59,690 Shares in Churchill Downs Incorporated (NASDAQ:CHDN) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in shares of Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 59,690 shares of the company's stock, valued at approximately $7,971,000. Susquehanna Fundamental Investments LLC owned about 0.08% of Churchill Downs at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CHDN. Blue Trust Inc. increased its position in shares of Churchill Downs by 127.2% during the fourth quarter. Blue Trust Inc. now owns 184 shares of the company's stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Churchill Downs during the 3rd quarter worth about $27,000. Fortitude Family Office LLC grew its holdings in shares of Churchill Downs by 2,733.3% in the 4th quarter. Fortitude Family Office LLC now owns 255 shares of the company's stock valued at $34,000 after acquiring an additional 246 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Churchill Downs during the fourth quarter worth $55,000. Finally, R Squared Ltd acquired a new position in shares of Churchill Downs during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 82.59% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on CHDN. Mizuho decreased their price target on shares of Churchill Downs from $148.00 to $140.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group decreased their price target on Churchill Downs from $160.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Truist Financial cut their price objective on shares of Churchill Downs from $162.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Barclays dropped their target price on shares of Churchill Downs from $125.00 to $124.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Churchill Downs from $165.00 to $158.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $144.80.

Churchill Downs Trading Up 2.5 %

Shares of NASDAQ:CHDN traded up $2.28 during midday trading on Friday, hitting $93.23. 802,898 shares of the stock were exchanged, compared to its average volume of 539,898. The business's 50-day moving average price is $105.78 and its 200 day moving average price is $123.29. Churchill Downs Incorporated has a 12 month low of $85.58 and a 12 month high of $150.21. The company has a debt-to-equity ratio of 4.47, a quick ratio of 0.55 and a current ratio of 0.57. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 2.95 and a beta of 0.86.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.07 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.01). The business had revenue of $642.60 million for the quarter, compared to the consensus estimate of $649.68 million. Churchill Downs had a return on equity of 43.67% and a net margin of 15.61%. The company's revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 earnings per share. Analysts predict that Churchill Downs Incorporated will post 6.92 earnings per share for the current year.

Churchill Downs declared that its board has approved a share buyback program on Wednesday, March 12th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Churchill Downs Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.26%. Churchill Downs's payout ratio is presently 7.12%.

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; casino gaming; and Terre Haute Casino Resort.