Sanctuary Advisors LLC purchased a new position in Churchill Downs, Incorporated (NASDAQ:CHDN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,217 shares of the company's stock, valued at approximately $2,260,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in shares of Churchill Downs by 4.7% in the third quarter. Quadrant Capital Group LLC now owns 2,619 shares of the company's stock valued at $254,000 after acquiring an additional 118 shares during the period. Nebula Research & Development LLC boosted its stake in shares of Churchill Downs by 4.8% during the 2nd quarter. Nebula Research & Development LLC now owns 3,421 shares of the company's stock worth $346,000 after purchasing an additional 158 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Churchill Downs by 7.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,501 shares of the company's stock valued at $285,000 after purchasing an additional 169 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Churchill Downs by 5.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,376 shares of the company's stock valued at $327,000 after purchasing an additional 177 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Churchill Downs by 0.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 20,450 shares of the company's stock worth $2,327,000 after purchasing an additional 178 shares during the period. 82.59% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Susquehanna boosted their target price on Churchill Downs from $121.00 to $124.00 and gave the company a "positive" rating in a research report on Friday, July 31st. Weiss Ratings reiterated a "sell (d+)" rating on shares of Churchill Downs in a report on Friday, July 31st. Mizuho raised their price target on Churchill Downs from $155.00 to $157.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Wells Fargo & Company dropped their price objective on Churchill Downs from $120.00 to $117.00 and set an "overweight" rating for the company in a 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 research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $136.88.
View Our Latest Analysis on Churchill Downs
Churchill Downs Price Performance
Churchill Downs stock opened at $88.67 on Wednesday. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 0.86 and a beta of 0.68. The firm has a 50-day moving average of $87.25 and a two-hundred day moving average of $88.76. Churchill Downs, Incorporated has a 1 year low of $79.40 and a 1 year high of $118.35.
Churchill Downs (NASDAQ:CHDN - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $3.45 EPS for the quarter, hitting analysts' consensus estimates of $3.45. The business had revenue of $980.00 million for 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 company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $3.10 earnings per share. On average, research analysts forecast that Churchill Downs, Incorporated will post 7.14 earnings per share for the current year.
Churchill Downs Profile
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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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