Accel Entertainment, Inc. Class A (ACEL)

Accel Entertainment's stock experienced several notable events over the past six months. In Q3 2025, the company reported an EPS of $0.16, missing analysts' expectations, leading to a stock drop. In Q4 2025, Accel Entertainment reported an EPS of $0.19, exceeding analyst estimates. In Q1 2026, Accel Entertainment announced record-high quarterly revenue, but the EPS missed analyst expectations, leading to a stock price drop. Accel repurchased 1.1 million shares of its Class A-1 common stock for $12 million in Q1 2026. In April 2026, Fairmount Park Casino & Racing launched table games and commenced its second racing season.

Demand for Accel Entertainment's products and services exhibits seasonality due to weather and holidays. Indoor gaming is more prevalent during colder months, and the tax refund season boosts consumer demand. The company's cost structure allows for flexibility during periods of softer consumer demand.

Accel Entertainment, Inc. is a distributed gaming operator in the United States, providing a gaming-as-a-service platform. The company installs, maintains, and operates video gaming terminals and related equipment in authorized non-casino locations. Accel Entertainment has expanded into casino operations with the launch of Fairmount Park - Casino & Racing.

Accel Entertainment primarily operates in Illinois, Montana, and Nevada, and has expanded into Nebraska, Georgia, Iowa, Pennsylvania, and Louisiana, operating in a total of ten states. Illinois is its largest market. The acquisition of Century Gaming expanded its footprint into the Western US. In November 2024, Accel acquired an 85% stake in Toucan Gaming and LSM Gaming in Louisiana.

Accel Entertainment has a strong reputation for its gaming-as-a-service platform and relationships with location partners. The company emphasizes customer support, regulatory compliance expertise, and operational guidance. No specific events have negatively impacted Accel Entertainment's brand reputation in the past year.

Accel Entertainment's ownership structure includes institutional, insider, and individual investors. Key institutional shareholders include Darlington Partners Capital Management, Lp, Greenvale Capital LLP, BlackRock, Inc., Vanguard Group Inc, Hill Path Capital LP, Geode Capital Management, Llc, State Street Corp, American Century Companies Inc, LPL Financial LLC, Hotchkis & Wiley Capital Management Llc, Invesco Ltd., Millennium Management LLC, Tudor Investment Corp ET AL, Balyasny Asset Management L.P., Hsbc Holdings PLC, Y Intercept Hong Kong Ltd, and Kornitzer Capital Management Inc. KS. Andrew H. Rubenstein, Co-Founder, President, Chief Executive Officer, and Chairman, is a significant individual owner. Clairvest Group Inc. is the largest individual Accel Entertainment shareholder.