Rep. James Comer Sells Off Shares of Churchill Downs, Incorporated (NASDAQ:CHDN)

Key Points

• Representative James Comer sold between $1,001 and $15,000 in shares of Churchill Downs (NASDAQ:CHDN) on July 3rd, as disclosed in a filing on August 11th.
• Churchill Downs reported a quarterly earnings per share (EPS) of $3.10, exceeding analyst expectations and reflecting a 4.9% increase in revenue compared to the previous year.
• Several institutional investors significantly increased their holdings in Churchill Downs, with SG Americas Securities lifting its holdings by an astonishing 28,864.9%.

Representative James Comer (R-Kentucky) recently sold shares of Churchill Downs, Incorporated NASDAQ: CHDN. In a filing disclosed on August 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Churchill Downs stock on July 3rd.

Representative James Comer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 7/3/2025.
• Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 7/3/2025.
• Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Marvell Technology NASDAQ: MRVL on 7/3/2025.
• Sold $1,001 - $15,000 in shares of VeriSign NASDAQ: VRSN on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Dover NYSE: DOV on 7/3/2025.

Churchill Downs Trading Down 1.0%

CHDN stock traded down $1.00 during mid-day trading on Friday, reaching $102.58. The company's stock had a trading volume of 627,722 shares, compared to its average volume of 653,546. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95. The business's 50 day moving average price is $103.74 and its 200 day moving average price is $105.26. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 4.74. Churchill Downs, Incorporated has a 12 month low of $85.58 and a 12 month high of $150.21.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $3.10 earnings per share for the quarter, topping analysts' consensus estimates of $3.03 by $0.07. The business had revenue of $934.40 million during the quarter, compared to the consensus estimate of $924.36 million. Churchill Downs had a return on equity of 41.46% and a net margin of 15.22%. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.89 earnings per share. On average, equities research analysts predict that Churchill Downs, Incorporated will post 6.92 EPS for the current year.

Wall Street Analyst Weigh In

CHDN has been the subject of a number of research analyst reports. Macquarie lifted their target price on Churchill Downs from $150.00 to $155.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Wall Street Zen upgraded Churchill Downs from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. JMP Securities decreased their price objective on Churchill Downs from $144.00 to $138.00 and set a "market outperform" rating for the company in a report on Tuesday, May 27th. Susquehanna boosted their price objective on Churchill Downs from $121.00 to $126.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. assumed coverage on Churchill Downs in a report on Monday, June 23rd. They set an "overweight" rating and a $116.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $136.50.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. London Co. of Virginia boosted its position in shares of Churchill Downs by 38.7% during the second quarter. London Co. of Virginia now owns 2,994,070 shares of the company's stock valued at $302,402,000 after buying an additional 835,294 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its position in shares of Churchill Downs by 4.6% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,344,595 shares of the company's stock valued at $179,557,000 after buying an additional 59,657 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Churchill Downs by 5.8% during the fourth quarter. Ameriprise Financial Inc. now owns 1,060,846 shares of the company's stock valued at $141,669,000 after buying an additional 58,507 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Churchill Downs by 3.0% during the first quarter. Jennison Associates LLC now owns 1,030,846 shares of the company's stock valued at $114,496,000 after buying an additional 30,444 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Churchill Downs by 38.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 923,686 shares of the company's stock valued at $93,292,000 after buying an additional 256,022 shares during the last quarter. Hedge funds and other institutional investors own 82.59% of the company's stock.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2027. Comer (Republican Party) is running for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He declared candidacy for the 2026 election. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

About Churchill Downs

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.