Churchill Downs Incorporated (NASDAQ:CHDN) Given Average Recommendation of “Buy” by Brokerages

Shares of Churchill Downs Incorporated (NASDAQ:CHDN) have been given a consensus recommendation of “Buy” by the eight research firms that are currently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $144.50.

A number of equities research analysts recently commented on the company. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a research note on Friday. Mizuho boosted their target price on Churchill Downs from $142.00 to $143.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus increased their price target on shares of Churchill Downs from $150.00 to $153.00 and gave the company a “buy” rating in a research report on Friday. JMP Securities restated a “market outperform” rating and set a $150.00 price objective on shares of Churchill Downs in a report on Wednesday, April 10th. Finally, Truist Financial increased their target price on shares of Churchill Downs from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. raised its holdings in shares of Churchill Downs by 59.8% during the first quarter. UMB Bank n.a. now owns 286 shares of the company’s stock worth $35,000 after acquiring an additional 107 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Churchill Downs in the 4th quarter valued at about $39,000. Vestor Capital LLC bought a new stake in shares of Churchill Downs in the fourth quarter valued at about $45,000. GAMMA Investing LLC acquired a new position in shares of Churchill Downs during the fourth quarter worth about $66,000. Finally, Covestor Ltd grew its holdings in shares of Churchill Downs by 44.0% during the third quarter. Covestor Ltd now owns 848 shares of the company’s stock worth $98,000 after buying an additional 259 shares in the last quarter. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Stock Up 0.2 %

Shares of NASDAQ CHDN opened at $129.44 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 5.34. The firm has a market capitalization of $9.54 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 8.59 and a beta of 1.03. The firm’s 50-day moving average is $119.79 and its 200-day moving average is $120.64. Churchill Downs has a 1 year low of $106.45 and a 1 year high of $150.45.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.35. The firm had revenue of $590.90 million for the quarter, compared to analysts’ expectations of $565.41 million. Churchill Downs had a net margin of 13.72% and a return on equity of 44.33%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. Equities analysts expect that Churchill Downs will post 5.48 EPS for the current year.

About Churchill Downs

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.