Accel Entertainment (NYSE:ACEL) Rating Increased to Hold at Truist Financial

Truist Financial upgraded shares of Accel Entertainment (NYSE:ACEL) to a hold rating in a research note released on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on ACEL. Citizens Jmp upped their target price on Accel Entertainment from $14.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, August 5th. National Bank Financial set a $15.00 target price on shares of Accel Entertainment in a report on Wednesday, August 5th. Weiss Ratings raised shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Wall Street Zen lowered shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research lowered shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.80.

Accel Entertainment Trading Up 0.8%

Shares of ACEL stock opened at $12.09 on Tuesday. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 1.91. The stock has a 50-day simple moving average of $12.47 and a 200 day simple moving average of $11.88. Accel Entertainment has a fifty-two week low of $9.55 and a fifty-two week high of $14.00. The stock has a market capitalization of $981.62 million, a P/E ratio of 18.05 and a beta of 1.02.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings data 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 return on equity of 22.30% and a net margin of 4.08%. On average, sell-side analysts expect that Accel Entertainment will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, insider Derek Harmer sold 20,000 shares of Accel Entertainment stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $13.00, for a total transaction of $260,000.00. Following the transaction, the insider owned 187,827 shares of the company’s stock, valued at $2,441,751. The trade was a 9.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mark T. Phelan sold 25,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $13.00, for a total value of $325,000.00. Following the completion of the transaction, the chief operating officer owned 241,464 shares in the company, valued at $3,139,032. This represents a 9.38% 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 currently owned by insiders.

Institutional Investors Weigh In On Accel Entertainment

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

About Accel Entertainment

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.