4,533 Shares in Churchill Downs Incorporated (NASDAQ:CHDN) Purchased by Winebrenner Capital Management LLC

Winebrenner Capital Management LLC bought a new stake in shares of Churchill Downs Incorporated (NASDAQ:CHDN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,533 shares of the company’s stock, valued at approximately $605,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in Churchill Downs by 127.2% in the fourth quarter. Blue Trust Inc. now owns 184 shares of the company’s stock valued at $25,000 after buying an additional 103 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Churchill Downs during the 3rd quarter valued at $27,000. Fortitude Family Office LLC lifted its stake in shares of Churchill Downs by 2,733.3% in the 4th quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock valued at $34,000 after purchasing an additional 246 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Churchill Downs in the 4th quarter worth $55,000. Finally, R Squared Ltd acquired a new stake in shares of Churchill Downs during the fourth quarter worth $55,000. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on CHDN. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Mizuho cut their price target on shares of Churchill Downs from $151.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday. Truist Financial restated a “buy” rating and set a $165.00 price objective (down previously from $166.00) on shares of Churchill Downs in a report on Friday, October 25th. Stifel Nicolaus cut their target price on shares of Churchill Downs from $164.00 to $161.00 and set a “buy” rating on the stock in a report on Friday. Finally, Wells Fargo & Company decreased their price target on shares of Churchill Downs from $165.00 to $158.00 and set an “overweight” rating for the company in a report on Friday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Churchill Downs has a consensus rating of “Moderate Buy” and an average price target of $159.38.

Churchill Downs Stock Down 1.8 %

Shares of CHDN stock opened at $116.92 on Friday. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 2.96 and a beta of 0.95. Churchill Downs Incorporated has a 12-month low of $111.10 and a 12-month high of $150.21. The firm has a fifty day moving average of $126.93 and a 200-day moving average of $134.58. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 4.35.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.06). The firm had revenue of $624.20 million during the quarter, compared to analyst estimates of $620.21 million. Churchill Downs had a net margin of 15.61% and a return on equity of 44.76%. As a group, equities research analysts predict that Churchill Downs Incorporated will post 6.92 earnings per share for the current fiscal year.

Churchill Downs Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a $0.409 dividend. The ex-dividend date of this dividend was Friday, December 6th. This is an increase from Churchill Downs’s previous annual dividend of $0.38. This represents a dividend yield of 0.29%. Churchill Downs’s dividend payout ratio (DPR) is 7.04%.

About Churchill Downs

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.