Blair William & Co. IL Has $17.83 Million Stock Position in Churchill Downs, Incorporated $CHDN

Blair William & Co. IL lifted its position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,840 shares of the company’s stock after purchasing an additional 9,402 shares during the period. Blair William & Co. IL owned 0.26% of Churchill Downs worth $17,834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Churchill Downs by 5.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,561 shares of the company’s stock worth $1,875,000 after purchasing an additional 990 shares in the last quarter. Norges Bank acquired a new position in shares of Churchill Downs in the 2nd quarter valued at approximately $43,935,000. JPMorgan Chase & Co. raised its position in shares of Churchill Downs by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 219,834 shares of the company’s stock valued at $21,326,000 after buying an additional 16,646 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of Churchill Downs by 711.5% during the 3rd quarter. AlphaQuest LLC now owns 37,670 shares of the company’s stock worth $3,654,000 after acquiring an additional 33,028 shares during the period. Finally, William Blair Investment Management LLC boosted its position in shares of Churchill Downs by 9.2% during the 3rd quarter. William Blair Investment Management LLC now owns 1,017,726 shares of the company’s stock worth $98,730,000 after acquiring an additional 85,925 shares in the last quarter. Institutional investors and hedge funds own 82.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CHDN shares. Citizens Jmp lifted their price objective on shares of Churchill Downs from $142.00 to $146.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 14th. Wells Fargo & Company decreased their price target on Churchill Downs from $125.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a report on Wednesday, December 24th. Finally, Citigroup restated an “outperform” rating on shares of Churchill Downs in a research report on Wednesday, January 14th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $135.00.

Churchill Downs Price Performance

CHDN stock opened at $83.83 on Monday. The company has a market capitalization of $5.84 billion, a P/E ratio of 15.94, a PEG ratio of 1.39 and a beta of 0.65. The company has a fifty day moving average price of $99.74 and a 200-day moving average price of $101.35. The company has a debt-to-equity ratio of 5.02, a quick ratio of 0.60 and a current ratio of 0.60. Churchill Downs, Incorporated has a 52-week low of $82.67 and a 52-week high of $118.46.

Churchill Downs (NASDAQ:CHDN) last issued 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. The company had revenue of $665.90 million for the quarter, compared to analysts’ expectations of $658.01 million. Churchill Downs had a net margin of 13.09% and a return on equity of 43.26%. Churchill Downs’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, equities analysts expect that Churchill Downs, Incorporated will post 6.92 EPS for the current year.

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.