SG Americas Securities LLC decreased its position in Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) by 68.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,269 shares of the company's stock after selling 4,891 shares during the period. SG Americas Securities LLC's holdings in Churchill Downs were worth $307,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of CHDN. Vanguard Group Inc. increased its position in shares of Churchill Downs by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,726,402 shares of the company's stock valued at $907,593,000 after acquiring an additional 37,065 shares during the last quarter. Capital International Investors boosted its holdings in shares of Churchill Downs by 7.5% in the 1st 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 during the last quarter. William Blair Investment Management LLC bought a new position in Churchill Downs during the second quarter valued at about $125,418,000. Jennison Associates LLC increased its holdings in Churchill Downs by 5.6% during the first quarter. Jennison Associates LLC now owns 847,847 shares of the company's stock worth $104,921,000 after buying an additional 44,773 shares during the last quarter. Finally, Boston Partners raised its position in Churchill Downs by 4.4% in 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 own 82.59% of the company's stock.
Churchill Downs Price Performance
CHDN stock traded down $2.59 during mid-day trading on Friday, reaching $138.01. 318,902 shares of the company traded hands, compared to its average volume of 426,304. The company has a fifty day moving average price of $137.79 and a 200-day moving average price of $135.41. Churchill Downs Incorporated has a 52-week low of $106.45 and a 52-week high of $146.64. The company has a market capitalization of $10.14 billion, a P/E ratio of 30.74, a P/E/G ratio of 2.06 and a beta of 0.97. 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, July 24th. The company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.71 by $0.18. Churchill Downs had a net margin of 15.61% and a return on equity of 47.53%. The company had revenue of $890.70 million during the quarter, compared to analysts' expectations of $858.59 million. During the same quarter in the previous year, the company earned $2.24 earnings per share. Churchill Downs's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts anticipate that Churchill Downs Incorporated will post 6.13 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Mizuho raised their price target on shares of Churchill Downs from $143.00 to $157.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. StockNews.com upgraded Churchill Downs from a "sell" rating to a "hold" rating in a research note on Friday, August 2nd. Truist Financial reiterated a "buy" rating and set a $166.00 price target (up previously from $165.00) on shares of Churchill Downs in a research note on Friday, July 26th. Stifel Nicolaus boosted their price objective on Churchill Downs from $153.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Finally, Jefferies Financial Group upped their price objective on shares of Churchill Downs from $153.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $161.75.
Get Our Latest Analysis on Churchill Downs
About Churchill Downs
(
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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