Accel Entertainment (NYSE:ACEL) Stock Price Expected to Rise, Macquarie Analyst Says

Accel Entertainment (NYSE:ACEL) had its price target boosted by Macquarie from $15.00 to $16.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Accel Entertainment Price Performance

Accel Entertainment stock opened at $10.80 on Friday. The stock has a market cap of $888.89 million, a price-to-earnings ratio of 21.17 and a beta of 1.46. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. Accel Entertainment has a 1 year low of $9.37 and a 1 year high of $12.96. The firm has a 50-day moving average of $11.21 and a two-hundred day moving average of $11.39.

Insider Buying and Selling at Accel Entertainment

In other news, insider Mark T. Phelan sold 9,577 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.65, for a total value of $111,572.05. Following the completion of the sale, the insider now owns 189,788 shares of the company’s stock, valued at approximately $2,211,030.20. This represents a 4.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the sale, the director now directly owns 360,635 shares of the company’s stock, valued at $4,147,302.50. The trade was a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 94,577 shares of company stock valued at $1,090,072 in the last three months. Company insiders own 19.17% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Covestor Ltd increased its stake in Accel Entertainment by 32.4% during the 4th quarter. Covestor Ltd now owns 4,294 shares of the company’s stock valued at $46,000 after purchasing an additional 1,051 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Accel Entertainment in the 4th quarter valued at $51,000. Russell Investments Group Ltd. boosted its holdings in shares of Accel Entertainment by 11,304.3% in the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock valued at $56,000 after acquiring an additional 5,200 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Accel Entertainment in the 3rd quarter valued at $64,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Accel Entertainment in the 3rd quarter valued at $78,000. Institutional investors own 55.39% of the company’s stock.

Accel Entertainment Company Profile

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.