Truist Financial Increases Churchill Downs (NASDAQ:CHDN) Price Target to $145.00

Churchill Downs (NASDAQ:CHDN) had its price target upped by Truist Financial from $140.00 to $145.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on CHDN. Wells Fargo & Company raised Churchill Downs from an equal weight rating to an overweight rating and upped their target price for the stock from $137.00 to $141.00 in a research report on Monday, April 15th. Mizuho lifted their target price on shares of Churchill Downs from $142.00 to $143.00 and gave the stock a buy rating in a report on Friday. Finally, JMP Securities reaffirmed a market outperform rating and issued a $150.00 price target on shares of Churchill Downs in a research report on Wednesday, April 10th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $144.50.

Churchill Downs Stock Up 0.2 %

Shares of NASDAQ:CHDN opened at $129.44 on Friday. Churchill Downs has a 52 week low of $106.45 and a 52 week high of $150.45. The company has a debt-to-equity ratio of 5.88, a quick ratio of 0.53 and a current ratio of 0.50. The company has a market cap of $9.51 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 9.00 and a beta of 1.03. The firm has a 50 day simple moving average of $119.79 and a 200 day simple moving average of $120.64.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.35. The firm had revenue of $590.90 million during the quarter, compared to analysts’ expectations of $565.41 million. Churchill Downs had a net margin of 13.72% and a return on equity of 44.99%. Churchill Downs’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, research analysts expect that Churchill Downs will post 5.48 earnings per share for the current year.

Hedge Funds Weigh In On Churchill Downs

Hedge funds have recently made changes to their positions in the business. UMB Bank n.a. increased its position in shares of Churchill Downs by 59.8% during the 1st quarter. UMB Bank n.a. now owns 286 shares of the company’s stock worth $35,000 after purchasing an additional 107 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Churchill Downs in the fourth quarter valued at $39,000. Vestor Capital LLC bought a new position in shares of Churchill Downs in the 4th quarter valued at about $45,000. GAMMA Investing LLC bought a new stake in shares of Churchill Downs in the 4th quarter valued at about $66,000. Finally, Covestor Ltd lifted its stake in Churchill Downs by 44.0% in the 3rd quarter. Covestor Ltd now owns 848 shares of the company’s stock valued at $98,000 after purchasing an additional 259 shares during the last quarter. 82.59% of the stock is owned by institutional investors.

Churchill Downs Company Profile

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; and casino gaming.