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

Key Points

• Analysts give Accel Entertainment a consensus Buy rating (six brokers: 1 hold, 4 buy, 1 strong buy) with an average 1‑year target price of $14.67.
• Accel beat the most recent quarter estimates, reporting $0.19 EPS vs. $0.15 expected and revenue of $341.45M vs. $335.66M; the company has a market cap of $1.01B and analysts forecast ~0.69 EPS for the year.
• Insiders sold a total of 864,247 shares worth about $9.87M in the last quarter (including a large sale by director Gordon Rubenstein), though insiders still own 14.47% of the company.

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) has earned a consensus recommendation of "Buy" from the six brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $14.6667.

ACEL has been the topic of several recent analyst reports. Zacks Research upgraded shares of Accel Entertainment from a "hold" rating to a "strong-buy" rating in a report on Monday, April 20th. Weiss Ratings raised shares of Accel Entertainment from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, April 9th. Wall Street Zen downgraded shares of Accel Entertainment from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Citizens Jmp upped their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a "market outperform" rating in a report on Wednesday, March 4th. Finally, Truist Financial upped their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a "hold" rating in a report on Wednesday, March 4th.

Accel Entertainment Stock Up 0.0%

ACEL opened at $12.44 on Monday. The company has a fifty day moving average of $11.48 and a two-hundred day moving average of $11.06. Accel Entertainment has a fifty-two week low of $9.55 and a fifty-two week high of $13.31. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 20.73 and a beta of 1.04. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.55 and a current ratio of 2.61.

Accel Entertainment (NYSE:ACEL - Get Free Report) last announced 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. Accel Entertainment had a net margin of 3.87% and a return on equity of 27.49%. The business had revenue of $341.45 million for the quarter, compared to analyst estimates of $335.66 million. On average, research analysts expect that Accel Entertainment will post 0.69 earnings per share for the current year.

Insider Activity at Accel Entertainment

In related news, Director Gordon Rubenstein sold 228,262 shares of the business's stock in a transaction dated 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 transaction, the director owned 313,903 shares in the company, valued at $3,569,077.11. The trade was a 42.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Derek Harmer sold 20,000 shares of the business's stock in a transaction dated Friday, March 13th. The shares were 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. This trade represents a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 864,247 shares of company stock worth $9,865,047 in the last quarter. Company insiders own 14.47% of the company's stock.

Institutional Trading of Accel Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd lifted its stake in shares of Accel Entertainment by 249.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 139,441 shares of the company's stock valued at $1,521,000 after purchasing an additional 99,521 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Accel Entertainment by 105.6% during the fourth 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 in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Accel Entertainment during the fourth quarter worth about $131,000. EP Wealth Advisors LLC purchased a new stake in Accel Entertainment in the fourth quarter valued at approximately $255,000. Finally, Empowered Funds LLC purchased a new stake in Accel Entertainment in the fourth quarter valued at approximately $1,032,000. Institutional investors and hedge funds own 55.39% of the company's stock.

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.

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