Several other research firms also recently commented on CHDN. Zacks Investment Research downgraded shares of Churchill Downs from a buy rating to a hold rating in a research note on Wednesday, January 16th. Telsey Advisory Group reaffirmed a market perform rating and issued a $93.00 price target (down previously from $280.00) on shares of Churchill Downs in a research note on Friday, March 1st. JPMorgan Chase & Co. set a $105.00 price target on shares of Churchill Downs and gave the stock a hold rating in a research note on Friday, March 1st. ValuEngine raised shares of Churchill Downs from a sell rating to a hold rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group set a $106.00 price target on shares of Churchill Downs and gave the stock a buy rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $101.42.
Shares of CHDN opened at $99.91 on Wednesday. Churchill Downs has a twelve month low of $74.58 and a twelve month high of $104.87. The firm has a market capitalization of $4.03 billion, a PE ratio of 27.45, a PEG ratio of 1.05 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.86.
In related news, Director Karole Lloyd purchased 1,000 shares of Churchill Downs stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average price of $85.22 per share, with a total value of $85,220.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 13.05% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Bank of Montreal Can grew its holdings in Churchill Downs by 18.4% during the 4th quarter. Bank of Montreal Can now owns 489 shares of the company’s stock worth $119,000 after acquiring an additional 76 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in Churchill Downs by 50.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 238 shares of the company’s stock worth $58,000 after acquiring an additional 80 shares in the last quarter. Advisory Services Network LLC bought a new position in Churchill Downs during the 4th quarter worth about $37,000. Gemmer Asset Management LLC grew 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 acquiring an additional 200 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in Churchill Downs by 107.8% during the 4th quarter. IFP Advisors Inc now owns 399 shares of the company’s stock worth $95,000 after acquiring an additional 207 shares in the last quarter. Institutional investors own 24.77% of the company’s stock.
Churchill Downs Company Profile
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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