Accel Entertainment (NYSE:ACEL) Given New $16.00 Price Target at Macquarie

Accel Entertainment (NYSE:ACEL - Free Report) had its price target boosted by Macquarie from $15.00 to $16.00 in a report published on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Accel Entertainment Stock Performance

ACEL stock traded down $0.33 during mid-day trading on Friday, hitting $10.34. The company had a trading volume of 407,282 shares, compared to its average volume of 247,529. Accel Entertainment has a 12 month low of $9.37 and a 12 month high of $12.96. The stock's fifty day moving average price is $11.21 and its two-hundred day moving average price is $11.40. The firm has a market cap of $851.01 million, a PE ratio of 20.27 and a beta of 1.46. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71.

Insider Buying and Selling at Accel Entertainment

In related news, insider Derek Harmer sold 10,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.70, for a total transaction of $117,000.00. Following the sale, the insider now directly owns 199,413 shares in the company, valued at approximately $2,333,132.10. This represents a 4.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction that occurred 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 transaction, the director now owns 360,635 shares of the company's stock, valued at $4,147,302.50. This represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,000 shares of company stock valued at $978,500. Company insiders own 19.17% of the company's stock.

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Institutional Trading of Accel Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in ACEL. Covestor Ltd grew its holdings in Accel Entertainment by 32.4% during the 4th quarter. Covestor Ltd now owns 4,294 shares of the company's stock valued at $46,000 after buying an additional 1,051 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of Accel Entertainment by 21.0% in 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 during the period. Charles Schwab Investment Management Inc. grew its stake in Accel Entertainment by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company's stock valued at $5,135,000 after acquiring an additional 3,151 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 worth $221,000 after acquiring an additional 3,237 shares during the period. Finally, AdvisorShares Investments LLC lifted its stake in Accel Entertainment by 11.5% in the 4th quarter. AdvisorShares Investments LLC now owns 32,070 shares of the company's stock worth $343,000 after purchasing an additional 3,300 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors.

About Accel Entertainment

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.