Hantz Financial Services Inc. increased its position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN – Free Report) by 1,028.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,152 shares of the company’s stock after buying an additional 6,518 shares during the period. Hantz Financial Services Inc.’s holdings in Churchill Downs were worth $814,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CHDN. Measured Wealth Private Client Group LLC bought a new stake in shares of Churchill Downs during the 3rd quarter worth $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of Churchill Downs by 1,364.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after buying an additional 232 shares during the period. TFC Financial Management Inc. bought a new stake in shares of Churchill Downs during the 4th quarter worth $47,000. UMB Bank n.a. boosted its holdings in shares of Churchill Downs by 62.7% during the 3rd quarter. UMB Bank n.a. now owns 550 shares of the company’s stock worth $53,000 after buying an additional 212 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of Churchill Downs by 66.4% during the 3rd quarter. Huntington National Bank now owns 707 shares of the company’s stock worth $69,000 after buying an additional 282 shares during the period. 82.59% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several analysts recently issued reports on CHDN shares. Citizens Jmp upped their price objective on shares of Churchill Downs from $146.00 to $149.00 and gave the stock a “market outperform” rating in a report on Friday, April 24th. Jefferies Financial Group reiterated a “buy” rating on shares of Churchill Downs in a research note on Tuesday, April 21st. Wells Fargo & Company reiterated an “overweight” rating and set a $130.00 target price (up from $124.00) on shares of Churchill Downs in a research note on Thursday, April 16th. Mizuho upped their target price on shares of Churchill Downs from $146.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings cut shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Eleven analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $139.00.
Churchill Downs Price Performance
NASDAQ:CHDN opened at $88.43 on Friday. The stock has a market cap of $6.16 billion, a P/E ratio of 16.38, a PEG ratio of 0.57 and a beta of 0.73. Churchill Downs, Incorporated has a one year low of $80.24 and a one year high of $118.46. The company has a fifty day moving average price of $89.46 and a 200 day moving average price of $97.90. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.54 and a quick ratio of 0.54.
Churchill Downs (NASDAQ:CHDN – Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. The firm had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $659.32 million. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. Analysts anticipate that Churchill Downs, Incorporated will post 7.32 earnings per share for the current year.
About Churchill Downs
Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.
In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.
Further Reading
- Five stocks we like better than Churchill Downs
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Want to see what other hedge funds are holding CHDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Churchill Downs, Incorporated (NASDAQ:CHDN – Free Report).
Receive News & Ratings for Churchill Downs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Churchill Downs and related companies with MarketBeat.com's FREE daily email newsletter.
