B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,954 shares of the company's stock after buying an additional 3,550 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Churchill Downs were worth $2,798,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Churchill Downs by 127.2% in the fourth quarter. Blue Trust Inc. now owns 184 shares of the company's stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Churchill Downs in the 3rd quarter valued at $27,000. Fortitude Family Office LLC lifted its position in Churchill Downs by 2,733.3% during the 4th quarter. Fortitude Family Office LLC now owns 255 shares of the company's stock worth $34,000 after buying an additional 246 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Churchill Downs during the fourth quarter worth about $55,000. Finally, R Squared Ltd acquired a new position in Churchill Downs during the fourth quarter valued at approximately $55,000. 82.59% of the stock is owned by institutional investors.
Churchill Downs Price Performance
Shares of NASDAQ CHDN traded down $6.36 during midday trading on Friday, reaching $102.66. The company's stock had a trading volume of 984,270 shares, compared to its average volume of 497,417. The company has a debt-to-equity ratio of 4.47, a quick ratio of 0.55 and a current ratio of 0.57. The company has a market cap of $7.54 billion, a P/E ratio of 18.07, a P/E/G ratio of 2.95 and a beta of 0.86. The business's 50 day moving average price is $116.11 and its two-hundred day moving average price is $129.19. Churchill Downs Incorporated has a fifty-two week low of $101.62 and a fifty-two week high of $150.21.
Churchill Downs (NASDAQ:CHDN - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.06). The company had revenue of $624.20 million for the quarter, compared to analyst estimates of $620.21 million. Churchill Downs had a return on equity of 43.67% and a net margin of 15.61%. On average, analysts forecast that Churchill Downs Incorporated will post 6.92 EPS for the current fiscal year.
Churchill Downs declared that its board has approved a share repurchase program on Wednesday, March 12th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 6.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.
Churchill Downs Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.23%. Churchill Downs's payout ratio is presently 7.04%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on CHDN shares. StockNews.com upgraded Churchill Downs from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Stifel Nicolaus cut their price target on shares of Churchill Downs from $164.00 to $161.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Wells Fargo & Company lowered their price objective on shares of Churchill Downs from $165.00 to $158.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Mizuho reduced their price target on Churchill Downs from $151.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $166.00 price objective on shares of Churchill Downs in a research report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Churchill Downs currently has an average rating of "Moderate Buy" and a consensus target price of $159.38.
View Our Latest Research Report on CHDN
Churchill Downs 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.
See Also
Before you consider Churchill Downs, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Churchill Downs wasn't on the list.
While Churchill Downs currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
