Natixis Advisors LLC Acquires 2,763 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Natixis Advisors LLC boosted its holdings in shares of Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,650 shares of the company's stock after acquiring an additional 2,763 shares during the period. Natixis Advisors LLC owned approximately 0.17% of Churchill Downs worth $16,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Commerce Bank increased its stake in Churchill Downs by 1.8% in 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 during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Churchill Downs by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,400 shares of the company's stock worth $2,724,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Churchill Downs by 127.2% in 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 in the last quarter. Arizona State Retirement System increased its position in shares of Churchill Downs by 0.6% in the fourth quarter. Arizona State Retirement System now owns 19,165 shares of the company's stock valued at $2,559,000 after acquiring an additional 116 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Churchill Downs by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 2,252 shares of the company's stock worth $301,000 after acquiring an additional 120 shares in the last quarter. 82.59% of the stock is currently owned by institutional investors.

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Churchill Downs Stock Performance

Shares of CHDN traded up $0.09 during trading hours on Friday, hitting $112.10. The company had a trading volume of 925,264 shares, compared to its average volume of 470,940. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 2.95 and a beta of 0.93. 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 business has a fifty day moving average of $119.19 and a 200-day moving average of $131.23. Churchill Downs Incorporated has a 12 month low of $105.18 and a 12 month high of $150.21.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.92 earnings per share 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 company had revenue of $624.20 million during the quarter, compared to the consensus estimate of $620.21 million. Equities analysts anticipate that Churchill Downs Incorporated will post 6.92 EPS for the current fiscal year.

Churchill Downs Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.21%. Churchill Downs's payout ratio is currently 7.04%.

Churchill Downs declared that its board has authorized a stock repurchase program 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 programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHDN. Wells Fargo & Company decreased their price target on Churchill Downs from $165.00 to $158.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. JMP Securities reissued a "market outperform" rating and issued a $166.00 target price on shares of Churchill Downs in a research note on Thursday, January 16th. Mizuho dropped their price target on shares of Churchill Downs from $151.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus cut their price target on shares of Churchill Downs from $164.00 to $161.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, StockNews.com upgraded shares of Churchill Downs from a "sell" rating to a "hold" rating in a research note on Wednesday. One 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $159.38.

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.