Accel Entertainment (NYSE:ACEL) demoted by TheStreet
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.
Get news and reviews for Accel Entertainment Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Accel Entertainment and related companies with MarketBeat.com’s FREE daily newsletter.