Churchill Downs, Incorporated (NASDAQ:CHDN) Director Robert L. Evans sold 5,000 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $198.25, for a total value of $991,250.00. Following the completion of the sale, the director now owns 90,878 shares in the company, valued at approximately $18,016,563.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Churchill Downs, Incorporated (NASDAQ CHDN) opened at 199.10 on Wednesday. The stock’s 50 day moving average price is $191.88 and its 200-day moving average price is $173.65. The company has a market cap of $3.21 billion, a P/E ratio of 27.21 and a beta of 0.88. Churchill Downs, Incorporated has a 52-week low of $131.70 and a 52-week high of $202.19.

Churchill Downs, (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $4.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.51 by $0.30. The firm had revenue of $451.90 million for the quarter, compared to the consensus estimate of $439.33 million. Churchill Downs, had a return on equity of 15.83% and a net margin of 9.22%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.11 EPS. On average, equities analysts predict that Churchill Downs, Incorporated will post $6.79 earnings per share for the current fiscal year.

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A number of research firms have weighed in on CHDN. BidaskClub upgraded Churchill Downs, from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research raised Churchill Downs, from a “hold” rating to a “strong-buy” rating and set a $215.00 price target on the stock in a research report on Tuesday, August 1st. Imperial Capital reissued a “buy” rating on shares of Churchill Downs, in a research report on Sunday, July 30th. Finally, Telsey Advisory Group increased their price target on Churchill Downs, from $180.00 to $182.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Churchill Downs, has a consensus rating of “Buy” and a consensus price target of $191.25.

Hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. raised its holdings in shares of Churchill Downs, by 7.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 64,817 shares of the company’s stock valued at $10,297,000 after buying an additional 4,227 shares during the period. Keybank National Association OH raised its holdings in shares of Churchill Downs, by 20.0% in the 2nd quarter. Keybank National Association OH now owns 7,800 shares of the company’s stock valued at $1,430,000 after buying an additional 1,300 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Churchill Downs, by 2.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 4,432 shares of the company’s stock valued at $704,000 after buying an additional 100 shares during the period. Legal & General Group Plc raised its holdings in shares of Churchill Downs, by 32.5% in the 1st quarter. Legal & General Group Plc now owns 8,417 shares of the company’s stock valued at $1,336,000 after buying an additional 2,066 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Churchill Downs, by 23,504.2% in the 1st quarter. BlackRock Inc. now owns 1,301,301 shares of the company’s stock valued at $206,713,000 after buying an additional 1,295,788 shares during the period. Hedge funds and other institutional investors own 73.84% of the company’s stock.

Churchill Downs, Company Profile

Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.

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

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