Accel Entertainment (NYSE:ACEL) Stock Price Expected to Rise, Macquarie Analyst Says

Accel Entertainment (NYSE:ACEL) had its price objective hoisted by investment analysts at Macquarie from $15.00 to $16.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Macquarie’s price objective points to a potential upside of 48.22% from the stock’s current price.

Accel Entertainment Stock Performance

NYSE:ACEL opened at $10.80 on Friday. The company has a fifty day moving average of $11.21 and a 200-day moving average of $11.40. The firm has a market capitalization of $888.89 million, a P/E ratio of 21.17 and a beta of 1.46. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. Accel Entertainment has a twelve month low of $9.37 and a twelve month high of $12.96.

Insider Activity

In related news, insider Mark T. Phelan sold 9,577 shares of Accel Entertainment stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.65, for a total value of $111,572.05. Following the completion of the sale, the insider now owns 189,788 shares of the company’s stock, valued at approximately $2,211,030.20. This trade represents a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the sale, the director now directly owns 360,635 shares of the company’s stock, valued at approximately $4,147,302.50. The trade was a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 94,577 shares of company stock worth $1,090,072 in the last quarter. 19.17% of the stock is owned by corporate insiders.

Institutional Trading of Accel Entertainment

Several hedge funds have recently bought and sold shares of the business. PharVision Advisers LLC acquired a new stake in Accel Entertainment in the 4th quarter valued at $189,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Accel Entertainment by 15.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,064 shares of the company’s stock worth $706,000 after acquiring an additional 9,039 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Accel Entertainment by 111.5% during the 4th quarter. Two Sigma Advisers LP now owns 149,500 shares of the company’s stock worth $1,597,000 after acquiring an additional 78,800 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Accel Entertainment by 164.3% during the 4th quarter. Two Sigma Investments LP now owns 160,094 shares of the company’s stock worth $1,710,000 after acquiring an additional 99,532 shares during the last quarter. Finally, State of Wyoming purchased a new position in Accel Entertainment during the 4th quarter worth $255,000. 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.