Accel Entertainment, Inc. (NYSE:ACEL) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• "Moderate Buy" consensus from seven analysts (five buy, two hold) with an average 12‑month price target of $14.75.
• Significant insider selling recently — insiders sold 732,538 shares worth about $8.37 million in the past three months, and insiders own 18.33% of the stock.
• Accel topped the latest quarter's estimates with EPS of $0.19 vs. $0.15 expected and revenue of $341.45 million vs. $335.66 million, while the company has a market cap around $921 million and a P/E of 18.8.

Shares of Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.75.

ACEL has been the subject of a number of recent research reports. Truist Financial increased their price objective 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. 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. Citigroup initiated coverage on Accel Entertainment in a research report on Friday, December 5th. They issued an "outperform" rating for the company. Finally, Weiss Ratings raised Accel Entertainment from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, March 5th.

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 10,000 shares of the firm's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $11.53, for a total value of $115,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Derek Harmer sold 5,000 shares of Accel Entertainment stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.50, for a total value of $57,500.00. Following the transaction, the insider owned 199,917 shares in the company, valued at approximately $2,299,045.50. This represents a 2.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 732,538 shares of company stock worth $8,365,916 in the last three months. 18.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Accel Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of ACEL. State of Alaska Department of Revenue purchased a new position in Accel Entertainment during the third quarter worth about $49,000. Osaic Holdings Inc. grew its stake in shares of 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 buying an additional 4,608 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Accel Entertainment by 195.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company's stock valued at $84,000 after buying an additional 4,700 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Accel Entertainment during the 4th quarter worth approximately $118,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Accel Entertainment during the 1st quarter worth approximately $110,000. 55.39% of the stock is currently owned by institutional investors and hedge funds.

Accel Entertainment Price Performance

Accel Entertainment stock opened at $11.29 on Friday. The company has a fifty day simple moving average of $11.34 and a 200-day simple moving average of $10.96. The firm has a market capitalization of $920.81 million, a price-to-earnings ratio of 18.82 and a beta of 1.05. The company has a quick ratio of 2.55, a current ratio of 2.61 and a debt-to-equity ratio of 2.11. Accel Entertainment has a 52-week low of $9.02 and a 52-week high of $13.31.

Accel Entertainment (NYSE:ACEL - Get Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm had revenue of $341.45 million for the quarter, compared to the consensus estimate of $335.66 million. Accel Entertainment had a net margin of 3.87% and a return on equity of 27.49%. On average, equities analysts anticipate that Accel Entertainment will post 0.8 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.

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