By otakuyassine3@gmail.com 
Allworth Financial LP grew its holdings in Churchill Downs Incorporated (NASDAQ:CHDN – Free Report) by 498.0% during the 4th quarter, Holdings Channel reports. The firm owned 7,218 shares of the company’s stock after purchasing an additional 6,011 shares during the period. Allworth Financial LP’s holdings in Churchill Downs were worth $905,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of CHDN. Creative Planning boosted its stake in Churchill Downs by 15.4% in the third quarter. Creative Planning now owns 4,655 shares of the company’s stock valued at $629,000 after acquiring an additional 620 shares during the last quarter. Eastern Bank acquired a new position in shares of Churchill Downs in the 3rd quarter valued at $241,000. Community Trust & Investment Co. boosted its position in shares of Churchill Downs by 0.6% in the 3rd quarter. Community Trust & Investment Co. now owns 129,629 shares of the company’s stock worth $17,527,000 after purchasing an additional 745 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Churchill Downs during the third quarter worth $236,000. Finally, Argent Capital Management LLC increased its holdings in Churchill Downs by 2.6% in the third quarter. Argent Capital Management LLC now owns 19,542 shares of the company’s stock valued at $2,642,000 after purchasing an additional 502 shares during the last quarter. Institutional investors own 82.59% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on CHDN shares. Wells Fargo & Company reduced their target price on Churchill Downs from $168.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Truist Financial reissued a “buy” rating and set a $165.00 price objective (down previously from $166.00) on shares of Churchill Downs in a research note on Friday, October 25th. Mizuho lowered their target price on shares of Churchill Downs from $151.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday. JMP Securities reissued a “market outperform” rating and set a $166.00 price target on shares of Churchill Downs in a research report on Thursday, January 16th. Finally, StockNews.com upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Churchill Downs has a consensus rating of “Moderate Buy” and an average target price of $160.13.
Check Out Our Latest Report on Churchill Downs
Churchill Downs Price Performance
Shares of NASDAQ CHDN opened at $119.54 on Thursday. The company has a fifty day moving average price of $127.68 and a 200 day moving average price of $134.78. The firm has a market cap of $8.79 billion, a PE ratio of 21.77, a PEG ratio of 3.02 and a beta of 0.95. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.35. Churchill Downs Incorporated has a 1-year low of $111.10 and a 1-year high of $150.21.
Churchill Downs (NASDAQ:CHDN – Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.06). Churchill Downs had a return on equity of 45.48% and a net margin of 15.45%. Research analysts predict that Churchill Downs Incorporated will post 5.99 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 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 7.47%.
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.
See Also
Want to see what other hedge funds are holding CHDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Churchill Downs Incorporated (NASDAQ:CHDN – Free Report).
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