Accel Entertainment (NYSE:ACEL) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Accel Entertainment (NYSE:ACEL) from a buy rating to a strong-buy rating in a research note published on Monday morning.

Separately, Zacks Research lowered Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

Accel Entertainment Price Performance

Accel Entertainment stock opened at $11.31 on Monday. The company has a market capitalization of $952.90 million, a price-to-earnings ratio of 28.26 and a beta of 1.12. The company has a current ratio of 2.64, a quick ratio of 2.56 and a debt-to-equity ratio of 2.15. Accel Entertainment has a 12 month low of $9.02 and a 12 month high of $13.27. The stock’s 50 day moving average is $11.56 and its 200-day moving average is $11.31.

Insider Activity

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $11.11, for a total value of $277,750.00. Following the transaction, the director directly owned 248,135 shares of the company’s stock, valued at $2,756,779.85. This trade represents a 9.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 75,000 shares of company stock worth $857,500. Corporate insiders own 18.33% of the company’s stock.

Institutional Trading of Accel Entertainment

Several large investors have recently made changes to their positions in ACEL. Vanguard Group Inc. grew its position in Accel Entertainment by 1.2% in the first 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. Hill Path Capital LP acquired a new stake in shares of Accel Entertainment in the 2nd quarter valued at approximately $32,828,000. Geode Capital Management LLC grew its holdings in shares of Accel Entertainment by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,266,697 shares of the company’s stock valued at $14,912,000 after purchasing an additional 26,419 shares during the last quarter. Invesco Ltd. increased its position in 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 in the last quarter. Finally, Millennium Management LLC increased its position in Accel Entertainment by 252.5% during the 1st quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock worth $4,985,000 after purchasing an additional 359,948 shares in the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

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.