Accel Entertainment (NYSE:ACEL) Lowered to “Buy” Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of Accel Entertainment (NYSE:ACEL – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

Several other research analysts have also recently issued reports on ACEL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Accel Entertainment in a research report on Wednesday, October 8th. Zacks Research cut Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.50.

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Accel Entertainment Stock Up 2.2%

Shares of NYSE:ACEL opened at $10.19 on Friday. The stock has a market cap of $859.08 million, a price-to-earnings ratio of 25.48 and a beta of 1.09. The company has a quick ratio of 2.56, a current ratio of 2.64 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 business’s 50 day moving average is $10.90 and its 200 day moving average is $11.35.

Insider Transactions at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $11.11, for a total value of $277,750.00. Following the completion of the transaction, the director owned 248,135 shares in the company, valued at $2,756,779.85. This represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 18.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in Accel Entertainment in the 3rd quarter valued at $49,000. CWM LLC lifted its position in shares of Accel Entertainment by 151.7% during the 2nd quarter. CWM LLC now owns 4,992 shares of the company’s stock valued at $59,000 after buying an additional 3,009 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Accel Entertainment by 456.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after buying an additional 4,608 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Accel Entertainment by 195.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after buying an additional 4,700 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Accel Entertainment during the 1st quarter valued at $101,000. Institutional investors own 55.39% of the company’s stock.

Accel Entertainment Company Profile

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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.

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