Churchill Downs, Incorporated (CHDN) Given New $196.00 Price Target at Telsey Advisory Group
Churchill Downs, Incorporated (NASDAQ:CHDN) had its price target upped by investment analysts at Telsey Advisory Group from $182.00 to $196.00 in a research note issued on Thursday. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target would suggest a potential downside of 2.87% from the stock’s current price.
Several other equities analysts have also commented on the stock. BidaskClub upgraded shares of Churchill Downs, from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of Churchill Downs, from a “hold” rating to a “strong-buy” rating and set a $215.00 price objective on the stock in a report on Tuesday, August 1st. Finally, Imperial Capital restated a “buy” rating on shares of Churchill Downs, in a report on Sunday, July 30th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $194.75.
Shares of Churchill Downs, (NASDAQ:CHDN) opened at 201.80 on Thursday. Churchill Downs, has a 52 week low of $131.70 and a 52 week high of $202.19. The firm has a 50-day moving average of $192.29 and a 200 day moving average of $173.99. The company has a market cap of $3.25 billion, a P/E ratio of 27.58 and a beta of 0.88.
Churchill Downs, (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $4.81 EPS for the quarter, topping the consensus estimate of $4.51 by $0.30. Churchill Downs, had a net margin of 9.22% and a return on equity of 15.83%. The firm had revenue of $451.90 million for the quarter, compared to analyst estimates of $439.33 million. During the same period in the prior year, the business posted $4.11 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts expect that Churchill Downs, will post $6.79 EPS for the current fiscal year.
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In other Churchill Downs, news, Director Robert L. Evans sold 5,000 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $198.25, for a total transaction of $991,250.00. Following the sale, the director now directly owns 90,878 shares in the company, valued at approximately $18,016,563.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 18.44% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in CHDN. BlackRock Inc. raised its holdings in shares of Churchill Downs, by 23,504.2% in the 1st quarter. BlackRock Inc. now owns 1,301,301 shares of the company’s stock valued at $206,713,000 after purchasing an additional 1,295,788 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Churchill Downs, by 31,916.5% in the 1st quarter. Victory Capital Management Inc. now owns 262,215 shares of the company’s stock valued at $41,653,000 after purchasing an additional 261,396 shares in the last quarter. FMR LLC raised its holdings in shares of Churchill Downs, by 25.7% in the 1st quarter. FMR LLC now owns 737,671 shares of the company’s stock valued at $117,179,000 after purchasing an additional 150,623 shares in the last quarter. Cypress Funds LLC acquired a new stake in shares of Churchill Downs, in the 2nd quarter valued at $22,271,000. Finally, UBS Group AG raised its holdings in shares of Churchill Downs, by 1,376.3% in the 1st quarter. UBS Group AG now owns 86,377 shares of the company’s stock valued at $13,721,000 after purchasing an additional 80,526 shares in the last quarter. Institutional investors own 73.84% of the company’s stock.
Churchill Downs, Company Profile
Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.
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