Churchill Downs (NASDAQ:CHDN - Get Free Report)'s stock had its "market outperform" rating reaffirmed by stock analysts at JMP Securities in a research report issued on Monday, Benzinga reports. They currently have a $166.00 price objective on the stock. JMP Securities' price target indicates a potential upside of 19.69% from the company's previous close.
Several other analysts have also issued reports on the company. Mizuho upped their target price on Churchill Downs from $143.00 to $157.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Bank of America raised shares of Churchill Downs from a "neutral" rating to a "buy" rating and raised their target price for the company from $145.00 to $155.00 in a research note on Monday, August 12th. Jefferies Financial Group boosted their target price on shares of Churchill Downs from $153.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 11th. Truist Financial reiterated a "buy" rating and issued a $166.00 price target (up previously from $165.00) on shares of Churchill Downs in a research note on Friday, July 26th. Finally, Macquarie boosted their price objective on shares of Churchill Downs from $154.00 to $162.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $158.33.
Read Our Latest Stock Analysis on CHDN
Churchill Downs Stock Down 0.3 %
Churchill Downs stock traded down $0.38 during midday trading on Monday, reaching $138.69. The stock had a trading volume of 399,156 shares, compared to its average volume of 429,269. The stock has a market capitalization of $10.19 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The firm's fifty day simple moving average is $137.14 and its 200-day simple moving average is $134.95. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.57 and a current ratio of 0.57. Churchill Downs has a 1-year low of $106.45 and a 1-year high of $146.64.
Churchill Downs (NASDAQ:CHDN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $2.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.18. The company had revenue of $890.70 million for the quarter, compared to the consensus estimate of $858.59 million. Churchill Downs had a net margin of 15.61% and a return on equity of 47.53%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $2.24 earnings per share. As a group, analysts expect that Churchill Downs will post 6.13 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Churchill Downs by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,726,402 shares of the company's stock valued at $907,593,000 after purchasing an additional 37,065 shares during the last quarter. Capital International Investors lifted its holdings in shares of Churchill Downs by 7.5% during the first quarter. Capital International Investors now owns 2,560,653 shares of the company's stock worth $316,881,000 after buying an additional 177,900 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Churchill Downs in the second quarter valued at about $125,418,000. Jennison Associates LLC grew its stake in shares of Churchill Downs by 5.6% in the first quarter. Jennison Associates LLC now owns 847,847 shares of the company's stock valued at $104,921,000 after acquiring an additional 44,773 shares in the last quarter. Finally, Boston Partners increased its position in Churchill Downs by 4.4% during the first quarter. Boston Partners now owns 846,151 shares of the company's stock worth $104,723,000 after acquiring an additional 35,587 shares during the period. Institutional investors and hedge funds own 82.59% of the company's stock.
About Churchill Downs
(
Get 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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