Sapient Capital LLC Takes Position in Churchill Downs Incorporated (NASDAQ:CHDN)

Sapient Capital LLC bought a new stake in Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 83,335 shares of the company's stock, valued at approximately $11,277,000. Sapient Capital LLC owned 0.11% of Churchill Downs at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Churchill Downs in the fourth quarter worth about $39,000. GAMMA Investing LLC purchased a new stake in shares of Churchill Downs during the fourth quarter worth $66,000. Covestor Ltd boosted its holdings in shares of Churchill Downs by 44.0% in the third quarter. Covestor Ltd now owns 848 shares of the company's stock worth $98,000 after acquiring an additional 259 shares during the period. Fifth Third Bancorp grew its position in shares of Churchill Downs by 15.1% in the fourth quarter. Fifth Third Bancorp now owns 1,437 shares of the company's stock valued at $194,000 after purchasing an additional 189 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of Churchill Downs during the 3rd quarter valued at $208,000. Institutional investors own 82.59% of the company's stock.

Churchill Downs Price Performance

Shares of Churchill Downs stock traded up $0.91 during trading on Friday, hitting $134.02. 497,871 shares of the stock traded hands, compared to its average volume of 534,842. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 3.81 and a beta of 0.99. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 5.88. Churchill Downs Incorporated has a 52 week low of $106.45 and a 52 week high of $148.61. The firm's fifty day moving average is $121.21 and its 200-day moving average is $121.50.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.35. Churchill Downs had a net margin of 13.72% and a return on equity of 44.99%. The business had revenue of $590.90 million for the quarter, compared to analysts' expectations of $565.41 million. During the same period last year, the business earned $0.98 earnings per share. The business's quarterly revenue was up 5.6% on a year-over-year basis. Research analysts expect that Churchill Downs Incorporated will post 5.72 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul C. Varga bought 3,800 shares of the stock in a transaction dated Monday, April 29th. The stock was bought at an average price of $130.22 per share, with a total value of $494,836.00. Following the purchase, the director now owns 28,902 shares in the company, valued at approximately $3,763,618.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 target price on shares of Churchill Downs in a report on Wednesday, April 10th. Stifel Nicolaus upped their target price on shares of Churchill Downs from $150.00 to $153.00 and gave the stock a "buy" rating in a report on Friday, April 26th. StockNews.com raised shares of Churchill Downs from a "sell" rating to a "hold" rating in a report on Friday, April 26th. Mizuho upped their price target on shares of Churchill Downs from $142.00 to $143.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Finally, Wells Fargo & Company raised Churchill Downs from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $137.00 to $141.00 in a research note on Monday, April 15th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $144.50.

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; and casino gaming.