Accel Entertainment, Inc. (NYSE:ACEL) Given Average Recommendation of “Buy” by Brokerages

Shares of Accel Entertainment, Inc. (NYSE:ACELGet Rating) have earned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.38.

Several research firms have issued reports on ACEL. The Goldman Sachs Group cut their target price on Accel Entertainment from $15.50 to $13.50 and set a “neutral” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on Accel Entertainment from $17.00 to $15.00 in a research note on Monday, May 9th. TheStreet lowered Accel Entertainment from a “b-” rating to a “c” rating in a research note on Monday, May 9th. Finally, Zacks Investment Research lowered Accel Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, March 14th.

In related news, Director Karl Mr. Peterson sold 35,000 shares of Accel Entertainment stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $12.51, for a total transaction of $437,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian M. Carroll sold 20,000 shares of Accel Entertainment stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $12.62, for a total value of $252,400.00. The disclosure for this sale can be found here. Insiders have sold 158,280 shares of company stock worth $1,987,054 in the last 90 days. Insiders own 18.77% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of Accel Entertainment during the first quarter worth about $113,000. Redmont Wealth Advisors LLC lifted its holdings in Accel Entertainment by 12.8% in the first quarter. Redmont Wealth Advisors LLC now owns 31,150 shares of the company’s stock valued at $379,000 after acquiring an additional 3,546 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Accel Entertainment by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 208,070 shares of the company’s stock valued at $2,534,000 after acquiring an additional 72,097 shares during the period. PDT Partners LLC lifted its holdings in Accel Entertainment by 27.6% in the first quarter. PDT Partners LLC now owns 39,938 shares of the company’s stock valued at $486,000 after acquiring an additional 8,642 shares during the period. Finally, State Street Corp lifted its holdings in Accel Entertainment by 7.1% in the first quarter. State Street Corp now owns 1,076,459 shares of the company’s stock valued at $13,111,000 after acquiring an additional 71,770 shares during the period. 48.32% of the stock is owned by hedge funds and other institutional investors.

Shares of ACEL traded down $0.02 during midday trading on Friday, reaching $10.31. 179,767 shares of the stock were exchanged, compared to its average volume of 233,170. Accel Entertainment has a 52 week low of $10.01 and a 52 week high of $14.10. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 1.94. The company’s 50 day moving average is $12.07 and its two-hundred day moving average is $12.62. The company has a market capitalization of $949.05 million, a P/E ratio of 21.50 and a beta of 1.06.

Accel Entertainment (NYSE:ACELGet Rating) last posted its quarterly earnings results on Wednesday, March 9th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Accel Entertainment had a return on equity of 48.62% and a net margin of 5.84%. The firm had revenue of $192.31 million for the quarter, compared to the consensus estimate of $192.96 million. On average, sell-side analysts expect that Accel Entertainment will post 0.97 EPS for the current year.

Accel Entertainment Company Profile (Get Rating)

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.

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