Macquarie Issues Positive Forecast for Accel Entertainment (NYSE:ACEL) Stock Price

Accel Entertainment (NYSE:ACEL) had its target price boosted by investment analysts at Macquarie from $15.00 to $16.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Macquarie’s target price points to a potential upside of 55.95% from the company’s current price.

Accel Entertainment Stock Performance

Shares of ACEL traded down $1.45 during trading hours on Friday, hitting $10.26. The company’s stock had a trading volume of 133,029 shares, compared to its average volume of 281,279. Accel Entertainment has a 52-week low of $9.37 and a 52-week high of $12.96. The company has a market cap of $844.81 million, a price-to-earnings ratio of 20.23 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. The business has a 50 day simple moving average of $11.20 and a two-hundred day simple moving average of $11.39.

Insider Buying and Selling

In other Accel Entertainment news, insider Mark T. Phelan sold 9,577 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.65, for a total value of $111,572.05. Following the transaction, the insider now directly owns 189,788 shares in the company, valued at $2,211,030.20. This represents a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total transaction of $308,750.00. Following the sale, the director now owns 335,635 shares in the company, valued at approximately $4,145,092.25. This trade represents a 6.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,577 shares of company stock valued at $1,090,072. Corporate insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On Accel Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd boosted its holdings in Accel Entertainment by 32.4% in the fourth quarter. Covestor Ltd now owns 4,294 shares of the company’s stock valued at $46,000 after acquiring an additional 1,051 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of Accel Entertainment by 21.0% during the fourth quarter. EP Wealth Advisors LLC now owns 15,186 shares of the company’s stock valued at $162,000 after acquiring an additional 2,640 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Accel Entertainment by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company’s stock worth $5,135,000 after purchasing an additional 3,151 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Accel Entertainment by 18.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,634 shares of the company’s stock valued at $221,000 after acquiring an additional 3,237 shares during the period. Finally, AdvisorShares Investments LLC lifted its position in Accel Entertainment by 11.5% during the fourth quarter. AdvisorShares Investments LLC now owns 32,070 shares of the company’s stock valued at $343,000 after purchasing an additional 3,300 shares during the period. 55.39% of the stock is owned by institutional investors.

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.