Fieldview Capital Management LLC Sells 10,484 Shares of Churchill Downs, Incorporated $CHDN

Fieldview Capital Management LLC trimmed its holdings in Churchill Downs, Incorporated (NASDAQ:CHDN) by 26.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,400 shares of the company’s stock after selling 10,484 shares during the quarter. Fieldview Capital Management LLC’s holdings in Churchill Downs were worth $3,345,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Capital International Investors lifted its stake in shares of Churchill Downs by 16.3% in the third quarter. Capital International Investors now owns 3,098,598 shares of the company’s stock valued at $300,595,000 after buying an additional 434,669 shares in the last quarter. State Street Corp lifted its stake in shares of Churchill Downs by 0.6% in the fourth quarter. State Street Corp now owns 1,956,295 shares of the company’s stock valued at $223,424,000 after buying an additional 11,523 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Churchill Downs by 0.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,384,089 shares of the company’s stock valued at $157,482,000 after buying an additional 7,687 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Churchill Downs by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,327,655 shares of the company’s stock worth $151,089,000 after purchasing an additional 32,445 shares during the last quarter. Finally, Boston Partners boosted its holdings in Churchill Downs by 0.9% during the third quarter. Boston Partners now owns 1,257,725 shares of the company’s stock worth $121,998,000 after purchasing an additional 11,653 shares during the last quarter. 82.59% of the stock is owned by institutional investors.

Churchill Downs Price Performance

Shares of Churchill Downs stock opened at $86.94 on Friday. Churchill Downs, Incorporated has a 52-week low of $80.24 and a 52-week high of $118.46. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 0.57 and a beta of 0.68. The company has a fifty day moving average of $89.66 and a 200-day moving average of $96.84. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.54 and a current ratio of 0.54.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data 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. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. The company had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $659.32 million. During the same quarter in the prior year, the company earned $1.07 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Churchill Downs, Incorporated will post 7.32 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup reaffirmed an “outperform” rating on shares of Churchill Downs in a research report on Friday, April 24th. Truist Financial set a $145.00 price objective on shares of Churchill Downs in a research report on Friday. Mizuho lifted their price objective on shares of Churchill Downs from $146.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings lowered shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Citizens Jmp lifted their target price on shares of 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 investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Churchill Downs currently has a consensus rating of “Moderate Buy” and an average price target 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.