15,126 Shares in Churchill Downs, Incorporated $CHDN Purchased by PEAK6 LLC

Key Points

• PEAK6 LLC purchased 15,126 shares of Churchill Downs in the second quarter, valued at approximately $1.36 million. Institutional investors collectively own 82.59% of the company.
• Churchill Downs reported quarterly EPS of $3.45, in line with analyst expectations, while revenue of $980 million exceeded estimates and rose 4.9% year over year.
• Analysts maintain a generally positive outlook, with nine Buy ratings and one Sell rating; the stock has a consensus rating of “Moderate Buy” and an average price target of $136.88.

PEAK6 LLC purchased a new stake in Churchill Downs, Incorporated (NASDAQ:CHDN - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,126 shares of the company's stock, valued at approximately $1,356,000.

Several other large investors also recently made changes to their positions in CHDN. Measured Wealth Private Client Group LLC bought a new stake in shares of Churchill Downs in the 3rd quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its holdings in Churchill Downs by 1,364.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company's stock worth $28,000 after buying an additional 232 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Churchill Downs during the second quarter worth approximately $29,000. Parkside Financial Bank & Trust grew its position in Churchill Downs by 293.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 256 shares of the company's stock worth $29,000 after buying an additional 191 shares during the last quarter. Finally, Root Financial Partners LLC grew its position in Churchill Downs by 1,173.1% in the first quarter. Root Financial Partners LLC now owns 331 shares of the company's stock worth $30,000 after buying an additional 305 shares during the last quarter. Institutional investors own 82.59% of the company's stock.

Churchill Downs Stock Performance

Shares of NASDAQ CHDN opened at $93.71 on Monday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 3.06. Churchill Downs, Incorporated has a one year low of $79.40 and a one year high of $118.35. The business has a 50-day moving average price of $87.31 and a two-hundred day moving average price of $88.83. The firm has a market capitalization of $6.53 billion, a PE ratio of 16.07, a PEG ratio of 0.89 and a beta of 0.68.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $3.45 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $3.45. The business had revenue of $980.00 million during the quarter, compared to analyst estimates of $977.38 million. Churchill Downs had a net margin of 13.82% and a return on equity of 42.16%. The firm's revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.10 earnings per share. As a group, analysts predict that Churchill Downs, Incorporated will post 7.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CHDN shares. Mizuho increased their price objective on Churchill Downs from $155.00 to $157.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Truist Financial set a $145.00 target price on Churchill Downs in a research report on Friday, June 12th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Churchill Downs in a report on Friday, July 31st. Jefferies Financial Group reiterated a "buy" rating on shares of Churchill Downs in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Churchill Downs from $120.00 to $117.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, Churchill Downs currently has an average rating of "Moderate Buy" and a consensus price target of $136.88.

About Churchill Downs

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.

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