Accel Entertainment (NYSE:ACEL - Get Free Report) had its target price increased by analysts at Deutsche Bank Aktiengesellschaft from $13.00 to $16.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 61.45% from the company's previous close.
Accel Entertainment Trading Down 14.6 %
Shares of ACEL stock traded down $1.70 on Thursday, hitting $9.91. The stock had a trading volume of 1,505,829 shares, compared to its average volume of 270,167. The firm has a market cap of $830.46 million, a P/E ratio of 18.68 and a beta of 1.42. Accel Entertainment has a twelve month low of $8.93 and a twelve month high of $12.05. The company has a fifty day moving average price of $11.45 and a two-hundred day moving average price of $10.65. The company has a current ratio of 2.85, a quick ratio of 2.78 and a debt-to-equity ratio of 2.59.
Accel Entertainment (NYSE:ACEL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The business had revenue of $297.07 million for the quarter, compared to analysts' expectations of $286.32 million. Accel Entertainment had a net margin of 3.90% and a return on equity of 39.62%. As a group, analysts forecast that Accel Entertainment will post 0.75 earnings per share for the current fiscal year.
Insider Activity at Accel Entertainment
In related news, Director Karl Mr. Peterson sold 16,707 shares of the firm's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $12.00, for a total value of $200,484.00. Following the completion of the sale, the director now directly owns 2,478,938 shares in the company, valued at approximately $29,747,256. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Karl Mr. Peterson sold 16,707 shares of the firm's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $12.00, for a total transaction of $200,484.00. Following the completion of the sale, the director now owns 2,478,938 shares in the company, valued at approximately $29,747,256. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Derek Harmer sold 10,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $11.21, for a total transaction of $112,100.00. Following the completion of the transaction, the insider now owns 187,553 shares in the company, valued at approximately $2,102,469.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,999 shares of company stock valued at $1,520,439. 17.90% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Accel Entertainment
Large investors have recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in shares of Accel Entertainment by 974.6% in the 3rd quarter. Invesco Ltd. now owns 974,356 shares of the company's stock valued at $10,669,000 after purchasing an additional 883,688 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Accel Entertainment by 7.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,101,745 shares of the company's stock worth $33,964,000 after buying an additional 210,862 shares during the period. Barclays PLC lifted its holdings in Accel Entertainment by 4.0% during the 3rd quarter. Barclays PLC now owns 68,762 shares of the company's stock worth $753,000 after buying an additional 2,642 shares during the period. Trexquant Investment LP lifted its holdings in Accel Entertainment by 125.3% during the 3rd quarter. Trexquant Investment LP now owns 56,724 shares of the company's stock worth $621,000 after buying an additional 31,546 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in Accel Entertainment by 75.8% during the 3rd quarter. Hsbc Holdings PLC now owns 30,884 shares of the company's stock worth $339,000 after buying an additional 13,316 shares during the period. Institutional investors own 55.39% of the company's stock.
About Accel Entertainment
(
Get Free Report)
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.
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