Several other analysts have also recently commented on CHDN. Jefferies Financial Group raised Churchill Downs from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Friday, January 11th. Zacks Investment Research lowered Churchill Downs from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. ValuEngine lowered Churchill Downs from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 29th. Telsey Advisory Group reiterated a “market perform” rating and set a $93.00 price objective (down from $280.00) on shares of Churchill Downs in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. set a $105.00 price objective on Churchill Downs and gave the stock a “hold” rating in a report on Friday, March 1st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Churchill Downs currently has an average rating of “Hold” and an average target price of $101.42.
Shares of Churchill Downs stock opened at $93.38 on Friday. The firm has a market capitalization of $3.70 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.00 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.86. Churchill Downs has a 12 month low of $74.58 and a 12 month high of $104.87.
Churchill Downs (NASDAQ:CHDN) last issued its earnings results on Wednesday, February 27th. The company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The business had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $218.67 million. Churchill Downs had a return on equity of 33.95% and a net margin of 34.97%. Churchill Downs’s revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. As a group, analysts predict that Churchill Downs will post 4.6 earnings per share for the current fiscal year.
In other news, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average cost of $85.22 per share, for a total transaction of $85,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.05% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in CHDN. Dimensional Fund Advisors LP raised its holdings in shares of Churchill Downs by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 128,848 shares of the company’s stock worth $35,782,000 after acquiring an additional 386 shares in the last quarter. GSA Capital Partners LLP bought a new position in Churchill Downs during the third quarter valued at about $447,000. Tower Research Capital LLC TRC raised its holdings in Churchill Downs by 5,804.8% during the third quarter. Tower Research Capital LLC TRC now owns 1,240 shares of the company’s stock valued at $345,000 after buying an additional 1,219 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Churchill Downs by 2.6% during the third quarter. The Manufacturers Life Insurance Company now owns 27,046 shares of the company’s stock valued at $7,510,000 after buying an additional 680 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Churchill Downs by 23.1% during the third quarter. Pacer Advisors Inc. now owns 4,320 shares of the company’s stock valued at $1,200,000 after buying an additional 810 shares in the last quarter. Institutional investors and hedge funds own 24.44% of the company’s stock.
Churchill Downs Company Profile
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
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