Sage Investment Advisers LLC bought a new stake in Churchill Downs, Incorporated (NASDAQ:CHDN – Free Report) during the 4th quarter, HoldingsChannel reports. The fund bought 20,335 shares of the company’s stock, valued at approximately $2,314,000. Churchill Downs makes up 1.7% of Sage Investment Advisers LLC’s holdings, making the stock its 20th biggest position.
Several other hedge funds have also recently bought and sold shares of CHDN. Norges Bank bought a new position in Churchill Downs in the 4th quarter valued at about $90,529,000. AQR Capital Management LLC increased its holdings in Churchill Downs by 22,974.8% in the 2nd quarter. AQR Capital Management LLC now owns 788,006 shares of the company’s stock valued at $79,352,000 after buying an additional 784,591 shares during the period. Alua Capital Management LP acquired a new stake in shares of Churchill Downs in the 3rd quarter valued at approximately $48,532,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Churchill Downs by 49.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,376,402 shares of the company’s stock valued at $133,525,000 after purchasing an additional 452,716 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of Churchill Downs by 16.3% in the 3rd quarter. Capital International Investors now owns 3,098,598 shares of the company’s stock valued at $300,595,000 after purchasing an additional 434,669 shares in the last quarter. 82.59% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of Churchill Downs in a research note on Tuesday, April 21st. Weiss Ratings downgraded shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Citizens Jmp raised their price target on shares of Churchill Downs from $146.00 to $149.00 and gave the company a “market outperform” rating in a research note on Friday, April 24th. Citigroup restated an “outperform” rating on shares of Churchill Downs in a research note on Friday, April 24th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $130.00 price target (up from $124.00) on shares of Churchill Downs in a research note on Thursday, April 16th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $139.00.
Churchill Downs Price Performance
Shares of NASDAQ CHDN opened at $87.21 on Monday. The company has a market capitalization of $6.08 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 0.58 and a beta of 0.68. Churchill Downs, Incorporated has a 52-week low of $80.24 and a 52-week high of $118.46. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.54 and a current ratio of 0.54. The company’s 50 day moving average price is $89.49 and its 200-day moving average price is $97.81.
Churchill Downs (NASDAQ:CHDN – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate 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%. Churchill Downs’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS. Equities analysts forecast that Churchill Downs, Incorporated will post 7.32 earnings per share for the current year.
Churchill Downs 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.
Further Reading
- Five stocks we like better than Churchill Downs
- Palantir Stock Faces Technical Pressure Despite Strong AI Growth
- These 3 CLO ETFs Target a Niche Corner of the Fixed-Income Market
- 3 Ways to Play the Data Center Land Grab
- The Smarter Way to Invest in AI Without Taking Extreme Risk
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.
