Churchill Downs (NASDAQ:CHDN - Free Report) had its target price upped by Truist Financial from $140.00 to $145.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.
Other equities analysts also recently issued reports about the stock. Wells Fargo & Company raised shares of Churchill Downs from an equal weight rating to an overweight rating and boosted their price target for the stock from $137.00 to $141.00 in a report on Monday, April 15th. Mizuho upped their price objective on shares of Churchill Downs from $142.00 to $143.00 and gave the stock a buy rating in a research report on Friday. Finally, JMP Securities restated a market outperform rating and issued a $150.00 price objective on shares of Churchill Downs in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Churchill Downs currently has a consensus rating of Moderate Buy and a consensus target price of $144.50.
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Churchill Downs Stock Up 0.2 %
Shares of NASDAQ CHDN traded up $0.21 during trading on Friday, hitting $129.44. The stock had a trading volume of 564,088 shares, compared to its average volume of 388,341. Churchill Downs has a 12 month low of $106.45 and a 12 month high of $150.45. The company has a debt-to-equity ratio of 5.34, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market capitalization of $9.54 billion, a PE ratio of 28.96, a PEG ratio of 8.59 and a beta of 1.03. The firm has a fifty day moving average of $119.60 and a two-hundred day moving average of $120.58.
Churchill Downs (NASDAQ:CHDN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.35. The company had revenue of $590.90 million for the quarter, compared to the consensus estimate of $565.41 million. Churchill Downs had a net margin of 13.72% and a return on equity of 44.33%. The firm's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. As a group, equities research analysts forecast that Churchill Downs will post 5.48 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital Research Global Investors grew its holdings in shares of Churchill Downs by 0.5% in the fourth quarter. Capital Research Global Investors now owns 6,814,665 shares of the company's stock worth $919,513,000 after purchasing an additional 35,337 shares during the last quarter. Vanguard Group Inc. lifted its stake in Churchill Downs by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,726,402 shares of the company's stock worth $907,593,000 after acquiring an additional 37,065 shares during the period. Capital International Investors lifted its stake in Churchill Downs by 6.1% in the fourth quarter. Capital International Investors now owns 2,382,753 shares of the company's stock worth $321,508,000 after acquiring an additional 136,197 shares during the period. Ameriprise Financial Inc. lifted its stake in Churchill Downs by 8.3% in the third quarter. Ameriprise Financial Inc. now owns 1,086,275 shares of the company's stock worth $126,051,000 after acquiring an additional 83,214 shares during the period. Finally, Boston Partners lifted its stake in Churchill Downs by 98.1% in the fourth quarter. Boston Partners now owns 810,564 shares of the company's stock worth $109,347,000 after acquiring an additional 401,319 shares during the period. Institutional investors own 82.59% of the company's stock.
Churchill Downs Company Profile
(
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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; and casino gaming.
Further Reading
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