Northland Capmk Analysts Cut Earnings Estimates for ACEL

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

A number of other equities analysts have also recently issued reports on the stock. Macquarie increased their price objective on shares of Accel Entertainment from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. Northland Securities upped their target price 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 Trading Up 4.7 %

ACEL stock traded up $0.51 during mid-day trading on Friday, reaching $11.26. The company's stock had a trading volume of 774,919 shares, compared to its average volume of 294,011. The company has a market cap of $963.25 million, a price-to-earnings ratio of 22.07 and a beta of 1.22. Accel Entertainment has a 12 month low of $9.02 and a 12 month high of $12.96. The business's 50 day moving average price is $10.44 and its 200 day moving average price is $11.04. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54.

Insider Buying and Selling

In related news, Director David W. Ruttenberg sold 25,000 shares of the company'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 sale, the director now directly owns 335,635 shares in the company, valued at approximately $4,145,092.25. This represents a 6.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Derek Harmer sold 5,000 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $10.50, for a total value of $52,500.00. Following the sale, the insider now owns 211,575 shares in the company, valued at approximately $2,221,537.50. This represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,000 shares of company stock worth $686,500. Insiders own 19.17% of the company's stock.

Institutional Investors Weigh In On Accel Entertainment

Several large investors have recently added to or reduced their stakes in ACEL. Barclays PLC raised its stake in Accel Entertainment by 34.6% in the third quarter. Barclays PLC now owns 224,241 shares of the company's stock valued at $2,606,000 after purchasing an additional 57,666 shares in the last quarter. JPMorgan Chase & Co. grew its position in Accel Entertainment by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company's stock worth $3,304,000 after acquiring an additional 3,355 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Accel Entertainment by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,578 shares of the company's stock valued at $4,791,000 after purchasing an additional 6,641 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Accel Entertainment by 300.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company's stock worth $2,342,000 after purchasing an additional 164,560 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Accel Entertainment by 1.6% during the 4th 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 during the last quarter. Institutional investors 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.