Fieldview Capital Management LLC Has $3.35 Million Stock Position in Churchill Downs, Incorporated $CHDN

Fieldview Capital Management LLC reduced its holdings in Churchill Downs, Incorporated (NASDAQ:CHDN) by 26.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 29,400 shares of the company’s stock after selling 10,484 shares during the quarter. Fieldview Capital Management LLC’s holdings in Churchill Downs were worth $3,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dockside LLC acquired a new position in Churchill Downs in the 4th quarter valued at approximately $905,000. Aurora Investment Counsel increased its position in Churchill Downs by 3.7% in the 4th quarter. Aurora Investment Counsel now owns 25,618 shares of the company’s stock valued at $2,915,000 after acquiring an additional 916 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Churchill Downs by 0.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,384,089 shares of the company’s stock valued at $157,482,000 after acquiring an additional 7,687 shares during the period. FORA Capital LLC increased its position in Churchill Downs by 53.6% in the 4th quarter. FORA Capital LLC now owns 4,363 shares of the company’s stock valued at $496,000 after acquiring an additional 1,522 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in Churchill Downs by 293.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 256 shares of the company’s stock valued at $29,000 after acquiring an additional 191 shares during the period. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on CHDN shares. Citizens Jmp upped their price target on shares of Churchill Downs from $146.00 to $149.00 and gave the company a “market outperform” rating in a research report on Friday, April 24th. Jefferies Financial Group reiterated a “buy” rating on shares of Churchill Downs in a research report on Tuesday, April 21st. Weiss Ratings cut shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Truist Financial set a $145.00 price objective on shares of Churchill Downs in a research report on Friday. Finally, Citigroup reiterated an “outperform” rating on shares of Churchill Downs in a research report on Friday, April 24th. Eleven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Churchill Downs currently has an average rating of “Moderate Buy” and a consensus price target of $139.00.

Churchill Downs Stock Down 0.1%

Shares of NASDAQ CHDN opened at $86.94 on Friday. The firm has a market cap of $6.06 billion, a PE ratio of 16.10, a P/E/G ratio of 0.57 and a beta of 0.68. Churchill Downs, Incorporated has a 12-month low of $80.24 and a 12-month high of $118.46. The company’s fifty day simple moving average is $89.66 and its 200 day simple moving average is $96.84. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.44.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. The company had revenue of $663.00 million for the quarter, compared to analysts’ expectations of $659.32 million. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 EPS. As a group, sell-side analysts forecast that Churchill Downs, Incorporated will post 7.32 earnings per share for the current fiscal year.

Churchill Downs 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.