Accel Entertainment, Inc. (NYSE:ACEL) Stock Has Average Price Target of $14.80

Key Points

• Analyst sentiment is moderately bullish: Four of seven analysts rate Accel Entertainment a buy and three recommend holding, with an average 12-month price target of $14.80 versus the stock’s $10.68 opening price.
• Accel reported quarterly EPS of $0.15, missing the $0.19 consensus estimate, though revenue of $368.13 million exceeded expectations of $356.66 million.
• Insiders sold 40,036 shares worth approximately $465,180 during the last quarter, while institutional ownership stands at 55.39% and several investment firms increased their positions.

Shares of Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven ratings firms that are covering the stock, MarketBeat reports. Three equities 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 objective among analysts that have updated their coverage on the stock in the last year is $14.80.

Several research analysts recently issued reports on ACEL shares. Truist Financial set a $14.00 price target on shares of Accel Entertainment in a research report on Wednesday, August 19th. Citigroup reiterated a "market outperform" rating on shares of Accel Entertainment in a research report on Wednesday, August 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of Accel Entertainment in a research note on Tuesday, September 22nd. National Bank Financial set a $15.00 price objective on shares of Accel Entertainment in a research report on Wednesday, August 5th. Finally, Citizens Jmp boosted their price objective on shares of Accel Entertainment from $14.00 to $15.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 5th.

Accel Entertainment Price Performance

Shares of ACEL stock opened at $10.68 on Thursday. The stock's fifty day simple moving average is $11.79 and its 200 day simple moving average is $11.93. 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 firm has a market cap of $866.70 million, a price-to-earnings ratio of 15.93 and a beta of 1.01. Accel Entertainment has a one year low of $9.55 and a one year high of $14.00.

Accel Entertainment (NYSE:ACEL - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.15 earnings per share (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%. On average, analysts expect that Accel Entertainment will post 0.69 earnings per share for the current fiscal year.

Insider Transactions at Accel Entertainment

In related news, insider Derek Harmer sold 26,324 shares of the firm's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $11.63, for a total value of $306,148.12. Following the transaction, the insider owned 170,929 shares in the company, valued at $1,987,904.27. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 40,036 shares of company stock valued at $465,180 in the last quarter. 14.47% of the stock is owned by company insiders.

Institutional Trading of Accel Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Globeflex Capital L P bought a new position in Accel Entertainment in the 2nd quarter worth approximately $3,894,000. Bank of New York Mellon Corp bought a new stake in shares of Accel Entertainment during the second quarter valued at approximately $2,643,000. Quantinno Capital Management LP raised its position in shares of Accel Entertainment by 18.9% during the first quarter. Quantinno Capital Management LP now owns 123,906 shares of the company's stock valued at $1,352,000 after buying an additional 19,734 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Accel Entertainment by 17.1% in the first quarter. Lazard Asset Management LLC now owns 298,515 shares of the company's stock worth $3,257,000 after buying an additional 43,663 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Accel Entertainment by 63.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company's stock worth $11,814,000 after buying an additional 421,047 shares in the last quarter. 55.39% of the stock is owned by institutional investors.

About Accel Entertainment

Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services through a network of electronic gaming terminals placed in licensed third-party establishments. The company's host locations include bars, restaurants, taverns, convenience stores, truck stops and other businesses that offer gaming as an additional customer amenity.

Accel typically manages the full gaming operation for its partners, including the installation, maintenance and servicing of gaming terminals, game content, regulatory compliance, cash management and player-support functions.

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