Churchill Downs, Incorporated (NASDAQ:CHDN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Churchill Downs, Incorporated (NASDAQ:CHDN) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $135.10.

Several brokerages recently weighed in on CHDN. Wells Fargo & Company reaffirmed an “overweight” rating and set a $125.00 price target (up from $115.00) on shares of Churchill Downs in a report on Monday, January 5th. Citigroup restated an “outperform” rating on shares of Churchill Downs in a research report on Wednesday, January 14th. Citizens Jmp raised their target price on shares of Churchill Downs from $142.00 to $146.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Churchill Downs in a research note on Wednesday, December 24th.

Hedge Funds Weigh In On Churchill Downs

A number of large investors have recently modified their holdings of CHDN. Allworth Financial LP boosted its stake in shares of Churchill Downs by 1.5% in the third quarter. Allworth Financial LP now owns 7,549 shares of the company’s stock valued at $732,000 after buying an additional 109 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Churchill Downs by 4.7% in the third quarter. Quadrant Capital Group LLC now owns 2,619 shares of the company’s stock valued at $254,000 after acquiring an additional 118 shares during the period. GAMMA Investing LLC boosted its position in shares of Churchill Downs by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock worth $67,000 after purchasing an additional 123 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Churchill Downs by 2.0% during the 2nd quarter. Bessemer Group Inc. now owns 6,474 shares of the company’s stock worth $654,000 after purchasing an additional 126 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of Churchill Downs by 1.1% during the 4th quarter. Park Avenue Securities LLC now owns 12,132 shares of the company’s stock worth $1,380,000 after purchasing an additional 136 shares during the period. 82.59% of the stock is owned by hedge funds and other institutional investors.

Churchill Downs Stock Up 0.3%

Churchill Downs stock opened at $94.00 on Tuesday. The stock has a 50 day moving average of $103.95 and a two-hundred day moving average of $102.03. Churchill Downs has a twelve month low of $85.58 and a twelve month high of $119.11. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.36 and a beta of 0.67. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 4.87.

About Churchill Downs

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.