Churchill Downs, Inc. (NASDAQ:CHDN) has been given an average rating of “Hold” by the six analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $122.00.
A number of analysts have recently issued reports on CHDN shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Extended Stay America in a research note on Tuesday, July 2nd. Zacks Investment Research lowered Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. BidaskClub lowered Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Telsey Advisory Group boosted their price objective on Churchill Downs from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, July 1st.
In other Churchill Downs news, Director R Alex Rankin bought 500 shares of Churchill Downs stock in a transaction on Wednesday, May 1st. The shares were bought at an average price of $101.83 per share, for a total transaction of $50,915.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Austin W. Miller sold 5,900 shares of Churchill Downs stock in a transaction on Monday, July 8th. The shares were sold at an average price of $117.31, for a total value of $692,129.00. Following the completion of the sale, the senior vice president now owns 40,494 shares in the company, valued at approximately $4,750,351.14. The disclosure for this sale can be found here. Insiders own 13.05% of the company’s stock.
Large investors have recently bought and sold shares of the business. Oakworth Capital Inc. raised its holdings in shares of Churchill Downs by 200.0% in the 1st quarter. Oakworth Capital Inc. now owns 900 shares of the company’s stock valued at $81,000 after buying an additional 600 shares during the period. Systematic Financial Management LP increased its holdings in Churchill Downs by 206.8% during the 1st quarter. Systematic Financial Management LP now owns 198,109 shares of the company’s stock worth $17,881,000 after purchasing an additional 133,526 shares during the period. Geode Capital Management LLC increased its holdings in Churchill Downs by 12.2% during the 4th quarter. Geode Capital Management LLC now owns 150,430 shares of the company’s stock worth $36,695,000 after purchasing an additional 16,314 shares during the period. Gemmer Asset Management LLC increased its holdings in Churchill Downs by 200.0% during the 1st quarter. Gemmer Asset Management LLC now owns 300 shares of the company’s stock worth $27,000 after purchasing an additional 200 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Churchill Downs by 19.1% during the 4th quarter. California Public Employees Retirement System now owns 13,644 shares of the company’s stock worth $3,328,000 after purchasing an additional 2,191 shares during the period. Institutional investors own 72.08% of the company’s stock.
Shares of NASDAQ:CHDN traded up $2.91 during trading on Friday, reaching $117.64. The stock had a trading volume of 158,277 shares, compared to its average volume of 221,796. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.22. The stock has a fifty day moving average of $110.40. The company has a market cap of $4.61 billion, a PE ratio of 32.32, a PEG ratio of 1.30 and a beta of 1.24. Churchill Downs has a 1-year low of $74.58 and a 1-year high of $118.89.
Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.23. The firm had revenue of $265.40 million for the quarter, compared to analyst estimates of $250.57 million. Churchill Downs had a return on equity of 33.97% and a net margin of 16.81%. The business’s revenue was up 40.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. Research analysts expect that Churchill Downs will post 4.4 earnings per share for the current year.
About Churchill Downs
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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