Proficio Capital Partners LLC Makes New $1.93 Million Investment in Churchill Downs Incorporated (NASDAQ:CHDN)

Proficio Capital Partners LLC acquired a new stake in Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,433 shares of the company's stock, valued at approximately $1,927,000.

Several other hedge funds also recently bought and sold shares of CHDN. Westfield Capital Management Co. LP boosted its position in shares of Churchill Downs by 100.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 763,561 shares of the company's stock valued at $103,241,000 after acquiring an additional 381,754 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Churchill Downs during the third quarter valued at approximately $18,368,000. State Street Corp grew its stake in Churchill Downs by 5.8% in the 3rd quarter. State Street Corp now owns 2,078,031 shares of the company's stock worth $280,971,000 after buying an additional 114,018 shares in the last quarter. WCM Investment Management LLC bought a new position in shares of Churchill Downs in the 3rd quarter worth $15,231,000. Finally, Geode Capital Management LLC increased its holdings in shares of Churchill Downs by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,299,442 shares of the company's stock worth $175,742,000 after buying an additional 96,910 shares during the last quarter. Hedge funds and other institutional investors own 82.59% of the company's stock.

Churchill Downs Trading Down 2.2 %

Shares of Churchill Downs stock traded down $2.44 during trading on Monday, reaching $109.56. 769,925 shares of the stock were exchanged, compared to its average volume of 468,385. 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 $8.06 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.95 and a beta of 0.93. Churchill Downs Incorporated has a 1 year low of $108.29 and a 1 year high of $150.21. The stock's fifty day moving average is $123.43 and its 200 day moving average is $133.09.

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Churchill Downs (NASDAQ:CHDN - Get Free Report) last released its quarterly earnings data 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 return on equity of 43.67% and a net margin of 15.61%. The business had revenue of $624.20 million during the quarter, compared to analysts' expectations of $620.21 million. As a group, equities research analysts expect that Churchill Downs Incorporated will post 6.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Mizuho cut their target price on shares of Churchill Downs from $151.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Stifel Nicolaus cut their price objective on Churchill Downs from $164.00 to $161.00 and set a "buy" rating for the company in a report on Friday, February 21st. Wells Fargo & Company decreased their price objective on Churchill Downs from $165.00 to $158.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $166.00 target price on shares of Churchill Downs in a research note on Thursday, January 16th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $159.38.

Churchill Downs 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.