Key Points
- Director Gordon Rubenstein sold 180,671 shares on March 10 at an average $11.48 (~$2.07M) and, combined with earlier sales on March 6 and 9, disposed of roughly $5.39M of ACEL stock, leaving him with just 250 shares (a 99.86% reduction).
- Accel beat expectations for the quarter—$0.19 EPS vs. $0.15 expected and $341.45M revenue vs. $335.66M—and analysts retain a consensus "Moderate Buy" with an average target of $14.75 while the stock trades near $11.44 (market cap ≈ $952M, P/E ~19.1).
Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director David Ruttenberg bought 10,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of $9.34 per share, with a total value of $93,400.00. Following the completion of the acquisition, the director owned 10,000 shares of the company's stock, valued at $93,400. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Accel Entertainment Price Performance
Accel Entertainment stock opened at $11.44 on Wednesday. The stock has a market capitalization of $951.67 million, a price-to-earnings ratio of 19.06 and a beta of 1.05. Accel Entertainment, Inc. has a 52-week low of $9.02 and a 52-week high of $13.31. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.55 and a current ratio of 2.61. The stock's 50 day moving average price is $11.34 and its two-hundred day moving average price is $10.96.
Accel Entertainment (NYSE:ACEL - Get Free Report) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. The company had revenue of $341.45 million during the quarter, compared to analyst estimates of $335.66 million. Accel Entertainment had a net margin of 3.87% and a return on equity of 27.49%. On average, equities analysts predict that Accel Entertainment, Inc. will post 0.8 earnings per share for the current year.
Accel Entertainment News Summary
Here are the key news stories impacting Accel Entertainment this week:
- Positive Sentiment: Northland Securities initiated a buy on ACEL, a broker action that can attract buyers and lift sentiment. Read More.
- Positive Sentiment: Zacks named ACEL among resilient gaming stocks that could benefit from robust online betting demand and improving industry trends, providing a favorable thematic backdrop for investors. Read More.
- Positive Sentiment: Recent analyst notes and upgrades (Citizens Jmp, Weiss Ratings, Truist, Citi initiation) and a consensus “Moderate Buy” with a ~$14.75 target provide a supportive analyst backdrop. Read More.
- Neutral Sentiment: Director David W. Ruttenberg’s earlier purchase of 10,000 shares at ~$9.34 (May 20) is supportive but small and older, so unlikely to move near-term sentiment materially. Read More.
- Neutral Sentiment: Institutional ownership is sizeable (~55% held by hedge funds/institutions) with some recent inflows noted — this creates underlying demand but may also increase supply when insiders sell. Read More.
- Negative Sentiment: Clustered insider selling is the key negative. Director Gordon Rubenstein sold three blocks (60,952; 228,262; 180,671 shares) across March 6–10 (~$5.4M total), and director David Ruttenberg sold 10,000 shares on March 10 (~$115k). Large, concentrated sales by directors likely increased supply and weighed on the stock today. Read More. Read More.
Hedge Funds Weigh In On Accel Entertainment
Several institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its position in shares of Accel Entertainment by 105.6% during the 4th quarter. Hsbc Holdings PLC now owns 118,610 shares of the company's stock valued at $1,352,000 after buying an additional 60,917 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Accel Entertainment in the 4th quarter valued at about $131,000. EP Wealth Advisors LLC purchased a new stake in Accel Entertainment during the fourth quarter valued at about $255,000. Empowered Funds LLC bought a new position in Accel Entertainment in the 4th quarter worth approximately $1,032,000. Finally, XTX Topco Ltd bought a new stake in Accel Entertainment during the 4th quarter valued at $410,000. Institutional investors own 55.39% of the company's stock.
Wall Street Analysts Forecast Growth
ACEL has been the subject of several research reports. Citizens Jmp lifted their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a "market outperform" rating in a research report on Wednesday, March 4th. Weiss Ratings raised shares of Accel Entertainment from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, March 5th. Truist Financial increased their price target on Accel Entertainment from $13.00 to $14.00 and gave the company a "hold" rating in a research report on Wednesday, March 4th. Finally, Citigroup began coverage on shares of Accel Entertainment in a report on Friday, December 5th. They set an "outperform" rating on the stock. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Accel Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $14.75.
Check Out Our Latest Research Report on ACEL
About Accel Entertainment
(
Get Free Report)
Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.
Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.
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