Northland Capmk Has Negative Outlook of ACEL FY2025 Earnings

Accel Entertainment, Inc. (NYSE:ACEL - Free Report) - Equities research analysts at Northland Capmk dropped their FY2025 earnings estimates for Accel Entertainment in a research report issued on Wednesday, April 30th. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings of $0.84 per share for the year, down from their prior estimate of $0.85. The consensus estimate for Accel Entertainment's current full-year earnings is $0.80 per share.

ACEL has been the topic of several other research reports. Northland Securities upped their price objective on Accel Entertainment to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Macquarie restated an "outperform" rating and set a $16.00 price objective on shares of Accel Entertainment in a research note on Tuesday.

Accel Entertainment Stock Up 4.7 %

ACEL stock traded up $0.51 during mid-day trading on Monday, hitting $11.26. 775,741 shares of the company were exchanged, compared to its average volume of 294,247. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. Accel Entertainment has a twelve month low of $9.02 and a twelve month high of $12.96. The firm has a fifty day simple moving average of $10.44 and a 200 day simple moving average of $11.04. The company has a market capitalization of $963.25 million, a PE ratio of 22.07 and a beta of 1.22.

Institutional Trading of Accel Entertainment

Several institutional investors have recently modified their holdings of the company. Barclays PLC grew its position in Accel Entertainment by 34.6% in the third quarter. Barclays PLC now owns 224,241 shares of the company's stock worth $2,606,000 after buying an additional 57,666 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Accel Entertainment by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company's stock worth $3,304,000 after purchasing an additional 3,355 shares during the period. Charles Schwab Investment Management Inc. grew its position in Accel Entertainment by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 448,578 shares of the company's stock worth $4,791,000 after purchasing an additional 6,641 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Accel Entertainment by 300.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company's stock valued at $2,342,000 after purchasing an additional 164,560 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Accel Entertainment by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company's stock valued at $37,015,000 after purchasing an additional 53,379 shares in the last quarter. Institutional investors and hedge funds own 55.39% of the company's stock.

Insider Buying and Selling

In other news, insider Derek Harmer sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the sale, the insider now directly owns 216,575 shares of the company's stock, valued at approximately $2,165,750. This represents a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David W. Ruttenberg sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total transaction of $308,750.00. Following the transaction, the director now owns 335,635 shares in the company, valued at $4,145,092.25. This represents a 6.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,000 shares of company stock valued at $686,500. Insiders own 19.17% of the company's stock.

Accel Entertainment Company Profile

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.