesday, March 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. Accel Entertainment had a net margin of 3.87% and a return on equity of 27.49%. The business had revenue of $341.45 million for the quarter, compared to analyst estimates of $335.66 million. As a group, equities analysts forecast that Accel Entertainment will post 0.8 EPS for the current fiscal year.
Insider Activity at Accel Entertainment
In related news, insider Derek Harmer sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $11.39, for a total value of $227,800.00. Following the transaction, the insider directly owned 179,963 shares of the company’s stock, valued at approximately $2,049,778.57. This trade represents a 10.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gordon Rubenstein sold 228,262 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $11.37, for a total transaction of $2,595,338.94. Following the completion of the transaction, the director directly owned 313,903 shares in the company, valued at $3,569,077.11. This represents a 42.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 889,247 shares of company stock valued at $10,154,547. 18.33% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of ACEL. Hill Path Capital LP purchased a new position in Accel Entertainment in the 2nd quarter valued at about $32,828,000. CIBC Bancorp USA Inc. purchased a new position in Accel Entertainment in the 3rd quarter valued at about $4,368,000. Millennium Management LLC lifted its stake in Accel Entertainment by 252.5% in the 1st quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock valued at $4,985,000 after buying an additional 359,948 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Accel Entertainment by 177.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 548,952 shares of the company’s stock valued at $6,264,000 after buying an additional 351,012 shares in the last quarter. Finally, Visualize Group LP purchased a new position in Accel Entertainment in the 3rd quarter valued at about $2,280,000. 55.39% of the stock is owned by hedge funds and other institutional investors.
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.