Brokerages Set Accel Entertainment, Inc. (NYSE:ACEL) Price Target at $14.67

Accel Entertainment, Inc. (NYSE:ACEL) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.6667.

ACEL has been the topic of a number of analyst reports. Zacks Research downgraded shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Weiss Ratings upgraded shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Finally, Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd.

Insider Activity

In other Accel Entertainment news, insider Derek Harmer sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $13.00, for a total transaction of $260,000.00. Following the completion of the transaction, the insider directly owned 187,827 shares in the company, valued at $2,441,751. The trade was a 9.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mark T. Phelan sold 25,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $13.00, for a total value of $325,000.00. Following the sale, the chief operating officer owned 241,464 shares of the company’s stock, valued at $3,139,032. The trade was a 9.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 104,277 shares of company stock valued at $1,259,917. 14.47% of the stock is owned by insiders.

Hedge Funds Weigh In On Accel Entertainment

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC boosted its stake in Accel Entertainment by 13.1% in the first quarter. AQR Capital Management LLC now owns 160,415 shares of the company’s stock valued at $1,591,000 after buying an additional 18,643 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Accel Entertainment during the first quarter worth about $110,000. Millennium Management LLC raised its stake in Accel Entertainment by 252.5% during the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock worth $4,985,000 after acquiring an additional 359,948 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Accel Entertainment by 157.5% in the first quarter. Jane Street Group LLC now owns 37,108 shares of the company’s stock worth $368,000 after acquiring an additional 22,695 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Accel Entertainment by 10.2% in the second quarter. Rhumbline Advisers now owns 81,054 shares of the company’s stock worth $954,000 after acquiring an additional 7,501 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

Accel Entertainment Stock Performance

ACEL opened at $12.28 on Friday. The firm has a market cap of $999.06 million, a P/E ratio of 20.46 and a beta of 1.00. Accel Entertainment has a 52-week low of $9.55 and a 52-week high of $14.00. The company has a debt-to-equity ratio of 2.02, a quick ratio of 2.64 and a current ratio of 2.71. The business’s fifty day moving average is $12.39 and its 200-day moving average is $11.76.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $351.56 million for the quarter, compared to analysts’ expectations of $342.88 million. Accel Entertainment had a return on equity of 25.70% and a net margin of 3.79%. Sell-side analysts expect that Accel Entertainment will post 0.7 EPS for the current fiscal year.

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.