Churchill Downs, Incorporated $CHDN Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 21.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,149 shares of the company’s stock after purchasing an additional 1,445 shares during the period. Deutsche Bank AG’s holdings in Churchill Downs were worth $905,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Churchill Downs by 159.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 412 shares of the company’s stock valued at $46,000 after purchasing an additional 253 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in Churchill Downs by 39.6% in the 1st quarter. Central Pacific Bank Trust Division now owns 455 shares of the company’s stock valued at $51,000 after buying an additional 129 shares during the period. Private Trust Co. NA boosted its position in Churchill Downs by 154.9% in the 1st quarter. Private Trust Co. NA now owns 543 shares of the company’s stock valued at $60,000 after buying an additional 330 shares during the period. Centiva Capital LP acquired a new position in shares of Churchill Downs in the fourth quarter worth $293,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Churchill Downs during the fourth quarter worth $306,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JMP Securities decreased their target price on Churchill Downs from $144.00 to $138.00 and set a “market outperform” rating for the company in a report on Tuesday, May 27th. Mizuho lifted their price objective on Churchill Downs from $134.00 to $136.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Susquehanna boosted their price objective on Churchill Downs from $121.00 to $126.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Truist Financial reduced their target price on shares of Churchill Downs from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, July 16th. Finally, Macquarie lifted their price target on shares of Churchill Downs from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Ten equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Churchill Downs presently has an average rating of “Buy” and a consensus price target of $136.50.

Churchill Downs Stock Performance

Shares of CHDN opened at $104.04 on Monday. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. Churchill Downs, Incorporated has a 52-week low of $85.58 and a 52-week high of $150.21. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 4.74. The stock has a 50 day moving average price of $104.12 and a 200 day moving average price of $104.43.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $3.10 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.07. Churchill Downs had a net margin of 15.22% and a return on equity of 41.46%. The business had revenue of $934.40 million during the quarter, compared to the consensus estimate of $924.36 million. During the same quarter in the previous year, the firm earned $2.89 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Research analysts predict that Churchill Downs, Incorporated will post 6.92 EPS for the current fiscal year.

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; casino gaming; and Terre Haute Casino Resort.