Accel Entertainment (NYSE:ACEL) Price Target Raised to $14.00

Accel Entertainment (NYSE:ACEL) had its target price hoisted by research analysts at Truist Financial from $13.00 to $14.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 26.81% from the stock’s current price.

A number of other equities analysts have also weighed in on ACEL. Citigroup assumed coverage on Accel Entertainment in a research note on Friday, December 5th. They set an “outperform” rating for the company. Citizens Jmp set a $13.00 price objective on Accel Entertainment in a research note on Friday, December 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Accel Entertainment in a research report on Monday, December 29th. Finally, Macquarie Infrastructure restated an “outperform” rating and issued a $16.00 target price on shares of Accel Entertainment in a report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

Accel Entertainment Stock Down 0.4%

Shares of NYSE:ACEL opened at $11.04 on Wednesday. The business has a 50 day simple moving average of $11.30 and a two-hundred day simple moving average of $10.93. Accel Entertainment has a 1 year low of $9.02 and a 1 year high of $13.27. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.57 and a quick ratio of 2.50. The firm has a market capitalization of $918.64 million, a PE ratio of 22.08 and a beta of 1.05.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $341.45 million during the quarter, compared to analyst estimates of $335.66 million. Accel Entertainment had a net margin of 3.34% and a return on equity of 27.51%. On average, equities analysts predict that Accel Entertainment will post 0.8 EPS for the current year.

Insider Transactions at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $11.19, for a total value of $279,750.00. Following the completion of the transaction, the director directly 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Derek Harmer sold 10,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $11.11, for a total transaction of $111,100.00. Following the transaction, the insider owned 204,917 shares of the company’s stock, valued at $2,276,627.87. This represents a 4.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 115,000 shares of company stock valued at $1,289,100. 18.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in shares of Accel Entertainment in the third quarter worth about $49,000. Osaic Holdings Inc. grew its stake in Accel Entertainment by 456.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after acquiring an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Accel Entertainment by 195.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after purchasing an additional 4,700 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Accel Entertainment in the fourth quarter worth approximately $118,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Accel Entertainment during the first quarter worth approximately $110,000. 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.