Churchill Downs CEO Unloads $198,446 in Stock (CHDN)
Churchill Downs (NASDAQ:CHDN) CEO Robert L. Evans unloaded 2,234 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $88.83, for a total value of $198,446.22. Following the sale, the chief executive officer now directly owns 181,884 shares in the company, valued at approximately $16,156,756. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $60.21.
Shares of Churchill Downs (NASDAQ:CHDN) traded down 0.34% during mid-day trading on Thursday, hitting $89.10. The stock had a trading volume of 33,043 shares. Churchill Downs has a 1-year low of $78.74 and a 1-year high of $96.74. The stock’s 50-day moving average is $87.29 and its 200-day moving average is $89.54. The company has a market cap of $1.552 billion and a P/E ratio of 30.00.
Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts expect that Churchill Downs will post $3.85 EPS 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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