Churchill Downs, Incorporated (NASDAQ:CHDN) Receives $135.00 Average Target Price from Analysts

Shares of Churchill Downs, Incorporated (NASDAQ:CHDN) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $135.00.

A number of equities analysts have recently weighed in on CHDN shares. Citigroup reissued an “outperform” rating on shares of Churchill Downs in a research report on Wednesday, January 14th. Citizens Jmp raised their price objective on Churchill Downs from $142.00 to $146.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 14th. Wells Fargo & Company reduced their target price on Churchill Downs from $125.00 to $124.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a research note on Wednesday, December 24th.

Churchill Downs Stock Performance

Shares of CHDN stock opened at $84.62 on Friday. The stock has a market cap of $5.90 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.39 and a beta of 0.65. The stock has a 50-day moving average of $93.90 and a 200-day moving average of $99.97. The company has a debt-to-equity ratio of 5.02, a current ratio of 0.60 and a quick ratio of 0.60. Churchill Downs has a one year low of $80.24 and a one year high of $118.46.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.12. Churchill Downs had a net margin of 13.09% and a return on equity of 43.26%. The business had revenue of $665.90 million for the quarter, compared to analyst estimates of $658.01 million. During the same quarter last year, the firm earned $0.92 EPS. Churchill Downs’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts expect that Churchill Downs will post 6.92 earnings per share for the current year.

Institutional Trading of Churchill Downs

Large investors have recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in shares of Churchill Downs by 1.5% in the third quarter. Allworth Financial LP now owns 7,549 shares of the company’s stock valued at $732,000 after buying an additional 109 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Churchill Downs by 4.7% during the third quarter. Quadrant Capital Group LLC now owns 2,619 shares of the company’s stock worth $254,000 after acquiring an additional 118 shares during the period. GAMMA Investing LLC raised its holdings in shares of Churchill Downs by 21.7% during the third quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock worth $67,000 after acquiring an additional 123 shares during the period. Park Avenue Securities LLC lifted its position in Churchill Downs by 1.1% in the 4th quarter. Park Avenue Securities LLC now owns 12,132 shares of the company’s stock valued at $1,380,000 after acquiring an additional 136 shares in the last quarter. Finally, Aurora Investment Counsel lifted its position in Churchill Downs by 0.6% in the 3rd quarter. Aurora Investment Counsel now owns 24,702 shares of the company’s stock valued at $2,396,000 after acquiring an additional 146 shares in the last quarter. 82.59% of the stock is owned by institutional investors.

Churchill Downs Company Profile

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.