Churchill Downs (NASDAQ:CHDN) Rating Reiterated by Truist Financial

Truist Financial restated their buy rating on shares of Churchill Downs (NASDAQ:CHDN - Free Report) in a research report released on Friday, Benzinga reports. Truist Financial currently has a $165.00 price objective on the stock, down from their previous price objective of $166.00.

Several other equities analysts have also issued reports on CHDN. StockNews.com upgraded Churchill Downs from a "sell" rating to a "hold" rating in a research report on Friday, August 2nd. Wells Fargo & Company upped their price target on shares of Churchill Downs from $161.00 to $168.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Macquarie raised their price objective on shares of Churchill Downs from $154.00 to $162.00 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 boosted their price objective for the company from $145.00 to $155.00 in a research report on Monday, August 12th. Finally, Mizuho lowered their target price on Churchill Downs from $157.00 to $151.00 and set an "outperform" rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $160.88.

Churchill Downs Trading Up 0.1 %

CHDN traded up $0.11 during mid-day trading on Friday, hitting $140.25. The stock had a trading volume of 945,299 shares, compared to its average volume of 431,248. The stock's fifty day simple moving average is $137.81 and its 200-day simple moving average is $135.84. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. Churchill Downs has a 1-year low of $106.45 and a 1-year high of $146.64. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.57 and a quick ratio of 0.57.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.96 by $0.01. Churchill Downs had a return on equity of 47.53% and a net margin of 15.61%. The business had revenue of $628.50 million for the quarter, compared to the consensus estimate of $627.90 million. During the same quarter last year, the business posted $0.87 EPS. The firm's revenue was up 9.8% compared to the same quarter last year. As a group, research analysts forecast that Churchill Downs will post 6.13 EPS for the current fiscal year.

Churchill Downs Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be issued a $0.409 dividend. This represents a yield of 0.29%. The ex-dividend date of this dividend is Friday, December 6th. This is a positive change from Churchill Downs's previous annual dividend of $0.38. Churchill Downs's dividend payout ratio (DPR) is 8.46%.

Institutional Trading of Churchill Downs

Several institutional investors have recently added to or reduced their stakes in CHDN. Kimelman & Baird LLC acquired a new position in shares of Churchill Downs during the 2nd quarter valued at $42,000. Central Pacific Bank Trust Division bought a new stake in shares of Churchill Downs in the 1st quarter worth $44,000. CWM LLC increased its stake in Churchill Downs by 36.8% in the 2nd quarter. CWM LLC now owns 439 shares of the company's stock valued at $61,000 after buying an additional 118 shares during the last quarter. UMB Bank n.a. increased its position in shares of Churchill Downs by 82.8% during the third quarter. UMB Bank n.a. now owns 563 shares of the company's stock valued at $76,000 after acquiring an additional 255 shares during the last quarter. Finally, Bank & Trust Co bought a new stake in shares of Churchill Downs during the 2nd quarter worth $84,000. 82.59% of the stock is currently owned by institutional investors.

Churchill Downs Company Profile

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.