Accel Entertainment, Inc. (ACEL) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts remain moderately bullish: Accel Entertainment has a “Moderate Buy” consensus from seven analysts, with four buys and three holds. The average 12-month price target is $14.60 versus a recent price of $10.98.
• Recent results were mixed: Quarterly revenue of $368.13 million exceeded estimates, but earnings per share of $0.15 fell short of the $0.19 consensus forecast. Analysts expect full-year EPS of approximately $0.69.
• Institutional ownership is substantial, while insiders have sold shares: Hedge funds and other institutions own 55.39% of the stock, while insiders sold roughly $465,000 worth of shares over the past 90 days.

Shares of Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.60.

Several equities research analysts have commented on ACEL shares. Truist Financial cut their price objective on Accel Entertainment from $14.00 to $13.00 and set a "hold" rating for the company in a research note on Tuesday, October 20th. Citigroup reissued a "market outperform" rating on shares of Accel Entertainment in a research report on Wednesday, August 5th. Wells Fargo & Company began coverage on Accel Entertainment in a research report on Friday, August 21st. They issued an "equal weight" rating and a $14.00 target price on the stock. Wall Street Zen raised shares of Accel Entertainment from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Citizens Jmp increased their price objective on Accel Entertainment from $14.00 to $15.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 5th.

Insiders Place Their Bets

In other Accel Entertainment news, insider Derek Harmer sold 13,162 shares of Accel Entertainment stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $11.60, for a total transaction of $152,679.20. Following the completion of the sale, the insider directly owned 157,767 shares of the company's stock, valued at $1,830,097.20. The trade was a 7.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 40,036 shares of company stock valued at $465,180 in the last 90 days. 14.47% of the stock is owned by company insiders.

Institutional Trading of Accel Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the company. USA Financial Formulas acquired a new stake in shares of Accel Entertainment during the third quarter worth about $41,000. Versant Capital Management Inc lifted its holdings in Accel Entertainment by 61.5% in the third quarter. Versant Capital Management Inc now owns 6,676 shares of the company's stock valued at $71,000 after acquiring an additional 2,542 shares during the period. Globeflex Capital L P acquired a new stake in shares of Accel Entertainment in the second quarter valued at about $3,894,000. Bank of New York Mellon Corp purchased a new position in Accel Entertainment in the 2nd quarter valued at approximately $2,643,000. Finally, Quantinno Capital Management LP raised its stake in shares of Accel Entertainment by 18.9% during the 1st quarter. Quantinno Capital Management LP now owns 123,906 shares of the company's stock worth $1,352,000 after buying an additional 19,734 shares during the last quarter. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Trading Down 0.1%

NYSE ACEL opened at $10.98 on Monday. Accel Entertainment has a 1 year low of $9.55 and a 1 year high of $14.00. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.47 and a quick ratio of 2.40. The company has a market capitalization of $891.79 million, a PE ratio of 16.39 and a beta of 1.07. The company has a fifty day moving average of $11.37 and a 200 day moving average of $11.92.

Accel Entertainment (NYSE:ACEL - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $368.13 million for the quarter, compared to analyst estimates of $356.66 million. Accel Entertainment had a return on equity of 22.30% and a net margin of 4.08%. Research analysts forecast that Accel Entertainment will post 0.69 earnings per share for the current year.

Accel Entertainment Company Profile

Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services and equipment to non-casino businesses. The company places and operates gaming terminals in locations such as bars, restaurants, taverns, convenience stores, truck stops, and fraternal or veterans organizations, allowing these establishments to offer legal gaming without operating a traditional casino.

Accel manages the installation, maintenance, monitoring, and regulatory compliance of its gaming equipment.

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