Churchill Downs Incorporated (NASDAQ:CHDN) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 2.6% in the 4th quarter, HoldingsChannel reports. The fund owned 11,067 shares of the company’s stock after selling 292 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Churchill Downs were worth $1,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates grew its holdings in Churchill Downs by 11.0% during the 4th quarter. Raymond James & Associates now owns 44,768 shares of the company’s stock worth $6,041,000 after acquiring an additional 4,451 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Churchill Downs by 40.9% in the 4th quarter. SG Americas Securities LLC now owns 7,632 shares of the company’s stock valued at $1,030,000 after buying an additional 2,214 shares in the last quarter. Walker Financial Services Inc. acquired a new position in shares of Churchill Downs in the 4th quarter valued at $216,000. Exchange Traded Concepts LLC boosted its holdings in shares of Churchill Downs by 3.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 44,921 shares of the company’s stock valued at $6,061,000 after buying an additional 1,531 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Churchill Downs by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,689,337 shares of the company’s stock valued at $776,231,000 after buying an additional 56,318 shares in the last quarter. Institutional investors and hedge funds own 82.59% of the company’s stock.

Analyst Ratings Changes

CHDN has been the subject of several research analyst reports. JMP Securities restated a “market outperform” rating and issued a $150.00 target price on shares of Churchill Downs in a report on Wednesday. Mizuho initiated coverage on shares of Churchill Downs in a report on Tuesday, March 26th. They issued a “buy” rating and a $142.00 target price for the company. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $137.00 target price on shares of Churchill Downs in a report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.63.

Churchill Downs Stock Up 1.1 %

Shares of NASDAQ:CHDN opened at $124.39 on Friday. The stock has a market cap of $9.17 billion, a P/E ratio of 22.80 and a beta of 1.03. The company has a debt-to-equity ratio of 5.34, a current ratio of 0.53 and a quick ratio of 0.53. Churchill Downs Incorporated has a 1-year low of $106.45 and a 1-year high of $150.45. The firm has a fifty day moving average price of $119.57 and a 200 day moving average price of $120.04.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.18. The company had revenue of $561.20 million during the quarter, compared to the consensus estimate of $553.05 million. Churchill Downs had a net margin of 16.95% and a return on equity of 45.43%. Churchill Downs’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. Sell-side analysts predict that Churchill Downs Incorporated will post 5.44 EPS for the current year.

About Churchill Downs

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.