Accel Entertainment, Inc. (NYSE:ACEL) Receives $14.00 Average Target Price from Analysts

Accel Entertainment, Inc. (NYSE:ACEL) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.00.

ACEL has been the subject of several research analyst reports. Macquarie reissued an “outperform” rating and issued a $16.00 target price on shares of Accel Entertainment in a research report on Wednesday, November 5th. Citizens Jmp began coverage on Accel Entertainment in a report on Friday, December 5th. They issued a “market outperform” rating and a $13.00 price objective for the company. Truist Financial started coverage on Accel Entertainment in a report on Tuesday, December 16th. They set a “hold” rating and a $13.00 target price on the stock. Wall Street Zen downgraded Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Citigroup began coverage on Accel Entertainment in a research note on Friday, December 5th. They set an “outperform” rating on the stock.

Accel Entertainment Stock Performance

Accel Entertainment stock opened at $11.40 on Tuesday. Accel Entertainment has a 52 week low of $9.02 and a 52 week high of $13.27. The company has a current ratio of 2.57, a quick ratio of 2.50 and a debt-to-equity ratio of 2.12. The stock has a market cap of $948.59 million, a P/E ratio of 22.80 and a beta of 1.08. The stock has a 50 day moving average of $10.55 and a 200-day moving average of $11.15.

Insider Transactions at Accel Entertainment

In other news, insider Derek Harmer sold 10,000 shares of Accel Entertainment stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $11.11, for a total value of $111,100.00. Following the completion of the transaction, the insider directly owned 204,917 shares of the company’s stock, valued at approximately $2,276,627.87. The trade was a 4.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $11.19, for a total transaction of $279,750.00. Following the sale, the director owned 223,135 shares in the company, valued at approximately $2,496,880.65. This trade represents a 10.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 65,000 shares of company stock worth $723,600. Insiders own 18.33% of the company’s stock.

Institutional Trading of Accel Entertainment

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Accel Entertainment by 2.0% during the third quarter. Vanguard Group Inc. now owns 3,896,993 shares of the company’s stock valued at $43,140,000 after purchasing an additional 74,992 shares during the period. Hill Path Capital LP bought a new position in Accel Entertainment in the 2nd quarter valued at about $32,828,000. Geode Capital Management LLC increased its stake in Accel Entertainment by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,266,697 shares of the company’s stock valued at $14,912,000 after buying an additional 26,419 shares during the period. Invesco Ltd. raised its position in shares of Accel Entertainment by 5.7% during the 3rd quarter. Invesco Ltd. now owns 926,303 shares of the company’s stock worth $10,254,000 after buying an additional 50,305 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Accel Entertainment by 8.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 857,240 shares of the company’s stock worth $9,490,000 after acquiring an additional 65,610 shares during the period. Institutional investors own 55.39% of the company’s stock.

About Accel Entertainment

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.