Churchill Downs, Incorporated $CHDN Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in Churchill Downs, Incorporated (NASDAQ:CHDN) by 455.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 397,921 shares of the company’s stock after purchasing an additional 326,241 shares during the period. Thrivent Financial for Lutherans owned approximately 0.57% of Churchill Downs worth $45,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Churchill Downs in the 3rd quarter valued at $25,000. First Horizon Corp acquired a new position in Churchill Downs during the 3rd quarter worth about $26,000. Quent Capital LLC acquired a new position in Churchill Downs during the 3rd quarter worth about $27,000. Geneos Wealth Management Inc. lifted its stake in Churchill Downs by 1,364.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after acquiring an additional 232 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Churchill Downs during the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Churchill Downs Price Performance

CHDN stock opened at $86.73 on Friday. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $6.05 billion, a P/E ratio of 16.06, a P/E/G ratio of 0.57 and a beta of 0.73. The business’s 50-day moving average is $89.39 and its two-hundred day moving average is $98.75. Churchill Downs, Incorporated has a 1 year low of $80.24 and a 1 year high of $118.46.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. The company had revenue of $663.00 million for the quarter, compared to analyst estimates of $659.32 million. Churchill Downs had a return on equity of 43.50% and a net margin of 13.21%.Churchill Downs’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS. Analysts anticipate that Churchill Downs, Incorporated will post 7.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHDN has been the topic of several research reports. Citigroup reissued an “outperform” rating on shares of Churchill Downs in a research note on Friday, April 24th. Mizuho increased their target price on Churchill Downs from $146.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Wells Fargo & Company reissued an “overweight” rating and set a $130.00 target price (up from $124.00) on shares of Churchill Downs in a research note on Thursday, April 16th. Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a research note on Tuesday, April 21st. Finally, Citizens Jmp increased their target price on Churchill Downs from $146.00 to $149.00 and gave the stock a “market outperform” rating in a research note on Friday, April 24th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $139.00.

About Churchill Downs

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.