Churchill Downs Incorporated (NASDAQ:CHDN) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lowered its holdings in Churchill Downs Incorporated (NASDAQ:CHDNFree Report) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,550 shares of the company’s stock after selling 420 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Churchill Downs were worth $876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors increased its stake in Churchill Downs by 104.6% during the second quarter. Capital Research Global Investors now owns 5,984,415 shares of the company’s stock valued at $832,851,000 after purchasing an additional 3,059,136 shares during the last quarter. BlackRock Inc. grew its position in shares of Churchill Downs by 99.3% during the 2nd quarter. BlackRock Inc. now owns 5,976,445 shares of the company’s stock valued at $831,742,000 after buying an additional 2,977,747 shares during the last quarter. State Street Corp raised its stake in Churchill Downs by 99.5% during the second quarter. State Street Corp now owns 1,838,002 shares of the company’s stock worth $255,795,000 after acquiring an additional 916,516 shares during the period. London Co. of Virginia lifted its holdings in Churchill Downs by 91.8% in the second quarter. London Co. of Virginia now owns 1,787,461 shares of the company’s stock worth $248,761,000 after acquiring an additional 855,310 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Churchill Downs by 67.1% in the second quarter. Schroder Investment Management Group now owns 2,064,881 shares of the company’s stock worth $287,369,000 after acquiring an additional 828,881 shares during the last quarter. Institutional investors and hedge funds own 72.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CHDN shares. JMP Securities increased their price target on Churchill Downs from $146.00 to $148.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 18th. Truist Financial cut their target price on Churchill Downs from $148.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. StockNews.com lowered shares of Churchill Downs from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Wells Fargo & Company cut shares of Churchill Downs from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $135.00 to $137.00 in a report on Friday, January 5th. Finally, Susquehanna reduced their target price on shares of Churchill Downs from $145.00 to $138.00 and set a “positive” rating for the company in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.43.

View Our Latest Analysis on CHDN

Churchill Downs Stock Performance

CHDN opened at $122.41 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 5.24. The firm has a market cap of $9.13 billion, a PE ratio of 25.99 and a beta of 1.04. The business has a fifty day simple moving average of $125.91 and a 200-day simple moving average of $120.66. Churchill Downs Incorporated has a fifty-two week low of $106.45 and a fifty-two week high of $150.45.

Churchill Downs Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 1st were given a $0.382 dividend. This is a positive change from Churchill Downs’s previous annual dividend of $0.36. The ex-dividend date was Thursday, November 30th. This represents a dividend yield of 0.35%. Churchill Downs’s dividend payout ratio (DPR) is 8.07%.

Churchill Downs Profile

(Free Report)

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

See Also

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

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