Barlow Wealth Partners Inc. increased its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,768 shares of the company's stock after purchasing an additional 3,076 shares during the quarter. Churchill Downs accounts for approximately 2.0% of Barlow Wealth Partners Inc.'s investment portfolio, making the stock its 22nd largest holding. Barlow Wealth Partners Inc. owned 0.17% of Churchill Downs worth $15,959,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of CHDN. Wilmington Savings Fund Society FSB purchased a new stake in shares of Churchill Downs in the third quarter worth about $27,000. Fortitude Family Office LLC boosted its position in Churchill Downs by 2,733.3% in the 4th quarter. Fortitude Family Office LLC now owns 255 shares of the company's stock worth $34,000 after purchasing an additional 246 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of Churchill Downs during the 2nd quarter worth approximately $42,000. Eagle Bay Advisors LLC purchased a new position in shares of Churchill Downs during the 4th quarter valued at approximately $55,000. Finally, UMB Bank n.a. lifted its stake in shares of Churchill Downs by 82.8% in the 3rd quarter. UMB Bank n.a. now owns 563 shares of the company's stock valued at $76,000 after purchasing an additional 255 shares during the period. Hedge funds and other institutional investors own 82.59% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Truist Financial reaffirmed a "buy" rating and issued a $165.00 price objective (down previously from $166.00) on shares of Churchill Downs in a report on Friday, October 25th. Wells Fargo & Company upped their price target on Churchill Downs from $161.00 to $168.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Mizuho dropped their target price on shares of Churchill Downs from $157.00 to $151.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 22nd. JMP Securities restated a "market outperform" rating and issued a $166.00 target price on shares of Churchill Downs in a research report on Thursday, January 16th. Finally, StockNews.com upgraded Churchill Downs from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Churchill Downs presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.88.
Check Out Our Latest Report on Churchill Downs
Churchill Downs Trading Down 0.8 %
NASDAQ:CHDN traded down $1.00 on Wednesday, hitting $125.39. The stock had a trading volume of 448,680 shares, compared to its average volume of 499,231. The company has a fifty day moving average price of $134.89 and a two-hundred day moving average price of $137.35. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.95 and a beta of 0.96. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 4.35. Churchill Downs Incorporated has a 1-year low of $111.10 and a 1-year high of $150.21.
Churchill Downs (NASDAQ:CHDN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. Churchill Downs had a return on equity of 45.48% and a net margin of 15.45%. The company had revenue of $628.50 million during the quarter, compared to analyst estimates of $627.90 million. During the same period in the prior year, the business posted $0.87 earnings per share. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts expect that Churchill Downs Incorporated will post 5.84 earnings per share for the current fiscal year.
Churchill Downs Increases Dividend
The firm also recently declared an annual dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $0.409 per share. The ex-dividend date of this dividend was Friday, December 6th. This is a boost from Churchill Downs's previous annual dividend of $0.38. This represents a dividend yield of 0.29%. Churchill Downs's dividend payout ratio is currently 7.29%.
About Churchill Downs
(
Free Report)
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; casino gaming; and Terre Haute Casino Resort.
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