Analysts Set Accel Entertainment, Inc. (NYSE:ACEL) PT at $14.25

Accel Entertainment, Inc. (NYSE:ACEL) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the firm, 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 12 month target price among brokerages that have updated their coverage on the stock in the last year is $14.25.

A number of equities research analysts recently issued reports on the company. Truist Financial started coverage on Accel Entertainment in a research note on Tuesday, December 16th. They set a “hold” rating and a $13.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Accel Entertainment in a research note on Monday, December 29th. Citizens Jmp set a $13.00 target price on Accel Entertainment in a research report on Friday, December 5th. Macquarie Infrastructure restated an “outperform” rating and issued a $16.00 price target on shares of Accel Entertainment in a report on Wednesday, November 5th. Finally, Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st.

Accel Entertainment Stock Performance

Shares of NYSE:ACEL opened at $11.41 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 2.50 and a debt-to-equity ratio of 2.12. Accel Entertainment has a 12 month low of $9.02 and a 12 month high of $13.27. The company has a market capitalization of $949.01 million, a price-to-earnings ratio of 22.81 and a beta of 1.07. The firm’s 50-day moving average is $11.32 and its 200 day moving average is $10.94.

Insider Buying and Selling

In other news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $11.19, for a total transaction of $279,750.00. Following the completion of the sale, the director owned 223,135 shares of the company’s stock, valued at approximately $2,496,880.65. The trade was a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Derek Harmer sold 10,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $11.11, for a total value of $111,100.00. Following the completion of the transaction, the insider directly owned 204,917 shares in the company, valued at approximately $2,276,627.87. This trade represents a 4.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 115,000 shares of company stock worth $1,289,100. Corporate insiders own 18.33% of the company’s stock.

Hedge Funds Weigh In On Accel Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in ACEL. Engineers Gate Manager LP raised its holdings in shares of Accel Entertainment by 8.7% in the second quarter. Engineers Gate Manager LP now owns 11,960 shares of the company’s stock valued at $141,000 after acquiring an additional 956 shares in the last quarter. AdvisorShares Investments LLC increased its position in Accel Entertainment by 3.3% during the 2nd quarter. AdvisorShares Investments LLC now owns 30,942 shares of the company’s stock valued at $364,000 after purchasing an additional 1,000 shares during the period. Cerity Partners LLC raised its holdings in shares of Accel Entertainment by 3.9% in the 2nd quarter. Cerity Partners LLC now owns 30,763 shares of the company’s stock valued at $362,000 after purchasing an additional 1,145 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Accel Entertainment by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,083 shares of the company’s stock valued at $248,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Zacks Investment Management lifted its position in shares of Accel Entertainment by 9.4% in the 3rd quarter. Zacks Investment Management now owns 23,647 shares of the company’s stock worth $262,000 after purchasing an additional 2,035 shares during the period. Institutional investors own 55.39% of the company’s stock.

Accel Entertainment Company Profile

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.