Churchill Downs (NASDAQ:CHDN) PT Raised to $143.00

Churchill Downs (NASDAQ:CHDN) had its price target raised by investment analysts at Mizuho from $142.00 to $143.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Mizuho’s target price would indicate a potential upside of 10.48% from the company’s current price.

Other analysts have also issued research reports about the stock. Wells Fargo & Company raised shares of Churchill Downs from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $137.00 to $141.00 in a research report on Monday, April 15th. JMP Securities reissued a “market outperform” rating and issued a $150.00 target price on shares of Churchill Downs in a research report on Wednesday, April 10th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Churchill Downs currently has an average rating of “Moderate Buy” and an average price target of $144.50.

Churchill Downs Stock Up 0.2 %

CHDN stock opened at $129.44 on Friday. The firm has a market cap of $9.51 billion, a PE ratio of 28.83, a PEG ratio of 9.00 and a beta of 1.03. The company has a debt-to-equity ratio of 5.88, a quick ratio of 0.53 and a current ratio of 0.50. The firm’s 50 day moving average price is $120.00 and its 200-day moving average price is $120.82. Churchill Downs has a one year low of $106.45 and a one year high of $150.45.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.78 by $0.35. The firm had revenue of $590.90 million for the quarter, compared to analyst estimates of $565.41 million. Churchill Downs had a net margin of 13.72% and a return on equity of 44.99%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. On average, equities research analysts anticipate that Churchill Downs will post 5.48 EPS for the current year.

Institutional Trading of Churchill Downs

Large investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky increased its position in shares of Churchill Downs by 90.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,898 shares of the company’s stock worth $2,657,000 after acquiring an additional 10,868 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Churchill Downs by 34.9% during the third quarter. Envestnet Asset Management Inc. now owns 148,035 shares of the company’s stock worth $17,178,000 after acquiring an additional 38,298 shares during the period. Fifth Third Bancorp increased its position in shares of Churchill Downs by 15.1% during the fourth quarter. Fifth Third Bancorp now owns 1,437 shares of the company’s stock worth $194,000 after acquiring an additional 189 shares during the period. Vanguard Group Inc. increased its position in shares of Churchill Downs by 0.8% during the third quarter. Vanguard Group Inc. now owns 6,689,337 shares of the company’s stock worth $776,231,000 after acquiring an additional 56,318 shares during the period. Finally, Jennison Associates LLC increased its position in shares of Churchill Downs by 28.9% during the fourth quarter. Jennison Associates LLC now owns 803,074 shares of the company’s stock worth $108,359,000 after acquiring an additional 179,814 shares during the period. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Churchill Downs Company Profile

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; and casino gaming.