Accel Entertainment (NYSE:ACEL) Given New $13.50 Price Target at The Goldman Sachs Group

Accel Entertainment (NYSE:ACELGet Rating) had its price objective decreased by stock analysts at The Goldman Sachs Group from $15.50 to $13.50 in a research note issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 30.31% from the company’s current price.

Several other research firms have also weighed in on ACEL. TheStreet lowered shares of Accel Entertainment from a “b-” rating to a “c” rating in a report on Monday, May 9th. Zacks Investment Research lowered shares of Accel Entertainment from a “buy” rating to a “hold” rating in a report on Monday, March 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Accel Entertainment from $17.00 to $15.00 in a report on Monday, May 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $15.90.

Shares of ACEL traded down $0.15 during mid-day trading on Thursday, reaching $10.36. 2,591 shares of the company’s stock were exchanged, compared to its average volume of 237,990. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 1.94. The company has a 50-day simple moving average of $12.18 and a two-hundred day simple moving average of $12.65. Accel Entertainment has a 52-week low of $10.01 and a 52-week high of $14.10. The company has a market cap of $953.64 million, a price-to-earnings ratio of 21.58 and a beta of 1.06.

Accel Entertainment (NYSE:ACELGet Rating) last released its earnings results on Wednesday, March 9th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $192.31 million during the quarter, compared to analysts’ expectations of $192.96 million. Accel Entertainment had a return on equity of 48.62% and a net margin of 5.84%. As a group, equities research analysts predict that Accel Entertainment will post 0.97 EPS for the current fiscal year.

In other Accel Entertainment news, CFO Brian M. Carroll sold 20,000 shares of the business’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $12.62, for a total value of $252,400.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director David W. Ruttenberg sold 11,880 shares of the business’s stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $13.00, for a total transaction of $154,440.00. The disclosure for this sale can be found here. Insiders sold a total of 158,280 shares of company stock worth $1,987,054 in the last quarter. 18.77% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crescent Park Management L.P. grew its position in shares of Accel Entertainment by 6.5% during the 3rd quarter. Crescent Park Management L.P. now owns 3,591,613 shares of the company’s stock valued at $43,602,000 after buying an additional 220,626 shares during the last quarter. American Century Companies Inc. grew its position in shares of Accel Entertainment by 2.0% during the 3rd quarter. American Century Companies Inc. now owns 4,147,847 shares of the company’s stock valued at $50,355,000 after buying an additional 79,993 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Accel Entertainment by 24.0% during the 3rd quarter. Hsbc Holdings PLC now owns 18,052 shares of the company’s stock valued at $218,000 after buying an additional 3,489 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Accel Entertainment during the 3rd quarter valued at about $251,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Accel Entertainment during the 3rd quarter valued at about $126,000. 48.32% of the stock is owned by institutional investors.

About Accel Entertainment (Get Rating)

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.

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