Rep. James Comer Sells Off Shares of Churchill Downs, Incorporated (NASDAQ:CHDN)

Representative James Comer (R-Kentucky) recently sold shares of Churchill Downs, Incorporated (NASDAQ:CHDN). In a filing disclosed on August 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Churchill Downs stock on July 3rd.

Representative James Comer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Marvell Technology (NASDAQ:MRVL) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of VeriSign (NASDAQ:VRSN) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Dover (NYSE:DOV) on 7/3/2025.

Churchill Downs Price Performance

Shares of CHDN opened at $103.57 on Thursday. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 1.91 and a beta of 0.95. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.60 and a current ratio of 0.60. Churchill Downs, Incorporated has a one year low of $85.58 and a one year high of $150.21. The stock’s fifty day moving average is $103.50 and its 200-day moving average is $105.71.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.07. The company had revenue of $934.40 million for the quarter, compared to analyst estimates of $924.36 million. Churchill Downs had a return on equity of 41.46% and a net margin of 15.22%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $2.89 earnings per share. Equities analysts anticipate that Churchill Downs, Incorporated will post 6.92 EPS for the current year.

Hedge Funds Weigh In On Churchill Downs

Institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. increased its stake in Churchill Downs by 1,364.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after purchasing an additional 232 shares in the last quarter. Elequin Capital LP purchased a new position in Churchill Downs in the 1st quarter worth about $29,000. MAI Capital Management increased its stake in Churchill Downs by 306.9% in the 2nd quarter. MAI Capital Management now owns 293 shares of the company’s stock worth $30,000 after purchasing an additional 221 shares in the last quarter. Signaturefd LLC increased its stake in Churchill Downs by 161.1% in the 2nd quarter. Signaturefd LLC now owns 329 shares of the company’s stock worth $33,000 after purchasing an additional 203 shares in the last quarter. Finally, Huntington National Bank increased its stake in Churchill Downs by 534.3% in the 2nd quarter. Huntington National Bank now owns 425 shares of the company’s stock worth $43,000 after purchasing an additional 358 shares in the last quarter. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CHDN shares. Truist Financial lowered their price target on Churchill Downs from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, July 16th. Susquehanna boosted their price target on shares of Churchill Downs from $121.00 to $126.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a research report on Thursday, April 24th. Jefferies Financial Group dropped their price target on shares of Churchill Downs from $160.00 to $127.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. began coverage on shares of Churchill Downs in a research report on Monday, June 23rd. They issued an “overweight” rating and a $116.00 price target on the stock. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $136.50.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky’s 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2027.

Comer (Republican Party) is running for re-election to the U.S. House to represent Kentucky’s 1st Congressional District. He declared candidacy for the 2026 election.

Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

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.