Accel Entertainment, Inc. (NYSE:ACEL) Receives $14.75 Average Price Target from Analysts

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $14.75.

Several research analysts recently commented on ACEL shares. Citigroup assumed coverage on shares of Accel Entertainment in a research note on Friday, December 5th. They set an “outperform” rating for the company. Truist Financial raised their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, March 4th. Weiss Ratings raised shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. Finally, Citizens Jmp upped their price target on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 4th.

Accel Entertainment Trading Down 1.1%

Shares of NYSE ACEL opened at $11.03 on Friday. Accel Entertainment has a 1-year low of $9.02 and a 1-year high of $13.31. The business has a fifty day moving average price of $11.32 and a 200 day moving average price of $10.94. The stock has a market capitalization of $899.31 million, a P/E ratio of 18.38 and a beta of 1.05. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.61 and a quick ratio of 2.55.

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

Insider Buying and Selling

In other news, Director Gordon Rubenstein sold 228,262 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $11.37, for a total transaction of $2,595,338.94. Following the transaction, the director owned 313,903 shares in the company, valued at $3,569,077.11. This represents a 42.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Derek Harmer sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $11.39, for a total transaction of $227,800.00. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 894,247 shares of company stock worth $10,212,047 in the last ninety days. 18.33% of the stock is owned by insiders.

Hedge Funds Weigh In On Accel Entertainment

Several institutional investors have recently made changes to their positions in ACEL. Hsbc Holdings PLC raised its stake in shares of Accel Entertainment by 105.6% during the 4th quarter. Hsbc Holdings PLC now owns 118,610 shares of the company’s stock worth $1,352,000 after buying an additional 60,917 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Accel Entertainment in the 4th quarter valued at $131,000. EP Wealth Advisors LLC acquired a new stake in Accel Entertainment in the 4th quarter valued at $255,000. Empowered Funds LLC purchased a new stake in Accel Entertainment in the 4th quarter worth $1,032,000. Finally, XTX Topco Ltd purchased a new stake in Accel Entertainment in the 4th quarter worth $410,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

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.