Churchill Downs, Incorporated (CHDN) Price Target Increased to $209.00 by Analysts at Telsey Advisory Group
Churchill Downs, Incorporated (NASDAQ:CHDN) had its price target boosted by Telsey Advisory Group from $196.00 to $209.00 in a research report report published on Thursday. They currently have a market perform rating on the stock.
A number of other research firms have also weighed in on CHDN. Zacks Investment Research lowered shares of Churchill Downs, from a buy rating to a hold rating in a research note on Tuesday. BidaskClub upgraded shares of Churchill Downs, from a hold rating to a buy rating in a research note on Saturday, August 5th. Finally, Imperial Capital raised their price objective on shares of Churchill Downs, from $184.00 to $208.00 and gave the company an outperform rating in a research note on Friday, July 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Churchill Downs, currently has an average rating of Hold and a consensus price target of $210.67.
Churchill Downs, (NASDAQ:CHDN) traded up 0.17% during midday trading on Thursday, hitting $208.65. 35,396 shares of the stock traded hands. The stock has a market capitalization of $3.36 billion, a P/E ratio of 28.52 and a beta of 0.86. The stock’s 50-day moving average price is $201.36 and its 200-day moving average price is $181.88. Churchill Downs, has a 52 week low of $131.70 and a 52 week high of $209.65.
Churchill Downs, (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.30. Churchill Downs, had a net margin of 9.22% and a return on equity of 15.83%. The company had revenue of $451.90 million during the quarter, compared to analysts’ expectations of $439.33 million. During the same period last year, the company posted $4.11 EPS. Churchill Downs,’s revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Churchill Downs, will post $6.75 EPS for the current fiscal year.
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In other Churchill Downs, news, Director Robert L. Evans sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $198.25, for a total transaction of $991,250.00. Following the completion of the sale, the director now directly owns 90,878 shares in the company, valued at approximately $18,016,563.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 18.44% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CHDN. BlackRock Inc. increased its stake in Churchill Downs, by 23,504.2% during the 1st quarter. BlackRock Inc. now owns 1,301,301 shares of the company’s stock valued at $206,713,000 after purchasing an additional 1,295,788 shares in the last quarter. FMR LLC increased its stake in Churchill Downs, by 25.7% during the 1st quarter. FMR LLC now owns 737,671 shares of the company’s stock valued at $117,179,000 after purchasing an additional 150,623 shares in the last quarter. Cypress Funds LLC bought a new stake in Churchill Downs, during the 2nd quarter valued at about $22,271,000. UBS Group AG increased its stake in Churchill Downs, by 1,376.3% during the 1st quarter. UBS Group AG now owns 86,377 shares of the company’s stock valued at $13,721,000 after purchasing an additional 80,526 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in Churchill Downs, during the 2nd quarter valued at about $13,663,000. Institutional investors and hedge funds 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.
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