K.J. Harrison & Partners Inc Has $2.07 Million Stake in Churchill Downs Incorporated (NASDAQ:CHDN)

K.J. Harrison & Partners Inc lifted its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,350 shares of the company’s stock after acquiring an additional 350 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Churchill Downs were worth $2,071,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Churchill Downs during the fourth quarter worth $66,000. Covestor Ltd increased its holdings in shares of Churchill Downs by 44.0% during the third quarter. Covestor Ltd now owns 848 shares of the company’s stock valued at $98,000 after acquiring an additional 259 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Churchill Downs by 15.1% during the fourth quarter. Fifth Third Bancorp now owns 1,437 shares of the company’s stock worth $194,000 after purchasing an additional 189 shares during the period. Total Clarity Wealth Management Inc. bought a new position in shares of Churchill Downs in the 3rd quarter worth $208,000. Finally, ARS Wealth Advisors Group LLC acquired a new stake in Churchill Downs in the 3rd quarter valued at $209,000. 82.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHDN has been the topic of a number of analyst reports. JMP Securities restated a “market outperform” rating and issued a $150.00 target price on shares of Churchill Downs in a report on Wednesday, April 10th. Wells Fargo & Company upgraded Churchill Downs from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $137.00 to $141.00 in a report on Monday, April 15th. Stifel Nicolaus upped their price target on Churchill Downs from $150.00 to $153.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial lifted their price objective on shares of Churchill Downs from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday. Finally, Mizuho increased their target price on shares of Churchill Downs from $142.00 to $143.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat, Churchill Downs has a consensus rating of “Moderate Buy” and a consensus price target of $144.50.

Churchill Downs Stock Performance

CHDN traded up $0.21 during trading on Friday, hitting $129.44. 564,088 shares of the company traded hands, compared to its average volume of 388,341. The firm has a market cap of $9.54 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 8.59 and a beta of 1.03. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.34. Churchill Downs Incorporated has a one year low of $106.45 and a one year high of $150.45. The stock’s fifty day moving average is $119.79 and its 200 day moving average is $120.64.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.35. Churchill Downs had a net margin of 13.72% and a return on equity of 44.33%. The company had revenue of $590.90 million during the quarter, compared to analyst estimates of $565.41 million. During the same quarter last year, the business posted $0.98 EPS. Churchill Downs’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts predict that Churchill Downs Incorporated will post 5.48 EPS for the current fiscal year.

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; and casino gaming.