Segall Bryant & Hamill LLC Sells 44,821 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Segall Bryant & Hamill LLC cut its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) by 19.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 188,358 shares of the company's stock after selling 44,821 shares during the quarter. Segall Bryant & Hamill LLC owned 0.26% of Churchill Downs worth $25,468,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors lifted its position in Churchill Downs by 7.5% in the 1st quarter. Capital International Investors now owns 2,560,653 shares of the company's stock valued at $316,881,000 after purchasing an additional 177,900 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Churchill Downs during the 2nd quarter valued at about $125,418,000. Boston Partners raised its position in shares of Churchill Downs by 4.4% during the 1st quarter. Boston Partners now owns 846,151 shares of the company's stock worth $104,723,000 after buying an additional 35,587 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Churchill Downs by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 634,319 shares of the company's stock worth $88,551,000 after acquiring an additional 3,608 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Churchill Downs by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 442,531 shares of the company's stock worth $61,782,000 after acquiring an additional 57,892 shares during the period. Institutional investors own 82.59% of the company's stock.

Churchill Downs Stock Up 0.2 %

NASDAQ:CHDN traded up $0.33 during trading hours on Wednesday, reaching $139.07. The company's stock had a trading volume of 78,269 shares, compared to its average volume of 436,101. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 3.85 and a beta of 0.96. Churchill Downs Incorporated has a one year low of $111.10 and a one year high of $150.21. The business's 50-day moving average is $138.98 and its 200-day moving average is $137.92. The company has a debt-to-equity ratio of 4.35, a current ratio of 0.55 and a quick ratio of 0.55.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.01. The firm had revenue of $628.50 million during the quarter, compared to analyst estimates of $627.90 million. Churchill Downs had a net margin of 15.45% and a return on equity of 45.48%. The business's revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. Equities research analysts predict that Churchill Downs Incorporated will post 5.86 EPS for the current year.

Churchill Downs Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given a $0.409 dividend. This is an increase from Churchill Downs's previous annual dividend of $0.38. This represents a yield of 0.29%. The ex-dividend date of this dividend is Friday, December 6th. Churchill Downs's payout ratio is currently 7.29%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Mizuho dropped their price objective on Churchill Downs from $157.00 to $151.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Churchill Downs from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their price objective on shares of Churchill Downs from $161.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Truist Financial restated a "buy" rating and issued a $165.00 target price (down from $166.00) on shares of Churchill Downs in a report on Friday, October 25th. Finally, JMP Securities restated a "market outperform" rating and set a $166.00 price target on shares of Churchill Downs in a report on Monday, October 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Churchill Downs has a consensus rating of "Moderate Buy" and a consensus price target of $160.88.

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.