Churchill Downs Incorporated (NASDAQ:CHDN) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Churchill Downs Incorporated (NASDAQ:CHDNGet Rating) by 19.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,036 shares of the company’s stock after acquiring an additional 19,843 shares during the period. Victory Capital Management Inc. owned 0.32% of Churchill Downs worth $22,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA acquired a new stake in Churchill Downs during the 2nd quarter worth about $29,000. CWM LLC grew its position in Churchill Downs by 132.4% during the 3rd quarter. CWM LLC now owns 165 shares of the company’s stock worth $30,000 after purchasing an additional 94 shares during the period. Quadrant Capital Group LLC grew its position in Churchill Downs by 120.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 172 shares of the company’s stock worth $33,000 after purchasing an additional 94 shares during the period. First Horizon Advisors Inc. grew its position in Churchill Downs by 8,800.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 178 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares during the period. Finally, Wipfli Financial Advisors LLC acquired a new stake in Churchill Downs during the 3rd quarter worth about $44,000. 72.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on CHDN. Wells Fargo & Company cut their price target on Churchill Downs from $268.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 14th. JMP Securities initiated coverage on Churchill Downs in a research report on Tuesday, January 17th. They set an “outperform” rating and a $273.00 target price on the stock. StockNews.com initiated coverage on Churchill Downs in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Susquehanna raised their target price on Churchill Downs from $250.00 to $280.00 and gave the company a “positive” rating in a research report on Friday, January 20th. Finally, JPMorgan Chase & Co. initiated coverage on Churchill Downs in a research report on Thursday, December 8th. They set a “neutral” rating and a $243.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $267.20.

Churchill Downs Trading Up 1.6 %

Shares of Churchill Downs stock opened at $246.12 on Wednesday. The firm has a market capitalization of $9.21 billion, a PE ratio of 19.74 and a beta of 1.10. Churchill Downs Incorporated has a twelve month low of $172.75 and a twelve month high of $249.33. The firm’s 50-day moving average price is $220.39 and its 200 day moving average price is $209.74. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 5.18.

Churchill Downs (NASDAQ:CHDNGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.32. The firm had revenue of $383.10 million for the quarter, compared to analyst estimates of $396.83 million. Churchill Downs had a net margin of 28.43% and a return on equity of 66.95%. On average, sell-side analysts predict that Churchill Downs Incorporated will post 8.41 EPS for the current fiscal year.

Churchill Downs Profile

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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. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games.

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Institutional Ownership by Quarter for Churchill Downs (NASDAQ:CHDN)

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