Insider Selling: Churchill Downs CEO Unloads 7,100 Shares of Stock (CHDN)
Churchill Downs (NASDAQ:CHDN) CEO Robert L. Evans unloaded 7,100 shares of Churchill Downs stock on the open market in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $89.12, for a total transaction of $632,752.00. Following the transaction, the chief executive officer now directly owns 179,877 shares of the company’s stock, valued at approximately $16,030,638. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Churchill Downs (NASDAQ:CHDN) traded down 0.21% during mid-day trading on Wednesday, hitting $88.87. The stock had a trading volume of 36,560 shares. Churchill Downs has a 52-week low of $79.41 and a 52-week high of $96.74. The stock has a 50-day moving average of $88.80 and a 200-day moving average of $89.64. The company has a market cap of $1.548 billion and a P/E ratio of 29.89.
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.
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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