Churchill Downs, Inc. (NASDAQ:CHDN) Given Average Rating of “Hold” by Analysts

Shares of Churchill Downs, Inc. (NASDAQ:CHDN) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $132.50.

Several equities analysts recently commented on CHDN shares. ValuEngine lowered shares of Churchill Downs from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Telsey Advisory Group increased 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. Zacks Investment Research raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. BidaskClub raised shares of Churchill Downs from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Susquehanna Bancshares began coverage on shares of Churchill Downs in a research report on Wednesday, July 24th. They set a “positive” rating and a $140.00 price target for the company.

Shares of Churchill Downs stock opened at $120.35 on Wednesday. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 33.06, a P/E/G ratio of 1.44 and a beta of 1.23. The company has a quick ratio of 0.87, a current ratio of 1.13 and a debt-to-equity ratio of 2.66. The firm has a 50 day moving average of $116.86. Churchill Downs has a 52 week low of $74.58 and a 52 week high of $132.73.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.84 by ($0.01). The company had revenue of $477.40 million during the quarter, compared to analysts’ expectations of $469.85 million. Churchill Downs had a net margin of 15.76% and a return on equity of 34.23%. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the previous year, the business earned $7.71 earnings per share. As a group, analysts anticipate that Churchill Downs will post 4.19 EPS for the current year.

In other Churchill Downs news, SVP Austin W. Miller sold 5,900 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $117.31, for a total transaction of $692,129.00. Following the completion of the transaction, the senior vice president now directly owns 40,494 shares of the company’s stock, valued at approximately $4,750,351.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.05% of the company’s stock.

Several large investors have recently bought and sold shares of CHDN. Gemmer Asset Management LLC increased its holdings in shares of Churchill Downs by 200.0% during the 1st quarter. Gemmer Asset Management LLC now owns 300 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in shares of Churchill Downs during the 1st quarter valued at approximately $27,000. Global Wealth Management Investment Advisory Inc. purchased a new position in shares of Churchill Downs during the 1st quarter valued at approximately $27,000. FTB Advisors Inc. increased its holdings in shares of Churchill Downs by 248.0% during the 1st quarter. FTB Advisors Inc. now owns 355 shares of the company’s stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Churchill Downs during the 4th quarter valued at approximately $37,000. 71.70% of the stock is 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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