Wall Street Zen Upgrades Accel Entertainment (NYSE:ACEL) to “Strong-Buy”

Accel Entertainment (NYSE:ACEL) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

Separately, Zacks Research cut shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

Accel Entertainment Stock Performance

NYSE:ACEL opened at $11.36 on Monday. The company has a fifty day simple moving average of $11.59 and a two-hundred day simple moving average of $11.29. The company has a market cap of $957.11 million, a price-to-earnings ratio of 28.39 and a beta of 1.12. Accel Entertainment has a 52 week low of $9.02 and a 52 week high of $13.27. The company has a quick ratio of 2.56, a current ratio of 2.64 and a debt-to-equity ratio of 2.15.

Insider Activity at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $11.11, for a total transaction of $277,750.00. Following the completion of the sale, the director owned 248,135 shares of the company’s stock, valued at approximately $2,756,779.85. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 75,000 shares of company stock worth $857,500. Corporate insiders own 18.33% of the company’s stock.

Institutional Trading of Accel Entertainment

Several institutional investors have recently added to or reduced their stakes in ACEL. Vanguard Group Inc. grew its position in Accel Entertainment by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 3,506,347 shares of the company’s stock worth $34,783,000 after purchasing an additional 40,524 shares during the last quarter. Hill Path Capital LP acquired a new stake in shares of Accel Entertainment in the second quarter worth $32,828,000. Geode Capital Management LLC lifted its holdings in shares of Accel Entertainment by 2.1% during the second quarter. Geode Capital Management LLC now owns 1,266,697 shares of the company’s stock worth $14,912,000 after buying an additional 26,419 shares during the last quarter. Invesco Ltd. raised its stake in shares of Accel Entertainment by 24.7% in the 1st quarter. Invesco Ltd. now owns 912,129 shares of the company’s stock valued at $9,048,000 after buying an additional 180,868 shares in the last quarter. Finally, Millennium Management LLC boosted its position 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 during the last quarter. Institutional investors own 55.39% of the company’s stock.

Accel Entertainment Company Profile

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.