Insider Selling: Robert L. Evans Sells 4,620 Shares of Churchill Downs Stock (CHDN)
Churchill Downs (NASDAQ:CHDN) CEO Robert L. Evans unloaded 4,620 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $89.18, for a total value of $412,011.60. Following the completion of the sale, the chief executive officer now directly owns 181,884 shares in the company, valued at approximately $16,220,415. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Churchill Downs has a consensus rating of “Buy” and a consensus target price of $60.21.
Churchill Downs (NASDAQ:CHDN) traded down 0.34% on Thursday, hitting $89.10. The stock had a trading volume of 33,043 shares. Churchill Downs has a 52-week low of $78.74 and a 52-week high of $96.74. The stock has a 50-day moving average of $87.29 and a 200-day moving average of $89.54. The company has a market cap of $1.552 billion and a price-to-earnings ratio of 30.00.
Churchill Downs (NASDAQ:CHDN) last announced its earnings results 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. 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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