Accel Entertainment (NYSE:ACEL) Director Purchases $93,400.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David Ruttenberg purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $9.34 per share, for a total transaction of $93,400.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at approximately $93,400. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Accel Entertainment Trading Down 0.4%

NYSE ACEL opened at $11.34 on Friday. The company has a fifty day simple moving average of $11.34 and a two-hundred day simple moving average of $10.96. Accel Entertainment, Inc. has a 12-month low of $9.02 and a 12-month high of $13.31. The stock has a market cap of $943.19 million, a P/E ratio of 18.89 and a beta of 1.05. The company has a current ratio of 2.61, a quick ratio of 2.55 and a debt-to-equity ratio of 2.11.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $341.45 million for the quarter, compared to analysts’ expectations of $335.66 million. Accel Entertainment had a net margin of 3.87% and a return on equity of 27.49%. On average, analysts forecast that Accel Entertainment, Inc. will post 0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Citizens Jmp increased their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 4th. Truist Financial upped their target price on Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, March 4th. Citigroup began coverage on shares of Accel Entertainment in a research report on Friday, December 5th. They set an “outperform” rating for the company. Finally, Weiss Ratings upgraded shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.75.

Hedge Funds Weigh In On Accel Entertainment

A number of institutional investors have recently modified their holdings of ACEL. AQR Capital Management LLC grew its stake in shares of Accel Entertainment by 13.1% in the first quarter. AQR Capital Management LLC now owns 160,415 shares of the company’s stock worth $1,591,000 after purchasing an additional 18,643 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Accel Entertainment in the 1st quarter valued at approximately $110,000. Millennium Management LLC increased its position in Accel Entertainment by 252.5% during the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock worth $4,985,000 after purchasing an additional 359,948 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Accel Entertainment by 157.5% during the 1st quarter. Jane Street Group LLC now owns 37,108 shares of the company’s stock valued at $368,000 after buying an additional 22,695 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of Accel Entertainment by 5.3% in the second quarter. Campbell & CO Investment Adviser LLC now owns 120,735 shares of the company’s stock valued at $1,421,000 after purchasing an additional 6,088 shares during the last quarter. Hedge funds and other institutional investors 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.