Yousif Capital Management LLC Boosts Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

Yousif Capital Management LLC grew its position in Churchill Downs Incorporated (NASDAQ:CHDN) by 1.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,351 shares of the company’s stock after purchasing an additional 375 shares during the period. Yousif Capital Management LLC’s holdings in Churchill Downs were worth $2,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its stake in Churchill Downs by 0.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 19,160 shares of the company’s stock valued at $2,223,000 after buying an additional 100 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in Churchill Downs by 4.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 2,575 shares of the company’s stock worth $327,000 after purchasing an additional 121 shares in the last quarter. Lmcg Investments LLC boosted its stake in Churchill Downs by 2.2% in the 3rd quarter. Lmcg Investments LLC now owns 5,916 shares of the company’s stock worth $686,000 after purchasing an additional 130 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Churchill Downs by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 32,082 shares of the company’s stock valued at $3,723,000 after purchasing an additional 130 shares in the last quarter. Finally, Argent Trust Co raised its holdings in shares of Churchill Downs by 5.1% in the third quarter. Argent Trust Co now owns 3,138 shares of the company’s stock worth $364,000 after buying an additional 152 shares during the last quarter. 82.59% of the stock is currently owned by hedge funds and other institutional investors.

Churchill Downs Stock Performance

NASDAQ CHDN opened at $129.44 on Monday. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 9.01 and a beta of 1.03. The stock has a 50-day moving average of $120.00 and a 200 day moving average of $120.87. The company has a current ratio of 0.50, a quick ratio of 0.53 and a debt-to-equity ratio of 5.88. Churchill Downs Incorporated has a twelve month low of $106.45 and a twelve month high of $150.45.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com upgraded Churchill Downs from a “sell” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus lifted their price objective on shares of Churchill Downs from $150.00 to $153.00 and gave the company a “buy” rating in a research note on Friday. Mizuho increased their price objective on shares of Churchill Downs from $142.00 to $143.00 and gave the stock a “buy” rating in a research note on Friday. Truist Financial boosted their target price on shares of Churchill Downs from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday. Finally, JMP Securities reissued a “market outperform” rating and issued a $150.00 price objective on shares of Churchill Downs in a report on Wednesday, April 10th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $144.50.

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.