Key Points
- Accel Entertainment insider Derek Harmer sold 13,162 shares at an average price of $11.60, generating $152,679.20 and reducing his position by 7.7% to 157,767 shares. He also sold 26,324 shares the prior week.
- Accel reported quarterly EPS of $0.15, missing the $0.19 analyst consensus, while revenue of $368.13 million exceeded expectations of $356.66 million.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $14.80 versus the stock’s opening price of $11.54.
Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) insider Derek Harmer sold 13,162 shares of the firm's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $11.60, for a total value of $152,679.20. Following the completion of the sale, the insider directly owned 157,767 shares of the company's stock, valued at $1,830,097.20. This trade represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Derek Harmer also recently made the following trade(s):
- On Friday, September 11th, Derek Harmer sold 26,324 shares of Accel Entertainment stock. The shares were sold at an average price of $11.63, for a total value of $306,148.12.
Accel Entertainment Price Performance
Shares of NYSE:ACEL opened at $11.54 on Wednesday. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 1.91. Accel Entertainment, Inc. has a twelve month low of $9.55 and a twelve month high of $14.00. The stock's 50 day moving average is $12.06 and its 200-day moving average is $11.96. The firm has a market capitalization of $937.34 million, a price-to-earnings ratio of 17.23 and a beta of 1.01.
Accel Entertainment (NYSE:ACEL - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). Accel Entertainment had a return on equity of 22.30% and a net margin of 4.08%.The firm had revenue of $368.13 million during the quarter, compared to the consensus estimate of $356.66 million. Sell-side analysts forecast that Accel Entertainment, Inc. will post 0.69 EPS for the current fiscal year.
Institutional Investors Weigh In On Accel Entertainment
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. 9823 Capital L.P. purchased a new position in shares of Accel Entertainment in the fourth quarter worth about $180,000. FourThought Financial Partners LLC purchased a new stake in shares of Accel Entertainment during the 4th quarter valued at approximately $204,000. Caxton Associates LLP bought a new position in Accel Entertainment in the 1st quarter worth approximately $208,000. Quantinno Capital Management LP boosted its holdings in Accel Entertainment by 18.9% in the 1st quarter. Quantinno Capital Management LP now owns 123,906 shares of the company's stock worth $1,352,000 after buying an additional 19,734 shares during the period. Finally, Sei Investments Co. grew its stake in Accel Entertainment by 66.3% in the 1st quarter. Sei Investments Co. now owns 68,586 shares of the company's stock valued at $748,000 after buying an additional 27,349 shares in the last quarter. 55.39% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ACEL has been the subject of a number of analyst reports. Citizens Jmp lifted their price objective on shares of Accel Entertainment from $14.00 to $15.00 and gave the company a "market outperform" rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Accel Entertainment from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, June 26th. National Bank Financial set a $15.00 price target on shares of Accel Entertainment in a research report on Wednesday, August 5th. Zacks Research downgraded Accel Entertainment from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 22nd. Finally, Citigroup reiterated a "market outperform" rating on shares of Accel Entertainment in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $14.80.
View Our Latest Report on Accel Entertainment
About Accel Entertainment
(
Get Free Report)
Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services through a network of electronic gaming terminals placed in licensed third-party establishments. The company's host locations include bars, restaurants, taverns, convenience stores, truck stops and other businesses that offer gaming as an additional customer amenity.
Accel typically manages the full gaming operation for its partners, including the installation, maintenance and servicing of gaming terminals, game content, regulatory compliance, cash management and player-support functions.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
