6,266 Shares in Churchill Downs Incorporated (NASDAQ:CHDN) Purchased by Banco Santander S.A.

Banco Santander S.A. purchased a new position in Churchill Downs Incorporated (NASDAQ:CHDN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,266 shares of the company’s stock, valued at approximately $837,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Churchill Downs by 127.2% during the fourth quarter. Blue Trust Inc. now owns 184 shares of the company’s stock valued at $25,000 after acquiring an additional 103 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Churchill Downs in the 3rd quarter worth about $27,000. Fortitude Family Office LLC raised its position in Churchill Downs by 2,733.3% in the 4th quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $34,000 after purchasing an additional 246 shares during the period. Eagle Bay Advisors LLC purchased a new stake in Churchill Downs in the 4th quarter worth about $55,000. Finally, R Squared Ltd purchased a new stake in Churchill Downs in the 4th quarter worth about $55,000. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CHDN shares. JMP Securities reiterated a “market outperform” rating and issued a $166.00 price target on shares of Churchill Downs in a report on Thursday, January 16th. Mizuho reduced their target price on Churchill Downs from $151.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus reduced their target price on Churchill Downs from $164.00 to $161.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Wells Fargo & Company reduced their price target 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 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 a consensus rating of “Moderate Buy” and an average price target of $159.38.

Churchill Downs Stock Performance

Shares of Churchill Downs stock opened at $112.00 on Monday. The firm has a market cap of $8.24 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.95 and a beta of 0.93. The company has a current ratio of 0.57, a quick ratio of 0.55 and a debt-to-equity ratio of 4.47. Churchill Downs Incorporated has a 12 month low of $109.40 and a 12 month high of $150.21. The stock’s fifty day moving average price is $123.43 and its 200-day moving average price is $133.09.

Churchill Downs (NASDAQ:CHDN) last posted its earnings results on Wednesday, February 19th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.06). The business had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $620.21 million. Churchill Downs had a net margin of 15.61% and a return on equity of 43.67%. On average, equities research analysts expect that Churchill Downs Incorporated will post 6.92 earnings per share for the current fiscal year.

About Churchill Downs

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.