Dockside LLC Buys Shares of 7,955 Churchill Downs, Incorporated $CHDN

Dockside LLC bought a new stake in Churchill Downs, Incorporated (NASDAQ:CHDN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,955 shares of the company’s stock, valued at approximately $905,000.

A number of other large investors also recently bought and sold shares of CHDN. Measured Wealth Private Client Group LLC acquired a new position in Churchill Downs in the third quarter valued at about $25,000. Geneos Wealth Management Inc. lifted its position in Churchill Downs by 1,364.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock valued at $28,000 after buying an additional 232 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Churchill Downs by 293.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 256 shares of the company’s stock valued at $29,000 after buying an additional 191 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Churchill Downs in the fourth quarter valued at about $38,000. Finally, TFC Financial Management Inc. acquired a new position in Churchill Downs in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CHDN shares. Citizens Jmp upped their target price on shares of Churchill Downs from $146.00 to $149.00 and gave the company a “market outperform” rating in a research report on Friday, April 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Churchill Downs in a research report on Tuesday, April 21st. Truist Financial set a $145.00 target price on shares of Churchill Downs in a research report on Friday. Citigroup reaffirmed an “outperform” rating on shares of Churchill Downs in a research report on Friday, April 24th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $130.00 price target (up from $124.00) on shares of Churchill Downs in a research report on Thursday, April 16th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Churchill Downs presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.00.

Churchill Downs Stock Performance

Shares of Churchill Downs stock opened at $86.94 on Monday. The firm has a market capitalization of $6.06 billion, a P/E ratio of 16.10, a P/E/G ratio of 0.57 and a beta of 0.68. Churchill Downs, Incorporated has a 52 week low of $80.24 and a 52 week high of $118.46. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.44. The firm’s 50 day moving average is $89.66 and its two-hundred day moving average is $96.77.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. The company had revenue of $663.00 million for the quarter, compared to analyst estimates of $659.32 million. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 earnings per share. Research analysts forecast that Churchill Downs, Incorporated will post 7.32 EPS for the current fiscal year.

Churchill Downs Profile

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.