Zurcher Kantonalbank Zurich Cantonalbank Has $1.95 Million Stock Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Churchill Downs Incorporated (NASDAQ:CHDN) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,467 shares of the company’s stock after purchasing an additional 1,142 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Churchill Downs were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd lifted its stake in shares of Churchill Downs by 44.0% in the 3rd quarter. Covestor Ltd now owns 848 shares of the company’s stock valued at $98,000 after purchasing an additional 259 shares during the period. Fifth Third Bancorp lifted its stake in shares of Churchill Downs by 15.1% in the 4th quarter. Fifth Third Bancorp now owns 1,437 shares of the company’s stock valued at $194,000 after purchasing an additional 189 shares during the period. Invesco LLC acquired a new position in shares of Churchill Downs in the 4th quarter valued at about $212,000. Walker Financial Services Inc. bought a new stake in Churchill Downs in the 4th quarter valued at about $216,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in Churchill Downs in the 3rd quarter valued at about $208,000. 82.59% of the stock is owned by institutional investors and hedge funds.

Churchill Downs Stock Performance

Shares of CHDN opened at $123.39 on Thursday. The company has a debt-to-equity ratio of 5.34, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a 50 day moving average price of $119.55 and a two-hundred day moving average price of $120.56. The firm has a market capitalization of $9.09 billion, a P/E ratio of 22.62, a P/E/G ratio of 8.41 and a beta of 1.03. Churchill Downs Incorporated has a 52 week low of $106.45 and a 52 week high of $150.45.

Churchill Downs (NASDAQ:CHDN) last issued 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 firm had revenue of $561.20 million during the quarter, compared to analyst estimates of $553.05 million. Churchill Downs had a return on equity of 45.43% and a net margin of 16.95%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. Equities analysts forecast that Churchill Downs Incorporated will post 5.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on CHDN shares. JMP Securities reaffirmed a “market outperform” rating and issued a $150.00 target price on shares of Churchill Downs in a research report on Wednesday, April 10th. Mizuho started coverage on Churchill Downs in a research report on Tuesday, March 26th. They issued a “buy” rating and a $142.00 target price for the company. Finally, Wells Fargo & Company raised Churchill Downs from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $137.00 to $141.00 in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.13.

Churchill Downs Profile

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.