CHDN has been the topic of a number of other reports. BidaskClub raised shares of Churchill Downs from a buy rating to a strong-buy rating in a research note on Wednesday, February 27th. Zacks Investment Research cut shares of Churchill Downs from a buy rating to a hold rating in a research note on Wednesday, January 16th. Jefferies Financial Group set a $106.00 price objective on shares of Churchill Downs and gave the company a buy rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. set a $105.00 price objective on shares of Churchill Downs and gave the company a hold rating in a research note on Friday, March 1st. Finally, Telsey Advisory Group reiterated a market perform rating and issued a $93.00 target price (down from $280.00) on shares of Churchill Downs in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Churchill Downs presently has a consensus rating of Hold and a consensus target price of $104.42.
CHDN opened at $95.21 on Tuesday. Churchill Downs has a one year low of $74.58 and a one year high of $104.87. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.22. The company has a market cap of $3.85 billion, a PE ratio of 24.27, a P/E/G ratio of 1.09 and a beta of 1.21.
In other news, Director R Alex Rankin bought 500 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of $101.83 per share, for a total transaction of $50,915.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karole Lloyd bought 1,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was purchased at an average price of $85.22 per share, for a total transaction of $85,220.00. The disclosure for this purchase can be found here. Company insiders own 13.05% of the company’s stock.
Several large investors have recently modified their holdings of CHDN. BlackRock Inc. raised its holdings in shares of Churchill Downs by 203.0% during the first quarter. BlackRock Inc. now owns 4,077,620 shares of the company’s stock worth $368,046,000 after acquiring an additional 2,731,814 shares during the period. Northern Trust Corp raised its holdings in shares of Churchill Downs by 203.2% during the first quarter. Northern Trust Corp now owns 582,186 shares of the company’s stock worth $52,548,000 after acquiring an additional 390,161 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Churchill Downs by 154.2% during the first quarter. Acadian Asset Management LLC now owns 615,395 shares of the company’s stock worth $55,547,000 after acquiring an additional 373,260 shares during the period. Geode Capital Management LLC raised its holdings in shares of Churchill Downs by 216.9% during the first quarter. Geode Capital Management LLC now owns 476,658 shares of the company’s stock worth $43,022,000 after acquiring an additional 326,228 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Churchill Downs by 201.3% during the first quarter. Dimensional Fund Advisors LP now owns 388,442 shares of the company’s stock worth $35,059,000 after acquiring an additional 259,529 shares during the period. Institutional investors and hedge funds own 29.47% of the company’s stock.
About Churchill Downs
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
Featured Article: How to calculate the annual rate of depreciation
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.