Analysts Set Churchill Downs, Incorporated (NASDAQ:CHDN) PT at $139.00

Churchill Downs, Incorporated (NASDAQ:CHDN) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $139.00.

CHDN has been the subject of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a report on Tuesday, April 21st. Citizens Jmp lifted their price target on Churchill Downs from $146.00 to $149.00 and gave the stock a “market outperform” rating in a research report on Friday, April 24th. Mizuho lifted their price target on Churchill Downs from $146.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings lowered Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $130.00 price target (up from $124.00) on shares of Churchill Downs in a research report on Thursday, April 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CHDN. AQR Capital Management LLC boosted its stake in Churchill Downs by 29.8% during the first quarter. AQR Capital Management LLC now owns 3,415 shares of the company’s stock worth $373,000 after buying an additional 784 shares during the period. Goldman Sachs Group Inc. boosted its stake in Churchill Downs by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 483,252 shares of the company’s stock worth $53,675,000 after buying an additional 121,204 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Churchill Downs by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,800 shares of the company’s stock valued at $25,080,000 after buying an additional 15,161 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Churchill Downs by 1,364.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock valued at $28,000 after buying an additional 232 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Churchill Downs during the second quarter valued at approximately $229,000. 82.59% of the stock is owned by hedge funds and other institutional investors.

Churchill Downs Trading Up 0.2%

Shares of Churchill Downs stock opened at $85.76 on Friday. The business has a 50-day moving average price of $89.47 and a 200-day moving average price of $98.83. Churchill Downs has a twelve month low of $80.24 and a twelve month high of $118.46. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.44. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 0.56 and a beta of 0.73.

Churchill Downs (NASDAQ:CHDN) last posted its earnings results on Wednesday, April 22nd. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. The firm had revenue of $663.00 million during the quarter, compared to analyst estimates of $659.32 million. During the same period last year, the firm posted $1.07 earnings per share. Churchill Downs’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Churchill Downs will post 7.32 EPS for the current fiscal year.

Churchill Downs Company Profile

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.