Key Points
- Director David Ruttenberg sold 25,000 shares of Accel Entertainment at an average price of $11.01 on Dec. 11 for $275,250, cutting his holding by 9.59% to 235,635 shares; the sale was disclosed in an SEC Form 4.
- Wall Street sentiment is broadly positive with four Buy and two Hold ratings, a consensus "Moderate Buy" and an average price target of $14.25.
- Accel opened at $11.29, has a market cap of $939 million and a P/E of 22.57, a 52‑week range of $9.02–$13.27, and about 55.4% of shares are held by institutional investors.
Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director David Ruttenberg sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $11.01, for a total value of $275,250.00. Following the completion of the transaction, the director directly owned 235,635 shares of the company's stock, valued at $2,594,341.35. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Accel Entertainment Stock Up 2.6%
ACEL opened at $11.29 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.50 and a current ratio of 2.57. The company has a market cap of $939.00 million, a price-to-earnings ratio of 22.57 and a beta of 1.07. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $13.27. The business's fifty day moving average is $10.30 and its two-hundred day moving average is $11.15.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Macquarie restated an "outperform" rating and set a $16.00 target price on shares of Accel Entertainment in a report on Wednesday, November 5th. Citigroup started coverage on shares of Accel Entertainment in a research report on Friday, December 5th. They issued an "outperform" rating on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Accel Entertainment in a research note on Monday. Zacks Research downgraded Accel Entertainment from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Finally, Citizens Jmp started coverage on Accel Entertainment in a report on Friday, December 5th. They set a "market outperform" rating and a $13.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.25.
View Our Latest Research Report on ACEL
Institutional Investors Weigh In On Accel Entertainment
A number of hedge funds and other institutional investors have recently modified their holdings of ACEL. XTX Topco Ltd purchased a new position in shares of Accel Entertainment during the first quarter valued at approximately $101,000. Vanguard Group Inc. raised its holdings in Accel Entertainment by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 3,506,347 shares of the company's stock valued at $34,783,000 after acquiring an additional 40,524 shares during the last quarter. Swiss National Bank lifted its stake in shares of Accel Entertainment by 1.7% during the 1st quarter. Swiss National Bank now owns 99,800 shares of the company's stock worth $990,000 after purchasing an additional 1,700 shares during the period. Invesco Ltd. lifted its stake in shares of Accel Entertainment by 24.7% during the 1st quarter. Invesco Ltd. now owns 912,129 shares of the company's stock worth $9,048,000 after purchasing an additional 180,868 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Accel Entertainment during the first quarter worth $1,386,000. 55.39% of the stock is currently owned by hedge funds and other institutional investors.
Accel Entertainment Company Profile
(
Get Free Report)
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.
Further Reading
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