Mizuho Boosts Churchill Downs (NASDAQ:CHDN) Price Target to $143.00

Churchill Downs (NASDAQ:CHDN) had its price target boosted by research analysts at Mizuho from $142.00 to $143.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Mizuho’s price target would suggest a potential upside of 10.48% from the stock’s current price.

Several other research firms also recently commented on CHDN. Wells Fargo & Company upgraded shares of Churchill Downs from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $137.00 to $141.00 in a report on Monday, April 15th. JMP Securities reissued a “market outperform” rating and issued a $150.00 target price on shares of Churchill Downs in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.50.

Churchill Downs Price Performance

NASDAQ CHDN opened at $129.44 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.50 and a debt-to-equity ratio of 5.88. Churchill Downs has a 12-month low of $106.45 and a 12-month high of $150.45. The company has a market capitalization of $9.51 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 9.00 and a beta of 1.03. The firm’s 50 day moving average is $120.00 and its 200-day moving average is $120.82.

Churchill Downs (NASDAQ:CHDN) last released its earnings results on Wednesday, April 24th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.35. Churchill Downs had a net margin of 13.72% and a return on equity of 44.99%. The business had revenue of $590.90 million during the quarter, compared to analysts’ expectations of $565.41 million. During the same period last year, the business earned $0.98 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Churchill Downs will post 5.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Churchill Downs

Several large investors have recently bought and sold shares of CHDN. Copeland Capital Management LLC lifted its stake in Churchill Downs by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 267,001 shares of the company’s stock valued at $30,983,000 after acquiring an additional 2,217 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Churchill Downs by 39.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,465 shares of the company’s stock valued at $1,098,000 after acquiring an additional 2,678 shares in the last quarter. Xponance Inc. lifted its stake in Churchill Downs by 1.4% during the 3rd quarter. Xponance Inc. now owns 15,827 shares of the company’s stock valued at $1,837,000 after acquiring an additional 215 shares in the last quarter. Raymond James & Associates lifted its stake in Churchill Downs by 59.6% during the 3rd quarter. Raymond James & Associates now owns 40,317 shares of the company’s stock valued at $4,678,000 after acquiring an additional 15,048 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Churchill Downs by 37.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,359 shares of the company’s stock valued at $1,318,000 after acquiring an additional 3,087 shares in the last quarter. 82.59% of the stock is currently owned by institutional investors.

Churchill Downs Company 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.