Accel Entertainment, Inc. (NYSE:ACEL) Receives Average Rating of “Moderate Buy” from Analysts

Accel Entertainment, Inc. (NYSE:ACEL) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $14.00.

Several research analysts recently issued reports on the stock. Truist Financial started coverage on shares of Accel Entertainment in a research report on Tuesday, December 16th. They issued a “hold” rating and a $13.00 price target for the company. Citizens Jmp began coverage on Accel Entertainment in a report on Friday, December 5th. They issued a “market outperform” rating and a $13.00 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Accel Entertainment in a research report on Monday, December 29th. Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Citigroup assumed coverage on Accel Entertainment in a report on Friday, December 5th. They set an “outperform” rating for the company.

Insider Activity

In other news, insider Derek Harmer sold 10,000 shares of Accel Entertainment stock in a transaction that occurred on 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 owned 204,917 shares in the company, valued at approximately $2,276,627.87. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 223,135 shares in the company, 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. Insiders have sold a total of 90,000 shares of company stock valued at $1,013,100 over the last three months. 18.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in shares of Accel Entertainment in the third quarter valued at $49,000. CWM LLC grew its holdings in Accel Entertainment by 151.7% during the 2nd quarter. CWM LLC now owns 4,992 shares of the company’s stock worth $59,000 after acquiring an additional 3,009 shares during the last quarter. Osaic Holdings Inc. increased its position in Accel Entertainment by 456.2% in the 2nd 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 in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Accel Entertainment by 195.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock worth $84,000 after acquiring an additional 4,700 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Accel Entertainment in the first quarter worth about $110,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

Accel Entertainment Stock Down 1.3%

ACEL opened at $11.30 on Friday. The company has a market capitalization of $939.86 million, a P/E ratio of 22.59 and a beta of 1.08. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.57 and a quick ratio of 2.50. The firm’s fifty day moving average price is $10.96 and its two-hundred day moving average price is $11.12. Accel Entertainment has a fifty-two week low of $9.02 and a fifty-two week high of $13.27.

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.