Great West Life Assurance Co. Can Sells 258 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Great West Life Assurance Co. Can decreased its holdings in Churchill Downs Incorporated (NASDAQ:CHDNGet Rating) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,290 shares of the company’s stock after selling 258 shares during the period. Great West Life Assurance Co. Can’s holdings in Churchill Downs were worth $3,920,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CHDN. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Churchill Downs by 16.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,489 shares of the company’s stock worth $996,000 after acquiring an additional 631 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Churchill Downs by 78.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 684 shares of the company’s stock worth $152,000 after acquiring an additional 300 shares during the period. Citigroup Inc. grew its holdings in shares of Churchill Downs by 24.8% in the first quarter. Citigroup Inc. now owns 21,849 shares of the company’s stock worth $4,845,000 after acquiring an additional 4,345 shares during the period. BlackRock Inc. grew its holdings in shares of Churchill Downs by 2.2% in the first quarter. BlackRock Inc. now owns 3,380,964 shares of the company’s stock worth $749,830,000 after acquiring an additional 73,505 shares during the period. Finally, Synovus Financial Corp grew its holdings in shares of Churchill Downs by 7.3% in the first quarter. Synovus Financial Corp now owns 5,558 shares of the company’s stock worth $1,234,000 after acquiring an additional 380 shares during the period. Institutional investors own 72.61% of the company’s stock.

Churchill Downs Trading Up 4.0 %

Shares of NASDAQ CHDN opened at $243.12 on Monday. The business’s 50 day moving average is $219.48 and its two-hundred day moving average is $209.11. The company has a debt-to-equity ratio of 5.18, a current ratio of 3.67 and a quick ratio of 3.67. Churchill Downs Incorporated has a 1-year low of $172.75 and a 1-year high of $249.33. The stock has a market capitalization of $9.09 billion, a P/E ratio of 19.50 and a beta of 1.10.

Churchill Downs (NASDAQ:CHDNGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.32. Churchill Downs had a return on equity of 66.95% and a net margin of 28.43%. The company had revenue of $383.10 million for the quarter, compared to analysts’ expectations of $396.83 million. As a group, research analysts expect that Churchill Downs Incorporated will post 8.41 EPS for the current year.

Churchill Downs Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, January 6th. Shareholders of record on Friday, December 2nd were paid a dividend of $0.714 per share. This is a boost from Churchill Downs’s previous annual dividend of $0.67. This represents a yield of 0.36%. The ex-dividend date was Thursday, December 1st. Churchill Downs’s payout ratio is presently 5.69%.

Wall Street Analyst Weigh In

CHDN has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Churchill Downs in a report on Thursday, December 8th. They issued a “neutral” rating and a $243.00 price objective for the company. Wells Fargo & Company lowered their target price on Churchill Downs from $268.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 14th. JMP Securities began coverage on Churchill Downs in a research report on Tuesday, January 17th. They set an “outperform” rating and a $273.00 target price on the stock. Susquehanna lifted their target price on Churchill Downs from $250.00 to $280.00 and gave the company a “positive” rating in a research report on Friday. Finally, StockNews.com began coverage on Churchill Downs in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.20.

Churchill Downs Profile

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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. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games.

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Institutional Ownership by Quarter for Churchill Downs (NASDAQ:CHDN)

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