Q1 EPS Forecast for Accel Entertainment Reduced by Analyst

Accel Entertainment, Inc. (NYSE:ACEL - Free Report) - Equities research analysts at Northland Capmk lowered their Q1 2025 earnings per share (EPS) estimates for shares of Accel Entertainment in a research note issued to investors on Wednesday, April 30th. Northland Capmk analyst G. Gibas now expects that the company will earn $0.19 per share for the quarter, down from their previous forecast of $0.20. The consensus estimate for Accel Entertainment's current full-year earnings is $0.80 per share.

A number of other research analysts have also recently weighed in on the stock. Northland Securities lifted their price objective on shares of Accel Entertainment to $15.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Macquarie reiterated an "outperform" rating and issued a $16.00 target price on shares of Accel Entertainment in a report on Tuesday.

Accel Entertainment Stock Up 1.1 %

Shares of Accel Entertainment stock traded up $0.12 during trading on Friday, reaching $11.38. The company's stock had a trading volume of 273,604 shares, compared to its average volume of 294,208. Accel Entertainment has a 1-year low of $9.02 and a 1-year high of $12.96. The company has a 50-day simple moving average of $10.44 and a two-hundred day simple moving average of $11.04. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The company has a market cap of $973.68 million, a price-to-earnings ratio of 22.31 and a beta of 1.22.

Insider Buying and Selling

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

Hedge Funds Weigh In On Accel Entertainment

Large investors have recently made changes to their positions in the business. Orvieto Partners L.P. bought a new position in Accel Entertainment in the 4th quarter valued at $3,951,000. JPMorgan Chase & Co. lifted its position in Accel Entertainment by 70.0% during the 4th quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company's stock worth $5,163,000 after buying an additional 199,092 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Accel Entertainment by 27.0% in the 4th quarter. Renaissance Technologies LLC now owns 823,917 shares of the company's stock valued at $8,799,000 after acquiring an additional 175,112 shares during the period. Financial Counselors Inc. acquired a new position in shares of Accel Entertainment in the fourth quarter valued at $1,866,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Accel Entertainment by 300.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company's stock worth $2,342,000 after buying an additional 164,560 shares during the period. Institutional investors and hedge funds own 55.39% 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.