Aigen Investment Management LP bought a new position in Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,817 shares of the company's stock, valued at approximately $516,000.
A number of other institutional investors have also bought and sold shares of the business. Kimelman & Baird LLC purchased a new stake in shares of Churchill Downs in the second quarter valued at about $42,000. CWM LLC increased its holdings in shares of Churchill Downs by 36.8% during the 2nd quarter. CWM LLC now owns 439 shares of the company's stock worth $61,000 after buying an additional 118 shares during the last quarter. UMB Bank n.a. raised its position in shares of Churchill Downs by 82.8% during the 3rd quarter. UMB Bank n.a. now owns 563 shares of the company's stock valued at $76,000 after buying an additional 255 shares during the period. Bank & Trust Co acquired a new position in Churchill Downs in the second quarter valued at approximately $84,000. Finally, GAMMA Investing LLC lifted its holdings in Churchill Downs by 72.4% in the second quarter. GAMMA Investing LLC now owns 612 shares of the company's stock valued at $85,000 after acquiring an additional 257 shares during the last quarter. 82.59% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Macquarie lifted their target price on Churchill Downs from $154.00 to $162.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. Bank of America upgraded shares of Churchill Downs from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $145.00 to $155.00 in a report on Monday, August 12th. Truist Financial reaffirmed a "buy" rating and set a $165.00 target price (down previously from $166.00) on shares of Churchill Downs in a research note on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of Churchill Downs from $161.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Finally, Mizuho decreased their price objective on shares of Churchill Downs from $157.00 to $151.00 and set an "outperform" rating on the stock in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $160.88.
Get Our Latest Report on Churchill Downs
Churchill Downs Stock Down 1.4 %
CHDN traded down $2.00 on Friday, hitting $138.91. 465,635 shares of the company were exchanged, compared to its average volume of 438,130. The firm has a 50-day moving average price of $139.03 and a two-hundred day moving average price of $137.72. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.35. Churchill Downs Incorporated has a twelve month low of $111.10 and a twelve month high of $150.21. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 3.92 and a beta of 0.96.
Churchill Downs (NASDAQ:CHDN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.01. The business had revenue of $628.50 million during the quarter, compared to the consensus estimate of $627.90 million. Churchill Downs had a return on equity of 45.48% and a net margin of 15.45%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. On average, equities analysts predict that Churchill Downs Incorporated will post 5.86 earnings per share for the current year.
Churchill Downs Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be issued a $0.409 dividend. This represents a dividend yield of 0.29%. This is a positive change from Churchill Downs's previous annual dividend of $0.38. The ex-dividend date is Friday, December 6th. Churchill Downs's dividend payout ratio (DPR) is presently 7.29%.
Churchill Downs Company Profile
(
Free Report)
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; casino gaming; and Terre Haute Casino Resort.
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