Shares of Churchill Downs, Incorporated (NASDAQ:CHDN – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $139.00.
CHDN has been the subject of a number of research analyst reports. Truist Financial set a $145.00 target price on Churchill Downs in a report on Friday, June 12th. Weiss Ratings downgraded Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $130.00 price objective (up from $124.00) on shares of Churchill Downs in a research report on Thursday, April 16th. Citigroup reiterated an “outperform” rating on shares of Churchill Downs in a report on Friday, April 24th. Finally, Citizens Jmp lifted their price objective on Churchill Downs from $146.00 to $149.00 and gave the stock a “market outperform” rating in a report on Friday, April 24th.
Check Out Our Latest Research Report on Churchill Downs
Churchill Downs Stock Performance
Churchill Downs (NASDAQ:CHDN – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. The company had revenue of $663.00 million during the quarter, compared to analyst estimates of $659.32 million. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 EPS. On average, equities research analysts expect that Churchill Downs will post 7.32 EPS for the current fiscal year.
Institutional Trading of Churchill Downs
Large investors have recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC bought a new position in Churchill Downs during the third quarter valued at approximately $25,000. Geneos Wealth Management Inc. boosted its holdings in Churchill Downs by 1,364.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after purchasing an additional 232 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Churchill Downs by 293.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 256 shares of the company’s stock worth $29,000 after purchasing an additional 191 shares during the period. Root Financial Partners LLC grew its position in Churchill Downs by 1,173.1% in the 1st quarter. Root Financial Partners LLC now owns 331 shares of the company’s stock worth $30,000 after purchasing an additional 305 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Churchill Downs during the 4th quarter valued at $38,000. 82.59% of the stock is currently owned by institutional investors.
Churchill Downs Company Profile
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.
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