Brokerages Set Accel Entertainment, Inc. (NYSE:ACEL) PT at $14.80

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.80.

Several analysts recently weighed in on the stock. National Bank Financial set a $15.00 price objective on shares of Accel Entertainment in a research note on Wednesday, August 5th. Citigroup reaffirmed a “market outperform” rating on shares of Accel Entertainment in a research report on Wednesday, August 5th. Wall Street Zen downgraded Accel Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Wells Fargo & Company initiated coverage on Accel Entertainment in a research report on Friday, August 21st. They issued an “equal weight” rating and a $14.00 price target on the stock. Finally, Weiss Ratings raised Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th.

Accel Entertainment Stock Up 0.6%

NYSE:ACEL opened at $11.60 on Friday. Accel Entertainment has a one year low of $9.55 and a one year high of $14.00. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.47 and a quick ratio of 2.40. The company has a market cap of $941.80 million, a PE ratio of 17.31 and a beta of 1.01. The firm’s 50 day simple moving average is $12.09 and its 200 day simple moving average is $11.95.

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

Insider Buying and Selling

In other Accel Entertainment news, COO Mark T. Phelan sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $13.00, for a total transaction of $325,000.00. Following the completion of the transaction, the chief operating officer owned 241,464 shares in the company, valued at approximately $3,139,032. This trade represents a 9.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Derek Harmer sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $13.00, for a total transaction of $260,000.00. Following the completion of the transaction, the insider owned 187,827 shares in the company, valued at $2,441,751. This trade represents a 9.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 14.47% of the stock is owned by insiders.

Institutional Investors Weigh In On Accel Entertainment

Several large investors have recently modified their holdings of ACEL. Osaic Holdings Inc. lifted its holdings in Accel Entertainment by 456.2% in the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after buying an additional 4,608 shares during the period. Tower Research Capital LLC TRC grew its holdings in Accel Entertainment by 195.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock worth $84,000 after acquiring an additional 4,700 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Accel Entertainment during the 1st quarter worth about $110,000. EntryPoint Capital LLC bought a new position in shares of Accel Entertainment in the 4th quarter worth about $118,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Accel Entertainment in the 4th quarter worth about $131,000. 55.39% of the stock is currently owned by institutional investors and hedge funds.

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.