Canada Pension Plan Investment Board bought a new stake in Churchill Downs, Incorporated (NASDAQ:CHDN - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 83,100 shares of the company's stock, valued at approximately $7,449,000. Canada Pension Plan Investment Board owned approximately 0.12% of Churchill Downs at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in shares of Churchill Downs by 1,364.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company's stock worth $28,000 after purchasing an additional 232 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Churchill Downs during the third quarter worth about $25,000. Parkside Financial Bank & Trust boosted its position in shares of Churchill Downs by 293.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 256 shares of the company's stock worth $29,000 after purchasing an additional 191 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Churchill Downs during the second quarter worth $29,000. Finally, Root Financial Partners LLC grew its position in Churchill Downs by 1,173.1% in the 1st quarter. Root Financial Partners LLC now owns 331 shares of the company's stock valued at $30,000 after acquiring an additional 305 shares in the last quarter. 82.59% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
CHDN has been the subject of several research reports. Truist Financial set a $145.00 price target on shares of Churchill Downs in a research note on Friday, June 12th. Susquehanna increased their price target on shares of Churchill Downs from $121.00 to $124.00 and gave the company a "positive" rating in a research note on Friday, July 31st. Wells Fargo & Company cut their target price on Churchill Downs from $120.00 to $117.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Weiss Ratings reiterated a "sell (d+)" rating on shares of Churchill Downs in a research report on Friday, July 31st. Finally, Citigroup reaffirmed an "outperform" rating on shares of Churchill Downs in a research report 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $136.88.
Get Our Latest Stock Analysis on Churchill Downs
Churchill Downs Trading Up 3.9%
Shares of Churchill Downs stock opened at $89.90 on Friday. Churchill Downs, Incorporated has a 12-month low of $79.40 and a 12-month high of $118.35. The stock has a market cap of $6.27 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68. The company has a 50-day moving average of $87.24 and a two-hundred day moving average of $88.68. 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 (NASDAQ:CHDN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.45. The firm had revenue of $980.00 million during the quarter, compared to analysts' expectations of $977.38 million. Churchill Downs had a return on equity of 42.16% and a net margin of 13.82%.Churchill Downs's revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.10 earnings per share. On average, research analysts anticipate that Churchill Downs, Incorporated will post 7.14 EPS for the current fiscal year.
About Churchill Downs
(
Free Report)
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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