Insider Selling: Robert L. Evans Sells 2,526 Shares of Churchill Downs Stock (CHDN)
Churchill Downs (NASDAQ:CHDN) CEO Robert L. Evans sold 2,526 shares of the stock on the open market in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $89.07, for a total transaction of $224,990.82. Following the completion of the sale, the chief executive officer now directly owns 181,884 shares of the company’s stock, valued at approximately $16,200,408. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Churchill Downs (NASDAQ:CHDN) traded down 0.06% on Monday, hitting $90.11. 74,644 shares of the company’s stock traded hands. Churchill Downs has a 1-year low of $78.95 and a 1-year high of $96.74. The stock has a 50-day moving average of $87. and a 200-day moving average of $89.55. The company has a market cap of $1.570 billion and a P/E ratio of 30.26.
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 $3.75 EPS for the current fiscal year.
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’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $60.21.
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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