Churchill Downs, Inc. (NASDAQ:CHDN) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. lessened its position in shares of Churchill Downs, Inc. (NASDAQ:CHDN) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,620 shares of the company’s stock after selling 1,000 shares during the quarter. Teton Advisors Inc. owned approximately 0.17% of Churchill Downs worth $8,011,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CHDN. Envestnet Asset Management Inc. grew its position in shares of Churchill Downs by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 8,416 shares of the company’s stock valued at $968,000 after purchasing an additional 86 shares during the period. Advisor Partners LLC grew its position in shares of Churchill Downs by 3.0% in the second quarter. Advisor Partners LLC now owns 3,434 shares of the company’s stock valued at $395,000 after purchasing an additional 99 shares during the period. Shine Investment Advisory Services Inc. grew its position in shares of Churchill Downs by 14.1% in the second quarter. Shine Investment Advisory Services Inc. now owns 808 shares of the company’s stock valued at $93,000 after purchasing an additional 100 shares during the period. Aperio Group LLC grew its position in shares of Churchill Downs by 6.0% in the second quarter. Aperio Group LLC now owns 3,216 shares of the company’s stock valued at $370,000 after purchasing an additional 182 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Churchill Downs by 0.9% in the second quarter. Arizona State Retirement System now owns 25,675 shares of the company’s stock valued at $2,954,000 after purchasing an additional 220 shares during the period. Institutional investors own 70.63% of the company’s stock.

In other Churchill Downs news, SVP Austin W. Miller sold 5,900 shares of Churchill Downs stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $117.31, for a total transaction of $692,129.00. Following the completion of the sale, the senior vice president now directly owns 40,494 shares in the company, valued at $4,750,351.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.05% of the stock is owned by insiders.

CHDN has been the topic of several research analyst reports. ValuEngine lowered shares of Churchill Downs from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BidaskClub upgraded shares of Churchill Downs from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Telsey Advisory Group lifted their target price on shares of Churchill Downs from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, July 1st. Zacks Investment Research upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Finally, Jefferies Financial Group lifted their target price on shares of Churchill Downs from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $132.20.

Shares of NASDAQ:CHDN traded up $2.06 during midday trading on Friday, hitting $118.80. The company’s stock had a trading volume of 124,800 shares, compared to its average volume of 262,168. The business’s 50 day simple moving average is $118.48 and its 200 day simple moving average is $101.97. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $4.67 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 1.36 and a beta of 1.23. Churchill Downs, Inc. has a 12-month low of $74.58 and a 12-month high of $132.73.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.84 by ($0.01). The business had revenue of $477.40 million during the quarter, compared to analysts’ expectations of $469.85 million. Churchill Downs had a return on equity of 34.23% and a net margin of 15.76%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the business posted $7.71 earnings per share. On average, sell-side analysts predict that Churchill Downs, Inc. will post 4.29 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Churchill Downs (NASDAQ:CHDN)

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