Churchill Downs (NASDAQ:CHDN) Price Target Cut to $165.00 by Analysts at Wells Fargo & Company

Churchill Downs (NASDAQ:CHDN) had its price objective dropped by equities research analysts at Wells Fargo & Company from $168.00 to $165.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 34.43% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Truist Financial reiterated a “buy” rating and set a $165.00 price objective (down from $166.00) on shares of Churchill Downs in a research report on Friday, October 25th. JMP Securities reiterated a “market outperform” rating and set a $166.00 price target on shares of Churchill Downs in a report on Thursday, January 16th. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Mizuho lowered their target price on Churchill Downs from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.50.

Churchill Downs Trading Up 0.6 %

NASDAQ:CHDN opened at $122.74 on Monday. Churchill Downs has a 1-year low of $111.10 and a 1-year high of $150.21. The stock has a fifty day simple moving average of $130.62 and a 200 day simple moving average of $135.83. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 3.05 and a beta of 0.95. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 4.35.

Institutional Trading of Churchill Downs

A number of hedge funds have recently modified their holdings of CHDN. Aigen Investment Management LP acquired a new stake in shares of Churchill Downs during the 3rd quarter valued at about $516,000. Westfield Capital Management Co. LP boosted its stake in Churchill Downs by 100.0% in the third quarter. Westfield Capital Management Co. LP now owns 763,561 shares of the company’s stock worth $103,241,000 after purchasing an additional 381,754 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Churchill Downs by 3.9% in the third quarter. Atria Investments Inc now owns 6,004 shares of the company’s stock valued at $812,000 after buying an additional 224 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Churchill Downs by 6.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 595,202 shares of the company’s stock worth $80,477,000 after buying an additional 37,679 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Churchill Downs by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 183,594 shares of the company’s stock valued at $24,824,000 after acquiring an additional 12,226 shares in the last quarter. Institutional investors own 82.59% of the company’s stock.

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.