Churchill Downs Inc. (NASDAQ:CHDN) Director Robert L. Evans sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $155.07, for a total transaction of $775,350.00. Following the completion of the sale, the director now directly owns 164,194 shares of the company’s stock, valued at approximately $25,461,563.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Churchill Downs Inc. (NASDAQ:CHDN) opened at 155.80 on Wednesday. The firm has a market cap of $2.55 billion, a P/E ratio of 29.92 and a beta of 0.69. Churchill Downs Inc. has a 12-month low of $118.76 and a 12-month high of $157.15. The firm’s 50-day moving average price is $142.70 and its 200 day moving average price is $137.65.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.95 by $0.43. The business had revenue of $303.40 million for the quarter, compared to analyst estimates of $301.86 million. Churchill Downs had a return on equity of 13.60% and a net margin of 6.82%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. On average, equities analysts expect that Churchill Downs Inc. will post $5.68 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Churchill Downs (NASDAQ:CHDN)

The firm also recently declared an annual dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 2nd will be given a dividend of $1.32 per share. The ex-dividend date is Wednesday, November 30th. This represents a dividend yield of 0.97%. This is a positive change from Churchill Downs’s previous annual dividend of $1.15. Churchill Downs’s dividend payout ratio (DPR) is currently 22.03%.

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CHDN has been the topic of several research reports. Zacks Investment Research upgraded shares of Churchill Downs from a “hold” rating to a “strong-buy” rating and set a $167.00 price target on the stock in a research report on Wednesday, October 5th. Telsey Advisory Group dropped their price target on shares of Churchill Downs from $176.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, October 31st. JPMorgan Chase & Co. initiated coverage on shares of Churchill Downs in a research report on Thursday, September 22nd. They issued a “neutral” rating and a $160.00 price target on the stock. Imperial Capital reiterated an “outperform” rating and issued a $165.00 price target (up from $145.00) on shares of Churchill Downs in a research report on Friday, October 14th. Finally, Gabelli upgraded shares of Churchill Downs from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Churchill Downs presently has an average rating of “Buy” and a consensus price target of $159.33.

Several large investors have recently added to or reduced their stakes in CHDN. Victory Capital Management Inc. acquired a new stake in Churchill Downs during the third quarter worth approximately $123,000. Bruderman Asset Management LLC acquired a new stake in Churchill Downs during the second quarter worth approximately $140,000. Advantus Capital Management Inc acquired a new stake in Churchill Downs during the second quarter worth approximately $184,000. Genesee Valley Trust Co. acquired a new stake in Churchill Downs during the third quarter worth approximately $200,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Churchill Downs during the second quarter worth approximately $202,000. 69.98% of the stock is currently owned by institutional investors.

About Churchill Downs

Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company operates in six segments: Racing, Casinos, TwinSpires, Big Fish Games, Inc (Big Fish Games), Other Investments and Corporate. The racing segment includes its four trace tracks: Churchill Downs Racetrack, Arlington International Race Course, Fair Grounds Race Course and Calder Race Course.

5 Day Chart for NASDAQ:CHDN

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