Boston Partners boosted its holdings in shares of Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,794,630 shares of the company's stock after acquiring an additional 366,283 shares during the quarter. Boston Partners owned 2.44% of Churchill Downs worth $239,619,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Churchill Downs by 127.2% during the 4th quarter. Blue Trust Inc. now owns 184 shares of the company's stock valued at $25,000 after acquiring an additional 103 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Churchill Downs during the 3rd quarter valued at $27,000. Fortitude Family Office LLC raised 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 valued at $34,000 after purchasing an additional 246 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Churchill Downs during the 4th quarter valued at $55,000. Finally, R Squared Ltd bought a new stake in Churchill Downs during the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 82.59% of the company's stock.
Churchill Downs Stock Up 0.1 %
NASDAQ:CHDN traded up $0.09 during mid-day trading on Friday, hitting $112.10. 925,264 shares of the company's stock traded hands, compared to its average volume of 471,462. The company has a fifty day moving average of $119.19 and a 200 day moving average of $131.19. Churchill Downs Incorporated has a twelve month low of $105.18 and a twelve month high of $150.21. The company has a market capitalization of $8.24 billion, a P/E ratio of 19.74, a P/E/G ratio of 2.95 and a beta of 0.93. The company has a debt-to-equity ratio of 4.47, a quick ratio of 0.55 and a current ratio of 0.57.
Churchill Downs (NASDAQ:CHDN - Get Free Report) last announced 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). Churchill Downs had a net margin of 15.61% and a return on equity of 43.67%. The business had revenue of $624.20 million for the quarter, compared to analyst estimates of $620.21 million. On average, analysts forecast that Churchill Downs Incorporated will post 6.92 EPS for the current year.
Churchill Downs Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.21%. Churchill Downs's dividend payout ratio is currently 7.04%.
Churchill Downs announced that its board has authorized a stock buyback plan on Wednesday, March 12th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on CHDN shares. JMP Securities reaffirmed a "market outperform" rating and set a $166.00 target price on shares of Churchill Downs in a research report on Thursday, January 16th. StockNews.com raised Churchill Downs from a "sell" rating to a "hold" rating in a research report on Wednesday. Stifel Nicolaus decreased their target price on Churchill Downs from $164.00 to $161.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Wells Fargo & Company decreased their target price on Churchill Downs from $165.00 to $158.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Finally, Mizuho decreased their target price on Churchill Downs from $151.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $159.38.
Get Our Latest Stock Analysis on Churchill Downs
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.
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
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
