Accel Entertainment (NYSE:ACEL – Get a rating) was downgraded by equity researchers at TheStreet from a “b-” rating to a “c” rating in a report released on Monday, TheStreetRatingsTable reports.

A number of other analysts have also recently released reports on the stock. Zacks Investment Research reduced Accel Entertainment shares from a “buy” to a “hold” rating in a Monday, March 14, research memo. Deutsche Bank Aktiengesellschaft cut its price target on Accel Entertainment shares from $17.00 to $15.00 in a research note on Monday. Two investment analysts gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $16.10.

Shares of ACEL Stock opened at $10.38 on Monday. The company has a market capitalization of $962.98 million, a PE ratio of 21.63 and a beta of 1.06. The company has a current ratio of 3.52, a quick ratio of 3.45 and a debt ratio of 1.94. The company has a fifty-day moving average price of $12.44. Accel Entertainment has a one-year low of $10.01 and a one-year high of $14.10.

Accel Entertainment (NYSE:ACEL – Get a rating) last announced its quarterly results on Wednesday, March 9. The company reported EPS of $0.18 for the quarter, missing analyst consensus estimates of $0.19 per ($0.01). The company posted revenue of $192.31 million in the quarter, compared to analyst estimates of $192.96 million. Accel Entertainment had a net margin of 5.84% and a return on equity of 48.62%. On average, research analysts expect Accel Entertainment to post EPS of 0.94 for the current fiscal year.

Separately, Chief Financial Officer Brian M. Carroll sold 20,000 shares of the company in a transaction that took place on Friday, April 1. The shares were sold at an average price of $12.06, for a total value of $241,200.00. Following the transaction, the CFO now owns 292,563 shares of the company, valued at approximately $3,528,309.78. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Also, director Karl M. Peterson sold 30,000 shares of the company in a transaction that took place on Tuesday, February 15. The stock was sold at an average price of $13.07, for a total transaction of $392,100.00. Disclosure of this sale can be found here. In the past three months, insiders have sold 188,280 shares of the company worth $2,379,154. Insiders hold 18.77% of the company’s shares.

Hedge funds have recently changed their positions in the business. Royal Bank of Canada increased its stake in Accel Entertainment shares by 15.0% in the third quarter. Royal Bank of Canada now owns 7,542 shares of the company worth $92,000 after acquiring 986 more shares last quarter. Metropolitan Life Insurance Co NY increased its stake in Accel Entertainment shares by 8.3% in Q4. Metropolitan Life Insurance Co NY now owns 14,242 shares of the company worth $185,000 after acquiring 1,093 additional shares in the last quarter. Alliancebernstein LP increased its stake in Accel Entertainment shares by 8.0% in the 4th quarter. Alliancebernstein LP now owns 18,800 shares of the company worth $245,000 after acquiring an additional 1,400 shares last quarter. Voya Investment Management LLC increased its stake in Accel Entertainment shares by 6.6% in Q3. Voya Investment Management LLC now owns 23,422 shares of the company worth $284,000 after acquiring 1,457 additional shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in Accel Entertainment shares by 44.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 4,886 shares of the company worth $63,000 after acquiring 1,514 additional shares in the last quarter. Institutional investors and hedge funds hold 48.32% of the company’s shares.

About Accel Entertainment (Get a rating)

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

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