Town & Country Bank & Trust CO dba First Bankers Trust CO Grows Position in Churchill Downs, Incorporated $CHDN

Key Points

• Town & Country Bank & Trust CO increased its holdings in Churchill Downs, Incorporated by 218.0% during the 2nd quarter, owning 13,233 shares worth $1,337,000.
• Several institutional investors, including Cetera Investment Advisers and Royal Bank of Canada, have also raised their positions in Churchill Downs stock.
• Churchill Downs reported a quarterly earnings per share of $3.10, exceeding analyst estimates, with revenues of $934.40 million, up 4.9% year-over-year.

Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in Churchill Downs, Incorporated (NASDAQ:CHDN - Free Report) by 218.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,233 shares of the company's stock after purchasing an additional 9,072 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Churchill Downs were worth $1,337,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CHDN. Cetera Investment Advisers increased its holdings in shares of Churchill Downs by 11.3% in the fourth quarter. Cetera Investment Advisers now owns 3,868 shares of the company's stock worth $516,000 after purchasing an additional 392 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Churchill Downs by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 3,439 shares of the company's stock worth $459,000 after purchasing an additional 238 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Churchill Downs by 9.1% in the fourth quarter. Royal Bank of Canada now owns 103,402 shares of the company's stock worth $13,809,000 after purchasing an additional 8,606 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Churchill Downs by 2.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 210,639 shares of the company's stock worth $28,129,000 after purchasing an additional 4,036 shares during the last quarter. Finally, Centaurus Financial Inc. increased its holdings in shares of Churchill Downs by 15.4% in the fourth quarter. Centaurus Financial Inc. now owns 3,868 shares of the company's stock worth $517,000 after purchasing an additional 515 shares during the last quarter. 82.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

CHDN has been the topic of several analyst reports. Mizuho boosted their price objective on Churchill Downs from $134.00 to $136.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Stifel Nicolaus upped their target price on Churchill Downs from $130.00 to $133.00 and gave the company a "buy" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. began coverage on Churchill Downs in a research note on Monday, June 23rd. They set an "overweight" rating and a $116.00 target price on the stock. Macquarie boosted their price target on Churchill Downs from $150.00 to $155.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Susquehanna boosted their price target on Churchill Downs from $121.00 to $126.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $136.50.

Churchill Downs Price Performance

Shares of CHDN opened at $95.83 on Tuesday. The business's 50-day moving average is $103.10 and its two-hundred day moving average is $101.76. The company has a market capitalization of $6.72 billion, a P/E ratio of 16.47, a P/E/G ratio of 1.78 and a beta of 0.86. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.60 and a current ratio of 0.60. Churchill Downs, Incorporated has a fifty-two week low of $85.58 and a fifty-two week high of $150.21.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $3.10 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.07. The company had revenue of $934.40 million for 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% compared to the same quarter last year. During the same period last year, the firm earned $2.89 EPS. Research analysts predict that Churchill Downs, Incorporated will post 6.92 earnings per share for the current year.

Churchill Downs Profile

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.

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