Key Points
- Accel Entertainment CAO Christen Kozlik sold 3,600 shares at an average price of $13.80, totaling $49,680. The sale reduced Kozlik’s holdings by 18.61%, to 15,746 shares.
- The company beat quarterly expectations, reporting EPS of $0.25 versus $0.18 expected and revenue of $363.56 million versus analysts’ $358.62 million estimate.
- Accel shares fell 2.1% to $13.54 in Friday trading. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $14.25.
Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) CAO Christen Kozlik sold 3,600 shares of Accel Entertainment stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $13.80, for a total transaction of $49,680.00. Following the transaction, the chief accounting officer owned 15,746 shares of the company's stock, valued at $217,294.80. This represents a 18.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Christen Kozlik also recently made the following trade(s):
- On Tuesday, September 15th, Christen Kozlik sold 550 shares of Accel Entertainment stock. The stock was sold at an average price of $11.55, for a total transaction of $6,352.50.
Accel Entertainment Stock Down 2.1%
Shares of NYSE:ACEL traded down $0.29 during midday trading on Friday, hitting $13.54. 461,560 shares of the company's stock were exchanged, compared to its average volume of 623,735. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.27 and a quick ratio of 2.20. Accel Entertainment, Inc. has a 12 month low of $9.55 and a 12 month high of $14.08. The company has a market cap of $1.09 billion, a PE ratio of 17.81 and a beta of 1.09. The stock has a 50 day moving average price of $11.60 and a 200-day moving average price of $11.80.
Accel Entertainment (NYSE:ACEL - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. The business had revenue of $363.56 million for the quarter, compared to analysts' expectations of $358.62 million. Accel Entertainment had a net margin of 4.49% and a return on equity of 22.62%. On average, sell-side analysts anticipate that Accel Entertainment, Inc. will post 0.76 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. National Bank Financial set a $15.00 price objective on Accel Entertainment in a research note on Wednesday, August 5th. Truist Financial cut their target price on Accel Entertainment from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Tuesday, October 20th. Wells Fargo & Company assumed coverage on Accel Entertainment in a report on Friday, August 21st. They set an "equal weight" rating and a $14.00 price target for the company. Wall Street Zen raised Accel Entertainment from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 7th. Finally, Weiss Ratings raised Accel Entertainment from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, November 9th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Accel Entertainment presently has a consensus rating of "Moderate Buy" and an average price target of $14.25.
Check Out Our Latest Stock Report on ACEL
Hedge Funds Weigh In On Accel Entertainment
Several institutional investors have recently modified their holdings of the business. USA Financial Formulas bought a new stake in Accel Entertainment during the third quarter worth $41,000. Versant Capital Management Inc boosted its position in Accel Entertainment by 61.5% in the third quarter. Versant Capital Management Inc now owns 6,676 shares of the company's stock worth $71,000 after purchasing an additional 2,542 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Accel Entertainment in the third quarter worth $128,000. Uhlmann Price Securities LLC purchased a new position in Accel Entertainment in the third quarter worth $203,000. Finally, Caxton Associates LLP bought a new position in Accel Entertainment in the 1st quarter valued at $208,000. 55.39% of the stock is owned by institutional investors.
About Accel Entertainment
(
Get Free Report)
Accel Entertainment, Inc. is a distributed gaming operator that supplies and manages video gaming terminals and related equipment at licensed locations. Its gaming machines are typically placed in bars, restaurants and other local businesses that share in the revenue generated by play. The company provides services such as installing, maintaining and monitoring its equipment, along with support for the regulatory requirements involved in operating gaming terminals. Accel's business model gives local venues access to gaming without requiring them to manage the machines themselves.
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