Robert L. Evans Sells 32,866 Shares of Churchill Downs, Inc. (CHDN) Stock

Churchill Downs, Inc. (NASDAQ:CHDN) Director Robert L. Evans sold 32,866 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $265.00, for a total transaction of $8,709,490.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Churchill Downs, Inc. (NASDAQ:CHDN) traded up $11.50 during trading hours on Wednesday, hitting $254.10. 321,605 shares of the company’s stock traded hands, compared to its average volume of 167,258. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $3,669.16, a price-to-earnings ratio of 30.59, a P/E/G ratio of 1.33 and a beta of 1.05. Churchill Downs, Inc. has a 12 month low of $141.80 and a 12 month high of $260.52.

Churchill Downs declared that its board has initiated a stock repurchase plan on Wednesday, November 29th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Churchill Downs from a “hold” rating to a “buy” rating and set a $283.00 price target on the stock in a research note on Tuesday, January 16th. BidaskClub lowered shares of Churchill Downs from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, Jefferies Group assumed coverage on shares of Churchill Downs in a research note on Thursday, January 18th. They issued a “hold” rating and a $261.00 price target on the stock. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $240.25.

Several institutional investors have recently bought and sold shares of CHDN. Ameriprise Financial Inc. boosted its holdings in shares of Churchill Downs by 4.9% in the second quarter. Ameriprise Financial Inc. now owns 34,431 shares of the company’s stock valued at $6,310,000 after acquiring an additional 1,601 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of Churchill Downs by 7.8% in the second quarter. Thrivent Financial For Lutherans now owns 2,500 shares of the company’s stock valued at $458,000 after acquiring an additional 180 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Churchill Downs by 2.8% in the second quarter. New York State Common Retirement Fund now owns 14,800 shares of the company’s stock valued at $2,713,000 after acquiring an additional 399 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Churchill Downs by 11.9% in the second quarter. UBS Asset Management Americas Inc. now owns 6,365 shares of the company’s stock valued at $1,167,000 after acquiring an additional 675 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of Churchill Downs by 352.2% in the second quarter. Citigroup Inc. now owns 719 shares of the company’s stock valued at $132,000 after acquiring an additional 560 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

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About Churchill Downs

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 five segments: Racing, Casinos, TwinSpires, Other Investments and Corporate.

Insider Buying and Selling by Quarter for Churchill Downs (NASDAQ:CHDN)

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