Churchill Downs Incorporated (NASDAQ:CHDN - Get Free Report) shares reached a new 52-week low on Friday . The stock traded as low as $110.86 and last traded at $111.49, with a volume of 126384 shares changing hands. The stock had previously closed at $113.20.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. JMP Securities restated a "market outperform" rating and issued a $166.00 target price on shares of Churchill Downs in a report on Thursday, January 16th. Mizuho dropped their price target on Churchill Downs from $151.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus reduced their price objective 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. Finally, Wells Fargo & Company dropped their target price on Churchill Downs from $165.00 to $158.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Churchill Downs presently has a consensus rating of "Moderate Buy" and an average price target of $159.38.
Read Our Latest Stock Analysis on Churchill Downs
Churchill Downs Stock Down 1.5 %
The company has a fifty day simple moving average of $122.94 and a 200-day simple moving average of $132.90. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 4.47. The firm has a market cap of $7.94 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.93.
Churchill Downs (NASDAQ:CHDN - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $0.98 by ($0.06). The firm had revenue of $624.20 million for the quarter, compared to the consensus estimate of $620.21 million. Churchill Downs had a return on equity of 43.67% and a net margin of 15.61%. On average, equities analysts anticipate that Churchill Downs Incorporated will post 6.92 earnings per share for the current year.
Institutional Investors Weigh In On Churchill Downs
Institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its stake in shares of Churchill Downs by 13.3% in the third quarter. Venturi Wealth Management LLC now owns 767 shares of the company's stock worth $104,000 after acquiring an additional 90 shares during the period. Winslow Asset Management Inc. boosted its stake in Churchill Downs by 2.8% in the 3rd quarter. Winslow Asset Management Inc. now owns 3,280 shares of the company's stock worth $443,000 after purchasing an additional 90 shares during the period. Commerce Bank grew its holdings in Churchill Downs by 1.8% during the 3rd quarter. Commerce Bank now owns 5,072 shares of the company's stock valued at $686,000 after buying an additional 90 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Churchill Downs by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 20,400 shares of the company's stock valued at $2,724,000 after buying an additional 100 shares during the last quarter. Finally, Utah Retirement Systems lifted its holdings in shares of Churchill Downs by 2.7% in the fourth quarter. Utah Retirement Systems now owns 3,800 shares of the company's stock worth $507,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 82.59% of the company's stock.
Churchill Downs Company Profile
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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
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