Accel Entertainment, Inc. (NYSE:ACEL) Stock Has Average Price Target of $14.80 According to Analysts

Accel Entertainment, Inc. (NYSE:ACEL) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $14.80.

ACEL has been the topic of a number of research reports. National Bank Financial set a $15.00 price objective on Accel Entertainment in a research note on Wednesday, August 5th. Citigroup reissued a “market outperform” rating on shares of Accel Entertainment in a report on Wednesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Accel Entertainment in a research report on Tuesday, September 22nd. Wall Street Zen raised shares of Accel Entertainment from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Finally, Citizens Jmp increased 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.

Accel Entertainment Trading Down 1.9%

Shares of Accel Entertainment stock opened at $10.68 on Thursday. Accel Entertainment has a twelve month low of $9.55 and a twelve month high of $14.00. 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 business has a 50-day moving average price of $11.79 and a 200-day moving average price of $11.93. The firm has a market cap of $866.70 million, a price-to-earnings ratio of 15.93 and a beta of 1.01.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Tuesday, August 4th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $356.66 million. Equities research analysts anticipate that Accel Entertainment will post 0.69 EPS for the current fiscal year.

Insider Activity

In related news, insider Derek Harmer sold 13,162 shares of the stock in a transaction dated 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 owned 157,767 shares of the company’s stock, valued at approximately $1,830,097.20. This trade represents a 7.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 40,036 shares of company stock worth $465,180. 14.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Accel Entertainment

Several institutional investors have recently modified their holdings of ACEL. Arrowstreet Capital Limited Partnership raised its stake in shares of Accel Entertainment by 63.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock valued at $11,814,000 after acquiring an additional 421,047 shares in the last quarter. Globeflex Capital L P acquired a new position in shares of Accel Entertainment during the 2nd quarter worth about $3,894,000. Bank of New York Mellon Corp acquired a new position in shares of Accel Entertainment during the 2nd quarter worth about $2,643,000. Y Intercept Hong Kong Ltd raised its position in shares of Accel Entertainment by 249.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 139,441 shares of the company’s stock worth $1,521,000 after acquiring an additional 99,521 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Accel Entertainment by 43.0% during the 1st quarter. First Trust Advisors LP now owns 203,057 shares of the company’s stock worth $2,215,000 after acquiring an additional 61,098 shares in 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 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.