Savant Capital LLC Invests $228,000 in Churchill Downs Incorporated (NASDAQ:CHDN)

Savant Capital LLC bought a new stake in shares of Churchill Downs Incorporated (NASDAQ:CHDN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,688 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mission Wealth Management LP bought a new stake in Churchill Downs during the 4th quarter valued at approximately $208,000. Van ECK Associates Corp grew its stake in Churchill Downs by 5.5% in the fourth quarter. Van ECK Associates Corp now owns 12,868 shares of the company’s stock worth $1,736,000 after purchasing an additional 669 shares during the period. Retirement Systems of Alabama raised its holdings in Churchill Downs by 22.9% in the fourth quarter. Retirement Systems of Alabama now owns 160,849 shares of the company’s stock worth $21,703,000 after purchasing an additional 29,979 shares in the last quarter. Sargent Investment Group LLC purchased a new position in Churchill Downs during the fourth quarter valued at $266,000. Finally, Consolidated Planning Corp bought a new stake in shares of Churchill Downs during the 4th quarter valued at $209,000. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CHDN shares. JMP Securities reiterated a “market outperform” rating and issued a $156.00 price target on shares of Churchill Downs in a research note on Monday. Stifel Nicolaus increased their price objective on Churchill Downs from $150.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Truist Financial boosted their target price on Churchill Downs from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Mizuho raised their price target on shares of Churchill Downs from $142.00 to $143.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Wells Fargo & Company raised shares of Churchill Downs from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $137.00 to $141.00 in a report on Monday, April 15th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.25.

Insider Buying and Selling

In related news, Director Paul C. Varga purchased 3,800 shares of the business’s stock in a transaction on Monday, April 29th. The stock was acquired at an average price of $130.22 per share, with a total value of $494,836.00. Following the completion of the acquisition, the director now owns 28,902 shares of the company’s stock, valued at approximately $3,763,618.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.13% of the stock is owned by insiders.

Churchill Downs Price Performance

NASDAQ CHDN opened at $138.08 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 5.88. The firm has a market capitalization of $10.15 billion, a P/E ratio of 30.75, a PEG ratio of 3.81 and a beta of 0.99. The company has a 50-day moving average price of $121.85 and a 200-day moving average price of $121.92. Churchill Downs Incorporated has a 52 week low of $106.45 and a 52 week high of $148.36.

Churchill Downs (NASDAQ:CHDN) last released its quarterly 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 net margin of 13.72% and a return on equity of 44.99%. The business had revenue of $590.90 million for the quarter, compared to the consensus estimate of $565.41 million. During the same period last year, the firm earned $0.98 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Churchill Downs Incorporated will post 5.72 earnings per share for the current year.

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.