Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Churchill Downs, Incorporated (NASDAQ:CHDN – Free Report) by 29.2% during the first quarter, Holdings Channel.com reports. The fund owned 38,078 shares of the company’s stock after buying an additional 8,604 shares during the period. Churchill Downs accounts for approximately 1.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 24th largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Churchill Downs were worth $3,421,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of CHDN. Geneos Wealth Management Inc. grew its stake in Churchill Downs by 1,364.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock valued at $28,000 after purchasing an additional 232 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Churchill Downs during the 3rd quarter worth approximately $25,000. Parkside Financial Bank & Trust raised its stake in shares of Churchill Downs by 293.8% during 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 in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Churchill Downs in the 4th quarter valued at approximately $38,000. Finally, TFC Financial Management Inc. acquired a new stake in shares of Churchill Downs in the 4th quarter valued at approximately $47,000. Institutional investors own 82.59% of the company’s stock.
Wall Street Analyst Weigh In
CHDN has been the topic of a number of recent analyst reports. Mizuho boosted their target price on shares of Churchill Downs from $146.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Wells Fargo & Company reiterated 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. Weiss Ratings downgraded shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Citigroup reissued an “outperform” rating on shares of Churchill Downs in a research report on Friday, April 24th. Finally, Truist Financial set a $145.00 target price on shares of Churchill Downs in a report on Friday, June 12th. Eleven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Churchill Downs has a consensus rating of “Moderate Buy” and a consensus target price of $139.00.
Churchill Downs Stock Performance
CHDN opened at $88.27 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.44. Churchill Downs, Incorporated has a 12-month low of $80.24 and a 12-month high of $118.46. The business has a 50 day moving average of $89.69 and a 200-day moving average of $96.08. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 0.58 and a beta of 0.68.
Churchill Downs (NASDAQ:CHDN – Get Free Report) last posted its earnings results 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. Churchill Downs had a return on equity of 43.50% and a net margin of 13.21%.The business had revenue of $663.00 million for the quarter, compared to analyst estimates of $659.32 million. During the same period in the previous year, the firm earned $1.07 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts expect 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.
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