Churchill Downs Incorporated (NASDAQ:CHDN) Given Average Rating of “Buy” by Analysts

Shares of Churchill Downs Incorporated (NASDAQ:CHDN) have been given an average recommendation of “Buy” by the eight research firms that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have covered the stock in the last year is $159.38.

CHDN has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on Churchill Downs from $165.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Stifel Nicolaus cut their target price on Churchill Downs from $164.00 to $161.00 and set a “buy” rating on the stock in a report on Friday, February 21st. JMP Securities reiterated a “market outperform” rating and issued a $166.00 target price on shares of Churchill Downs in a report on Thursday, January 16th. Finally, Mizuho cut their target price on Churchill Downs from $151.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th.

Institutional Investors Weigh In On Churchill Downs

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in Churchill Downs by 127.2% in the 4th 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 last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Churchill Downs in the 3rd quarter valued at $27,000. Fortitude Family Office LLC increased its position in shares of Churchill Downs by 2,733.3% during 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 last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Churchill Downs during the 4th quarter valued at $55,000. Finally, R Squared Ltd purchased a new stake in shares of Churchill Downs during the 4th quarter valued at $55,000. 82.59% of the stock is owned by hedge funds and other institutional investors.

Churchill Downs Price Performance

Churchill Downs stock opened at $109.56 on Tuesday. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.95 and a beta of 0.93. Churchill Downs has a 52-week low of $108.28 and a 52-week high of $150.21. The stock’s 50 day moving average price is $122.94 and its two-hundred day moving average price is $132.90. The company has a debt-to-equity ratio of 4.47, a quick ratio of 0.55 and a current ratio of 0.57.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.06). The business had revenue of $624.20 million for the quarter, compared to the consensus estimate of $620.21 million. Churchill Downs had a return on equity of 43.67% and a net margin of 15.61%. On average, equities analysts predict that Churchill Downs will post 6.92 earnings per share for the current 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.