Segall Bryant & Hamill LLC Raises Stake in Churchill Downs, Incorporated (NASDAQ:CHDN)

Segall Bryant & Hamill LLC raised its position in Churchill Downs, Incorporated (NASDAQ:CHDN - Free Report) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 224,224 shares of the company's stock after purchasing an additional 13,742 shares during the period. Segall Bryant & Hamill LLC owned 0.31% of Churchill Downs worth $24,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Churchill Downs by 159.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 412 shares of the company's stock valued at $46,000 after buying an additional 253 shares during the last quarter. Central Pacific Bank Trust Division grew its position in shares of Churchill Downs by 39.6% in the 1st quarter. Central Pacific Bank Trust Division now owns 455 shares of the company's stock valued at $51,000 after buying an additional 129 shares during the last quarter. Private Trust Co. NA grew its position in shares of Churchill Downs by 154.9% in the 1st quarter. Private Trust Co. NA now owns 543 shares of the company's stock valued at $60,000 after buying an additional 330 shares during the last quarter. Covestor Ltd grew its position in shares of Churchill Downs by 46.8% in the 4th quarter. Covestor Ltd now owns 929 shares of the company's stock valued at $124,000 after buying an additional 296 shares during the last quarter. Finally, Ossiam grew its position in shares of Churchill Downs by 2,292.7% in the 4th quarter. Ossiam now owns 1,962 shares of the company's stock valued at $262,000 after buying an additional 1,880 shares during the last quarter. 82.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Churchill Downs from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Jefferies Financial Group lowered their price objective on shares of Churchill Downs from $160.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Barclays raised their price objective on shares of Churchill Downs from $124.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday. Stifel Nicolaus raised their price objective on shares of Churchill Downs from $130.00 to $133.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Mizuho lowered their price objective on shares of Churchill Downs from $137.00 to $134.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $138.45.

Insider Activity

In other Churchill Downs news, Director Douglas C. Grissom bought 10,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was bought at an average price of $92.77 per share, for a total transaction of $927,700.00. Following the completion of the transaction, the director owned 38,869 shares in the company, valued at approximately $3,605,877.13. The trade was a 34.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Alex Rankin bought 2,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were acquired at an average price of $92.65 per share, with a total value of $185,300.00. Following the transaction, the director owned 99,012 shares of the company's stock, valued at $9,173,461.80. The trade was a 2.06% increase in their position. The disclosure for this purchase can be found here. 5.34% of the stock is owned by company insiders.

Churchill Downs Stock Performance

Shares of CHDN stock traded down $0.72 during mid-day trading on Friday, hitting $105.55. The stock had a trading volume of 513,364 shares, compared to its average volume of 593,355. The company has a debt-to-equity ratio of 4.49, a current ratio of 0.53 and a quick ratio of 0.53. Churchill Downs, Incorporated has a fifty-two week low of $85.58 and a fifty-two week high of $150.21. The company's 50-day simple moving average is $99.65 and its 200-day simple moving average is $108.43. The firm has a market cap of $7.62 billion, a PE ratio of 18.78, a PEG ratio of 2.93 and a beta of 0.95.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). Churchill Downs had a net margin of 15.19% and a return on equity of 40.73%. The company had revenue of $642.60 million during the quarter, compared to analyst estimates of $649.68 million. During the same quarter last year, the business earned $1.13 EPS. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. Sell-side analysts anticipate that Churchill Downs, Incorporated will post 6.92 earnings per share for the current year.

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.