Churchill Downs (NASDAQ:CHDN) Upgraded by StockNews.com to "Hold"

Churchill Downs (NASDAQ:CHDN - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a report released on Friday.

CHDN has been the subject of several other research reports. Truist Financial boosted their price objective on Churchill Downs from $140.00 to $145.00 and gave the company a "buy" rating in a report on Friday. Stifel Nicolaus upped their price target on Churchill Downs from $150.00 to $153.00 and gave the stock a "buy" rating in a report on Friday. Wells Fargo & Company upgraded Churchill Downs from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $137.00 to $141.00 in a report on Monday, April 15th. JMP Securities reiterated a "market outperform" rating and set a $150.00 price target on shares of Churchill Downs in a report on Wednesday, April 10th. Finally, Mizuho upped their price target on Churchill Downs from $142.00 to $143.00 and gave the stock a "buy" rating in a report on Friday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $144.50.

Churchill Downs Stock Up 0.2 %

Shares of NASDAQ CHDN traded up $0.21 during midday trading on Friday, hitting $129.44. 564,088 shares of the stock traded hands, compared to its average volume of 388,341. The company has a market cap of $9.54 billion, a PE ratio of 28.83, a P/E/G ratio of 8.59 and a beta of 1.03. Churchill Downs has a one year low of $106.45 and a one year high of $150.45. The business has a 50 day moving average price of $119.79 and a two-hundred day moving average price of $120.64. The company has a debt-to-equity ratio of 5.34, a quick ratio of 0.53 and a current ratio of 0.53.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.78 by $0.35. The firm had revenue of $590.90 million during the quarter, compared to the consensus estimate of $565.41 million. Churchill Downs had a return on equity of 44.33% and a net margin of 13.72%. The company's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. On average, equities analysts predict that Churchill Downs will post 5.48 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Research Global Investors lifted its position in shares of Churchill Downs by 0.5% during the 4th quarter. Capital Research Global Investors now owns 6,814,665 shares of the company's stock valued at $919,513,000 after buying an additional 35,337 shares during the last quarter. Vanguard Group Inc. boosted its stake in Churchill Downs by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,726,402 shares of the company's stock worth $907,593,000 after purchasing an additional 37,065 shares during the period. Capital International Investors raised its holdings in shares of Churchill Downs by 6.1% in the 4th quarter. Capital International Investors now owns 2,382,753 shares of the company's stock valued at $321,508,000 after acquiring an additional 136,197 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Churchill Downs by 8.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,086,275 shares of the company's stock valued at $126,051,000 after acquiring an additional 83,214 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of Churchill Downs by 98.1% in the 4th quarter. Boston Partners now owns 810,564 shares of the company's stock valued at $109,347,000 after acquiring an additional 401,319 shares in the last quarter. Hedge funds and other institutional investors own 82.59% of the company's stock.

Churchill Downs Company 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.

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