Insider Selling: Churchill Downs CEO Unloads 3,700 Shares of Stock (CHDN)
Churchill Downs (NASDAQ:CHDN) CEO Robert L. Evans unloaded 3,700 shares of Churchill Downs stock on the open market in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $91.17, for a total value of $337,329.00. Following the completion of the transaction, the chief executive officer now directly owns 179,877 shares of the company’s stock, valued at approximately $16,399,386. The transaction was disclosed in a document filed 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Churchill Downs currently has a consensus rating of “Buy” and a consensus target price of $60.21.
Shares of Churchill Downs (NASDAQ:CHDN) traded up 0.13% during mid-day trading on Thursday, hitting $91.39. 31,061 shares of the company’s stock traded hands. Churchill Downs has a 1-year low of $79.41 and a 1-year high of $96.74. The stock has a 50-day moving average of $87.92 and a 200-day moving average of $89.65. The company has a market cap of $1.592 billion and a price-to-earnings ratio of 30.63.
Churchill Downs (NASDAQ:CHDN) last issued its quarterly 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. Analysts expect that Churchill Downs will post $3.75 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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