Accel Entertainment, Inc. (NYSE:ACEL) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.60.

A number of analysts have weighed in on ACEL shares. Wall Street Zen upgraded Accel Entertainment from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Wells Fargo & Company started coverage on shares of Accel Entertainment in a report on Friday, August 21st. They set an “equal weight” rating and a $14.00 price objective on the stock. Citigroup reissued a “market outperform” rating on shares of Accel Entertainment in a research report on Wednesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Accel Entertainment in a research note on Tuesday, September 22nd. Finally, Citizens Jmp upped their target price on shares of Accel Entertainment from $14.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 5th.

Accel Entertainment Stock Down 0.4%

Shares of NYSE ACEL opened at $11.31 on Monday. The company has a market capitalization of $918.66 million, a P/E ratio of 16.89 and a beta of 1.09. Accel Entertainment has a 52-week low of $9.55 and a 52-week high of $14.00. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.40 and a current ratio of 2.47. The company’s 50 day moving average price is $11.29 and its 200-day moving average price is $11.70.

Accel Entertainment (NYSE:ACEL) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.15 earnings per share 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 firm had revenue of $368.13 million for the quarter, compared to analyst estimates of $356.66 million. Equities analysts forecast that Accel Entertainment will post 0.69 earnings per share for the current year.

Insiders Place Their Bets

In other Accel Entertainment news, insider Derek Harmer sold 26,324 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $11.63, for a total value of $306,148.12. Following the completion of the sale, the insider directly owned 170,929 shares of the company’s stock, valued at approximately $1,987,904.27. This represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 40,036 shares of company stock worth $465,180 in the last 90 days. 14.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Accel Entertainment

Several institutional investors have recently modified their holdings of the business. USA Financial Formulas purchased a new stake in shares of Accel Entertainment during the third quarter valued at approximately $41,000. Versant Capital Management Inc boosted its position in Accel Entertainment by 61.5% in the third quarter. Versant Capital Management Inc now owns 6,676 shares of the company’s stock worth $71,000 after purchasing an additional 2,542 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Accel Entertainment in the 3rd quarter valued at $128,000. Caxton Associates LLP purchased a new stake in shares of Accel Entertainment during the 1st quarter valued at $208,000. Finally, Sei Investments Co. boosted its holdings in shares of Accel Entertainment by 66.3% in the 1st quarter. Sei Investments Co. now owns 68,586 shares of the company’s stock worth $748,000 after buying an additional 27,349 shares during the last quarter. 55.39% of the stock is owned by institutional investors.

Accel Entertainment Company Profile

Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services and equipment to non-casino businesses. The company places and operates gaming terminals in locations such as bars, restaurants, taverns, convenience stores, truck stops, and fraternal or veterans organizations, allowing these establishments to offer legal gaming without operating a traditional casino.

Accel manages the installation, maintenance, monitoring, and regulatory compliance of its gaming equipment.