Insider Selling: Churchill Downs CEO Sells 3,127 Shares of Stock (CHDN)
Churchill Downs (NASDAQ:CHDN) CEO Robert L. Evans unloaded 3,127 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $89.05, for a total value of $278,459.35. Following the completion of the sale, the chief executive officer now directly owns 181,884 shares of the company’s stock, valued at approximately $16,196,770. The sale was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Zacks upgraded shares of Churchill Downs from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $88.30 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $60.21.
Churchill Downs (NASDAQ:CHDN) traded down 0.03% during mid-day trading on Thursday, hitting $89.47. The stock had a trading volume of 6,462 shares. Churchill Downs has a one year low of $76.25 and a one year high of $96.74. The stock’s 50-day moving average is $87.12 and its 200-day moving average is $89.48. The company has a market cap of $1.558 billion and a P/E ratio of 30.03.
Churchill Downs (NASDAQ:CHDN) last released its earnings data on Wednesday, April 23rd. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.08. The company had revenue of $167.30 million for the quarter, compared to the consensus estimate of $167.44 million. During the same quarter last year, the company posted $0.06 earnings per share. Churchill Downs’s revenue was up 13.1% compared to the same quarter last year. On average, analysts predict that Churchill Downs will post $3.85 earnings per share for the current fiscal year.
Churchill Downs Incorporated is a diversified provider of pari-mutuel horseracing, casino gaming, entertainment, and is the country’s premier source of online account wagering on horseracing events.
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