What is Northland Capmk's Forecast for ACEL FY2025 Earnings?

Accel Entertainment, Inc. (NYSE:ACEL - Free Report) - Equities researchers at Northland Capmk increased their FY2025 EPS estimates for Accel Entertainment in a report issued on Thursday, July 17th. Northland Capmk analyst G. Gibas now forecasts that the company will earn $0.89 per share for the year, up from their prior estimate of $0.86. The consensus estimate for Accel Entertainment's current full-year earnings is $0.80 per share.

Several other equities research analysts also recently issued reports on the stock. Macquarie restated an "outperform" rating and issued a $16.00 price objective on shares of Accel Entertainment in a research note on Tuesday, May 6th. Northland Securities raised their price objective on shares of Accel Entertainment to $15.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st.

Accel Entertainment Stock Down 0.8%

Shares of ACEL traded down $0.10 during trading hours on Friday, reaching $12.17. The company's stock had a trading volume of 288,888 shares, compared to its average volume of 288,763. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 24.84 and a beta of 1.23. Accel Entertainment has a 1-year low of $9.02 and a 1-year high of $12.96. The company has a quick ratio of 2.35, a current ratio of 2.42 and a debt-to-equity ratio of 2.11. The company has a 50 day moving average of $11.64 and a two-hundred day moving average of $11.12.

Insider Buying and Selling

In other news, Director Gordon Rubenstein sold 29,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $11.24, for a total transaction of $325,960.00. Following the sale, the director owned 14,117 shares in the company, valued at $158,675.08. This represents a 67.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $12.09, for a total value of $302,250.00. Following the completion of the sale, the director owned 273,135 shares in the company, valued at approximately $3,302,202.15. This trade represents a 8.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,674 shares of company stock worth $1,649,158. 18.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC acquired a new position in Accel Entertainment in the 2nd quarter valued at $403,000. Jane Street Group LLC grew its holdings in shares of Accel Entertainment by 157.5% during the 1st quarter. Jane Street Group LLC now owns 37,108 shares of the company's stock worth $368,000 after purchasing an additional 22,695 shares in the last quarter. 1060 Capital LLC acquired a new stake in shares of Accel Entertainment during the 1st quarter worth $1,079,000. PharVision Advisers LLC grew its holdings in shares of Accel Entertainment by 109.8% during the 1st quarter. PharVision Advisers LLC now owns 37,037 shares of the company's stock worth $367,000 after purchasing an additional 19,385 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Accel Entertainment by 252.5% during the 1st quarter. Millennium Management LLC now owns 502,521 shares of the company's stock worth $4,985,000 after purchasing an additional 359,948 shares in the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.

About Accel Entertainment

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.