Segall Bryant & Hamill LLC Sells 20,427 Shares of Churchill Downs, Incorporated $CHDN

Segall Bryant & Hamill LLC lessened its holdings in Churchill Downs, Incorporated (NASDAQ:CHDN) by 11.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 152,213 shares of the company’s stock after selling 20,427 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Churchill Downs were worth $13,673,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHDN. Measured Wealth Private Client Group LLC acquired a new stake in Churchill Downs during the third quarter valued at approximately $25,000. Geneos Wealth Management Inc. raised its holdings in shares of Churchill Downs by 1,364.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after buying an additional 232 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Churchill Downs by 293.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 256 shares of the company’s stock worth $29,000 after buying an additional 191 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of Churchill Downs by 1,173.1% during the 1st quarter. Root Financial Partners LLC now owns 331 shares of the company’s stock worth $30,000 after buying an additional 305 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of Churchill Downs during the 4th quarter worth approximately $38,000. Institutional investors own 82.59% of the company’s stock.

Key Churchill Downs News

Here are the key news stories impacting Churchill Downs this week:

• Positive Sentiment: Analysts remain bullish despite target adjustments. Susquehanna raised its price target from $121 to $124 and kept a positive rating. Wells Fargo and Citizens JMP lowered their targets to $117 and $137, respectively, but maintained “overweight” and “market outperform” ratings. All three targets imply substantial upside from recent trading levels. Benzinga analyst rating coverage
• Positive Sentiment: Quarterly revenue increased year over year. Churchill Downs reported second-quarter revenue of approximately $980 million, up 4.9% from the prior year and slightly ahead of the roughly $977 million consensus estimate. Adjusted earnings of $3.45 per share matched the company’s reported consensus estimate and increased from $3.10 a year earlier. Churchill Downs Q2 sales report
• Positive Sentiment: Churchill Downs is expanding its wagering and racing operations. The company agreed to buy back NYRA’s 49% stake in United Tote, restoring full ownership of the pari-mutuel technology and services business. It also outlined a $285 million Victory Run development ahead of the 2028 Kentucky Derby, which could support long-term growth and enhance the Churchill Downs property. United Tote stake acquisition Victory Run development and gaming asset sales
• Neutral Sentiment: Strategic asset sales could reshape the portfolio. Management is pursuing potential sales of nine regional casinos as part of a broader review of its gaming assets. Proceeds could improve capital flexibility, although the outcome and valuation of any transactions remain uncertain. Strategic gaming asset review
• Negative Sentiment: The earnings reaction was pressured by elevated expectations. One data provider cited EPS of $3.45 as below its $3.51 consensus estimate, while conference-call commentary may have raised concerns about margins or forward momentum after strong Derby-related performance. The planned Victory Run investment and Churchill Downs’ high leverage also keep capital-spending and balance-sheet risks in focus. Churchill Downs Q2 earnings estimate comparison

Churchill Downs Stock Performance

NASDAQ CHDN opened at $84.30 on Friday. Churchill Downs, Incorporated has a 1-year low of $79.40 and a 1-year high of $118.35. The company has a 50 day moving average of $86.81 and a 200-day moving average of $90.41. The company has a current ratio of 0.36, a quick ratio of 0.54 and a debt-to-equity ratio of 3.06. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.54 and a beta of 0.67.

Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, July 29th. The company reported $3.45 EPS for the quarter, hitting the consensus estimate of $3.45. The business had revenue of $980.00 million for the quarter, compared to the consensus estimate of $977.38 million. Churchill Downs had a return on equity of 42.16% and a net margin of 13.82%.Churchill Downs’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.10 EPS. On average, equities analysts forecast that Churchill Downs, Incorporated will post 7.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHDN has been the topic of several recent analyst reports. Truist Financial set a $145.00 price target on Churchill Downs in a research note on Friday, June 12th. Citigroup reiterated an “outperform” rating on shares of Churchill Downs in a research note on Friday. Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a report on Thursday, July 2nd. Weiss Ratings downgraded shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Citizens Jmp lowered their target price on shares of Churchill Downs from $149.00 to $137.00 and set a “market outperform” rating on the stock in a report on Friday. Nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.62.

Churchill Downs Company Profile

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.