Quantinno Capital Management LP Has $9.66 Million Stock Position in Churchill Downs, Incorporated $CHDN

Quantinno Capital Management LP lessened its stake in Churchill Downs, Incorporated (NASDAQ:CHDN) by 19.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,493 shares of the company’s stock after selling 26,276 shares during the quarter. Quantinno Capital Management LP’s holdings in Churchill Downs were worth $9,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in Churchill Downs by 1,364.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after buying an additional 232 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Churchill Downs in the 3rd quarter valued at approximately $25,000. Parkside Financial Bank & Trust lifted its holdings in shares of Churchill Downs by 293.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 256 shares of the company’s stock worth $29,000 after acquiring an additional 191 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Churchill Downs by 1,173.1% during the 1st quarter. Root Financial Partners LLC now owns 331 shares of the company’s stock worth $30,000 after acquiring an additional 305 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Churchill Downs during the 4th quarter worth approximately $38,000. Institutional investors own 82.59% of the company’s stock.

Key Headlines Impacting Churchill Downs

Here are the key news stories impacting Churchill Downs this week:

• Positive Sentiment: Churchill Downs and The New York Racing Association announced a six-race Thoroughbred Championship Series beginning in 2027. The series will connect the Kentucky Derby, Belmont Stakes, Travers Stakes and three additional races across Churchill Downs, Belmont Park and Saratoga. A unified points system and $5 million standings-based prize pool are intended to keep top horses, owners and fans engaged throughout the season. Horse Racing’s Biggest Events Unite in Landmark New Thoroughbred Championship Series
• Positive Sentiment: The races will receive national television exposure, with Churchill Downs events airing on NBC and NYRA events on FOX. The initiative could create longer-lasting revenue opportunities through sponsorships, broadcast rights, wagering, attendance and merchandise, potentially turning the Derby’s brand value into a recurring media asset. Is Churchill Downs Turning Its Derby Franchise Into a Year-Round Media Asset?
• Positive Sentiment: Mizuho raised its CHDN price target to $157 from $155 and maintained an “outperform” rating. The target reflects substantial potential upside from the stock’s recent trading level, reinforcing optimism around the company’s racing assets and growth plans. Mizuho Raises Churchill Downs Price Target
• Neutral Sentiment: Analyst commentary describes Churchill Downs as potentially undervalued by approximately 38% if the new championship series successfully increases engagement and monetization. However, the estimate is scenario-based, and rules, sponsorships, broadcast agreements and commercial terms have not yet been finalized. Churchill Downs Could Be 38% Undervalued on New Racing Series Plans
• Negative Sentiment: Price-target revisions remain mixed: Wells Fargo lowered its target to $117, while Citizens cut its target to $137, despite maintaining favorable views. These reductions suggest analysts see execution, regulatory, economic and discretionary-spending risks even as the long-term valuation case remains bullish. Wells Fargo Cuts Churchill Downs Price Target

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CHDN. Citizens Jmp decreased their price objective on shares of Churchill Downs from $149.00 to $137.00 and set a “market outperform” rating on the stock in a research note on Friday, July 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Churchill Downs in a research note on Friday. Truist Financial set a $145.00 target price on Churchill Downs in a report on Friday, June 12th. Jefferies Financial Group reiterated a “buy” rating on shares of Churchill Downs in a research note on Thursday, July 2nd. Finally, Citigroup reissued an “outperform” rating on shares of Churchill Downs in a report on Friday. Nine research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.88.

Churchill Downs Trading Up 2.3%

CHDN opened at $85.35 on Wednesday. The company’s 50 day moving average is $86.82 and its 200-day moving average is $89.99. Churchill Downs, Incorporated has a 1-year low of $79.40 and a 1-year high of $118.35. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 3.06. The company has a market cap of $5.95 billion, a P/E ratio of 14.64, a PEG ratio of 0.55 and a beta of 0.68.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $3.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.45. The company had revenue of $980.00 million for the quarter, compared to analyst estimates of $977.38 million. Churchill Downs had a net margin of 13.82% and a return on equity of 42.16%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.10 EPS. Equities research analysts predict that Churchill Downs, Incorporated will post 7.05 earnings per share 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.