Analysts Set Accel Entertainment, Inc. (NYSE:ACEL) Target Price at $14.75

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $14.75.

Several equities research analysts have commented on ACEL shares. Weiss Ratings raised Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Wall Street Zen raised Accel Entertainment from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Truist Financial boosted their target price on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, March 4th. Finally, Citizens Jmp boosted their target price on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 4th.

Accel Entertainment Trading Down 1.0%

Accel Entertainment stock opened at $11.61 on Thursday. The company has a current ratio of 2.61, a quick ratio of 2.55 and a debt-to-equity ratio of 2.11. The business’s fifty day simple moving average is $11.23 and its two-hundred day simple moving average is $10.94. Accel Entertainment has a 12 month low of $9.55 and a 12 month high of $13.31. The company has a market capitalization of $946.62 million, a price-to-earnings ratio of 19.34 and a beta of 1.05.

Accel Entertainment (NYSE:ACEL) last released its earnings results on Tuesday, March 3rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. Accel Entertainment had a return on equity of 27.49% and a net margin of 3.87%.The business had revenue of $341.45 million for the quarter, compared to the consensus estimate of $335.66 million. As a group, equities analysts predict that Accel Entertainment will post 0.8 earnings per share for the current fiscal year.

Insider Transactions at Accel Entertainment

In other news, insider Derek Harmer sold 20,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $11.39, for a total value of $227,800.00. Following the completion of the transaction, the insider owned 179,963 shares in the company, valued at $2,049,778.57. The trade was a 10.00% 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 Gordon Rubenstein sold 228,262 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $11.37, for a total value of $2,595,338.94. Following the completion of the transaction, the director owned 313,903 shares of the company’s stock, valued at $3,569,077.11. This represents a 42.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 889,247 shares of company stock worth $10,154,547 over the last quarter. 14.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new position in shares of Accel Entertainment in the third quarter worth $49,000. Osaic Holdings Inc. increased its position in Accel Entertainment by 456.2% during the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after acquiring an additional 4,608 shares during the last quarter. Tower Research Capital LLC TRC increased 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 acquiring an additional 4,700 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Accel Entertainment during the fourth quarter valued at $118,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake 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.

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.