Accel Entertainment, Inc. Class A (ACEL)

Accel Entertainment's stock has been influenced by quarterly earnings reports and strategic acquisitions. In Q3 2025, revenue increased by 9.1% and net income surged by 171.8%, but the stock remained below analyst targets. Q2 2025 saw record revenue and adjusted EBITDA, but earnings per share fell short of estimates, causing a stock price decrease. Q1 2025 reported record revenues and the commencement of casino operations at Fairmount Park Casino & Racing. Q4 2024 had record revenues but a decrease in net income, along with the closing of acquisitions. Accel Entertainment repurchased shares in Q1 and Q4 2024, with the repurchase program replenished to $200 million. Over the last 12 months, the stock price has increased by 9.78%.

While specific details on demand seasonality are limited, Accel Entertainment's quarterly revenue reports indicate consistent revenue generation throughout the year. Q2 2025 reported the highest revenue, suggesting potentially stronger performance during that period. The company's growth is driven by organic expansion and strategic acquisitions, influencing quarterly revenue figures. Management has expressed confidence in continued strong consumer demand.

Accel Entertainment, Inc. operates as a distributed gaming and local entertainment provider in the United States, focusing on installing and maintaining Video Gaming Terminals (VGTs) and related equipment in non-casino locations. The company has diversified its portfolio by acquiring and operating Fairmount Park Casino & Racing. Accel Entertainment falls under the Consumer Discretionary sector and the Gaming Activities industry, utilizing a "gaming-as-a-service" model with long-term contracts.

Accel Entertainment's geographic footprint spans ten states, with core markets in Illinois and Montana, which accounted for approximately 82% of its Q3 2025 revenue. The company is expanding in developing markets like Nebraska and Georgia and has a presence in Louisiana through acquisitions. The acquisition of Fairmount Park Casino & Racing has solidified its presence in Illinois, and the company is exploring opportunities in Chicago.

Accel Entertainment maintains a positive brand reputation due to consistent growth and strategic expansion in the distributed gaming market. The company is recognized for its full-service gaming solutions, commitment to innovation, and responsible gaming. There have been no widely reported negative events impacting its brand reputation in the past year. Strategic moves, such as acquisitions and optimizing its portfolio by pruning underperforming locations, have been viewed positively.

Accel Entertainment has a hybrid ownership structure comprising institutional investors (53.30%), company insiders (40.24%), and retail investors (6.46%). Major institutional owners include Darlington Partners Capital Management, Lp, Greenvale Capital LLP, and BlackRock, Inc. Significant individual owners include Clairvest Group Inc., the largest single shareholder, and Andrew H. Rubenstein, Co-Founder and CEO. In the past three months, insiders have sold $723,600.00 worth of stock with no reported purchases.