Zurcher Kantonalbank Zurich Cantonalbank Has $1.95 Million Position in Churchill Downs Incorporated (NASDAQ:CHDN)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,467 shares of the company’s stock after buying an additional 1,142 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Churchill Downs were worth $1,952,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Invesco LLC acquired a new position in shares of Churchill Downs during the fourth quarter worth about $212,000. Louisiana State Employees Retirement System acquired a new position in Churchill Downs during the fourth quarter valued at approximately $2,577,000. Simplicity Solutions LLC acquired a new position in Churchill Downs during the fourth quarter valued at approximately $449,000. Sapient Capital LLC acquired a new position in Churchill Downs during the fourth quarter valued at approximately $9,913,000. Finally, Cerity Partners LLC boosted its position in Churchill Downs by 8.2% during the fourth quarter. Cerity Partners LLC now owns 51,037 shares of the company’s stock valued at $6,886,000 after purchasing an additional 3,887 shares during the last quarter. 82.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Mizuho assumed coverage on Churchill Downs in a research report on Tuesday, March 26th. They set a “buy” rating and a $142.00 price target for the company. Wells Fargo & Company raised Churchill Downs from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $137.00 to $141.00 in a research report on Monday, April 15th. Finally, JMP Securities reissued a “market outperform” rating and set a $150.00 price target on shares of Churchill Downs in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat, Churchill Downs has an average rating of “Moderate Buy” and a consensus price target of $143.13.

Churchill Downs Stock Performance

CHDN opened at $123.39 on Thursday. Churchill Downs Incorporated has a 12-month low of $106.45 and a 12-month high of $150.45. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 8.41 and a beta of 1.03. The business has a 50 day moving average of $119.55 and a 200-day moving average of $120.56. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.34.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.18. Churchill Downs had a return on equity of 45.43% and a net margin of 16.95%. The company had revenue of $561.20 million during the quarter, compared to analysts’ expectations of $553.05 million. During the same period last year, the firm posted $0.73 earnings per share. The business’s revenue was up 16.9% on a year-over-year basis. On average, equities research analysts expect that Churchill Downs Incorporated will post 5.48 earnings per share for the current year.

Churchill Downs Company Profile

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; and casino gaming.