Accel Entertainment (NYSE:ACEL) Raised to “Buy” at Wall Street Zen

Accel Entertainment (NYSE:ACEL) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other brokerages have also weighed in on ACEL. Zacks Research lowered shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Citizens Jmp upped their price objective on shares of Accel Entertainment from $14.00 to $15.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 26th. National Bank Financial set a $15.00 price target on Accel Entertainment in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company started coverage on Accel Entertainment in a report on Friday, August 21st. They set an “equal weight” rating and a $14.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Accel Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $14.80.

Accel Entertainment Stock Down 0.1%

ACEL opened at $11.26 on Friday. The firm has a market cap of $914.56 million, a price-to-earnings ratio of 16.81 and a beta of 1.01. The firm’s 50-day simple moving average is $11.99 and its 200-day simple moving average is $11.97. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.40 and a current ratio of 2.47. Accel Entertainment has a twelve month low of $9.55 and a twelve month high of $14.00.

Accel Entertainment (NYSE:ACEL) last announced its earnings results on Tuesday, August 4th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Accel Entertainment had a return on equity of 22.30% and a net margin of 4.08%.The business had revenue of $368.13 million during the quarter, compared to analyst estimates of $356.66 million. Equities research analysts anticipate that Accel Entertainment will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Derek Harmer sold 13,162 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $11.60, for a total value of $152,679.20. Following the completion of the transaction, the insider directly owned 157,767 shares of the company’s stock, valued at approximately $1,830,097.20. This represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 40,036 shares of company stock valued at $465,180. Insiders own 14.47% of the company’s stock.

Institutional Trading of Accel Entertainment

Institutional investors have recently modified their holdings of the company. 9823 Capital L.P. bought a new position in shares of Accel Entertainment during the fourth quarter worth about $180,000. FourThought Financial Partners LLC bought a new position in shares of Accel Entertainment in the 4th quarter valued at about $204,000. Caxton Associates LLP bought a new position in shares of Accel Entertainment in the 1st quarter valued at about $208,000. Sei Investments Co. increased its position in shares of Accel Entertainment by 66.3% in the first quarter. Sei Investments Co. now owns 68,586 shares of the company’s stock valued at $748,000 after acquiring an additional 27,349 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Accel Entertainment by 18.9% in the first quarter. Quantinno Capital Management LP now owns 123,906 shares of the company’s stock valued at $1,352,000 after acquiring an additional 19,734 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors.

Accel Entertainment Company Profile

Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services through a network of electronic gaming terminals placed in licensed third-party establishments. The company’s host locations include bars, restaurants, taverns, convenience stores, truck stops and other businesses that offer gaming as an additional customer amenity.

Accel typically manages the full gaming operation for its partners, including the installation, maintenance and servicing of gaming terminals, game content, regulatory compliance, cash management and player-support functions.