Several other equities research analysts have also recently commented on the stock. ValuEngine cut shares of Churchill Downs from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Susquehanna Bancshares started coverage on shares of Churchill Downs in a research report on Wednesday, July 24th. They issued a positive rating and a $140.00 price objective on the stock. Zacks Investment Research raised shares of Churchill Downs from a sell rating to a hold rating in a research report on Tuesday, July 23rd. Jefferies Financial Group boosted their price objective on shares of Churchill Downs from $126.00 to $135.00 and gave the company a buy rating in a research report on Wednesday, July 24th. Finally, Telsey Advisory Group boosted their price objective on shares of Churchill Downs from $120.00 to $135.00 and gave the company an outperform rating in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $132.20.
Shares of NASDAQ CHDN traded down $5.88 during midday trading on Thursday, reaching $120.35. 374,846 shares of the stock were exchanged, compared to its average volume of 227,843. The business’s 50-day moving average is $116.86. The stock has a market capitalization of $5.05 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. Churchill Downs has a 12 month low of $74.58 and a 12 month high of $132.73. The company has a quick ratio of 0.87, a current ratio of 1.13 and a debt-to-equity ratio of 2.66.
In other Churchill Downs news, SVP Austin W. Miller sold 5,900 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $117.31, for a total transaction of $692,129.00. Following the sale, the senior vice president now directly owns 40,494 shares of the company’s stock, valued at approximately $4,750,351.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 13.05% of the company’s stock.
A number of large investors have recently modified their holdings of CHDN. Gemmer Asset Management LLC lifted its position 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 buying an additional 200 shares in the last quarter. FinTrust Capital Advisors LLC bought a new stake in Churchill Downs during the 1st quarter worth about $27,000. Global Wealth Management Investment Advisory Inc. bought a new stake in Churchill Downs during the 1st quarter worth about $27,000. FTB Advisors Inc. lifted its position in Churchill Downs by 248.0% during the 1st quarter. FTB Advisors Inc. now owns 355 shares of the company’s stock worth $31,000 after buying an additional 253 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Churchill Downs during the 4th quarter worth about $37,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.
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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