Churchill Downs, Incorporated (NASDAQ:CHDN) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL increased its stake in Churchill Downs, Incorporated (NASDAQ:CHDN) by 7.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,345 shares of the company’s stock after purchasing an additional 288 shares during the quarter. Blair William & Co. IL’s holdings in Churchill Downs were worth $483,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Argent Trust Co grew its stake in shares of Churchill Downs by 22.0% in the first quarter. Argent Trust Co now owns 5,539 shares of the company’s stock valued at $615,000 after buying an additional 1,000 shares in the last quarter. Bank of Nova Scotia acquired a new stake in shares of Churchill Downs in the first quarter valued at about $2,421,000. R Squared Ltd grew its stake in shares of Churchill Downs by 553.7% in the first quarter. R Squared Ltd now owns 2,680 shares of the company’s stock valued at $298,000 after buying an additional 2,270 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Churchill Downs in the first quarter valued at about $1,114,000. Finally, XTX Topco Ltd acquired a new stake in shares of Churchill Downs in the first quarter valued at about $3,044,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Churchill Downs Trading Down 0.4%

NASDAQ:CHDN opened at $100.45 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 4.74. The business’s 50 day moving average is $103.19 and its two-hundred day moving average is $105.75. Churchill Downs, Incorporated has a 52 week low of $85.58 and a 52 week high of $150.21. The company has a market cap of $7.04 billion, a PE ratio of 17.26, a P/E/G ratio of 1.89 and a beta of 0.95.

Churchill Downs (NASDAQ:CHDN) last released its earnings results on Wednesday, July 23rd. The company reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $3.03 by $0.07. Churchill Downs had a return on equity of 41.46% and a net margin of 15.22%. The company had revenue of $934.40 million for the quarter, compared to the consensus estimate of $924.36 million. During the same quarter last year, the business posted $2.89 EPS. Churchill Downs’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that Churchill Downs, Incorporated will post 6.92 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CHDN. Stifel Nicolaus increased their target price on Churchill Downs from $130.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Truist Financial reduced their price target on Churchill Downs from $150.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, July 16th. Jefferies Financial Group reduced their price target on Churchill Downs from $160.00 to $127.00 and set a “buy” rating for the company in a report on Friday, April 25th. Wall Street Zen raised Churchill Downs from a “sell” rating to a “hold” rating in a report on Thursday, April 24th. Finally, Susquehanna increased their price target on Churchill Downs from $121.00 to $126.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.18.

About Churchill Downs

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.