Analysts Set Accel Entertainment, Inc. (NYSE:ACEL) Target Price at $14.25

Accel Entertainment, Inc. (NYSE:ACEL) has earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $14.25.

Several brokerages have commented on ACEL. Wall Street Zen lowered Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Truist Financial initiated coverage on shares of Accel Entertainment in a research note on Tuesday, December 16th. They issued a “hold” rating and a $13.00 price target for the company. Citigroup initiated coverage on shares of Accel Entertainment in a research note on Friday, December 5th. They set an “outperform” rating on the stock. Macquarie Infrastructure restated an “outperform” rating and issued a $16.00 price objective on shares of Accel Entertainment in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Accel Entertainment in a research note on Monday, December 29th.

Insider Buying and Selling

In other news, insider Derek Harmer sold 10,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $11.11, for a total value of $111,100.00. Following the completion of the transaction, the insider owned 204,917 shares in the company, valued at $2,276,627.87. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $11.19, for a total value of $279,750.00. Following the completion of the sale, the director owned 223,135 shares of the company’s stock, valued at $2,496,880.65. The trade was a 10.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 115,000 shares of company stock valued at $1,289,100. 18.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new stake in Accel Entertainment during the third quarter valued at approximately $49,000. CWM LLC increased its stake in shares of Accel Entertainment by 151.7% in the 2nd quarter. CWM LLC now owns 4,992 shares of the company’s stock worth $59,000 after purchasing an additional 3,009 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Accel Entertainment by 456.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after purchasing an additional 4,608 shares during the period. Tower Research Capital LLC TRC lifted its position in Accel Entertainment by 195.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Accel Entertainment during the first quarter valued at $110,000. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Accel Entertainment Trading Up 0.9%

ACEL opened at $11.41 on Wednesday. The company has a quick ratio of 2.50, a current ratio of 2.57 and a debt-to-equity ratio of 2.12. Accel Entertainment has a 52 week low of $9.02 and a 52 week high of $13.27. The stock has a market cap of $949.01 million, a PE ratio of 22.81 and a beta of 1.07. The business has a 50 day moving average of $11.32 and a 200-day moving average of $10.94.

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.