Wells Fargo & Company Lowers Churchill Downs (NASDAQ:CHDN) Price Target to $165.00

Churchill Downs (NASDAQ:CHDN) had its target price dropped by research analysts at Wells Fargo & Company from $168.00 to $165.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 35.51% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. JMP Securities restated a “market outperform” rating and issued a $166.00 target price on shares of Churchill Downs in a research note on Thursday, January 16th. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Truist Financial reissued a “buy” rating and set a $165.00 price objective (down from $166.00) on shares of Churchill Downs in a report on Friday, October 25th. Finally, Mizuho lowered their price target on Churchill Downs from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Churchill Downs has a consensus rating of “Moderate Buy” and an average price target of $160.50.

Churchill Downs Trading Down 0.5 %

NASDAQ:CHDN opened at $121.76 on Monday. Churchill Downs has a 12 month low of $111.10 and a 12 month high of $150.21. The company’s 50 day moving average is $129.84 and its 200-day moving average is $135.57. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 3.05 and a beta of 0.95. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 4.35.

Institutional Investors Weigh In On Churchill Downs

Several large investors have recently made changes to their positions in CHDN. Blue Trust Inc. boosted 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 buying an additional 103 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Churchill Downs in the third quarter worth $27,000. Fortitude Family Office LLC increased its position in shares of Churchill Downs by 2,733.3% in the fourth quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $34,000 after purchasing an additional 246 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Churchill Downs in the fourth quarter worth $55,000. Finally, R Squared Ltd acquired a new stake in Churchill Downs in the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

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.