Arizona State Retirement System Sells 347 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Arizona State Retirement System lessened its holdings in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,837 shares of the company’s stock after selling 347 shares during the quarter. Arizona State Retirement System’s holdings in Churchill Downs were worth $2,542,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Churchill Downs by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,689,337 shares of the company’s stock valued at $776,231,000 after acquiring an additional 56,318 shares during the last quarter. BlackRock Inc. lifted its position in Churchill Downs by 2.2% in the 1st quarter. BlackRock Inc. now owns 3,380,964 shares of the company’s stock worth $749,830,000 after buying an additional 73,505 shares during the last quarter. State Street Corp lifted its position in Churchill Downs by 99.5% in the 2nd quarter. State Street Corp now owns 1,838,002 shares of the company’s stock worth $255,795,000 after buying an additional 916,516 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Churchill Downs by 8.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,086,275 shares of the company’s stock worth $126,051,000 after buying an additional 83,214 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Churchill Downs by 5.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 668,860 shares of the company’s stock worth $77,615,000 after buying an additional 32,751 shares during the last quarter. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Price Performance

Shares of Churchill Downs stock opened at $123.02 on Thursday. The company has a debt-to-equity ratio of 5.34, a current ratio of 0.53 and a quick ratio of 0.53. The business’s 50 day simple moving average is $119.53 and its two-hundred day simple moving average is $120.01. The stock has a market capitalization of $9.07 billion, a P/E ratio of 22.55 and a beta of 1.03. Churchill Downs Incorporated has a one year low of $106.45 and a one year high of $150.45.

Churchill Downs (NASDAQ:CHDN) last posted its earnings results on Wednesday, February 21st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.18. Churchill Downs had a return on equity of 45.43% and a net margin of 16.95%. The firm had revenue of $561.20 million for the quarter, compared to analysts’ expectations of $553.05 million. During the same period in the previous year, the firm earned $0.73 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. Analysts forecast that Churchill Downs Incorporated will post 5.44 EPS for the current year.

Analyst Ratings Changes

CHDN has been the subject of a number of recent research reports. Mizuho initiated coverage on Churchill Downs in a research report on Tuesday, March 26th. They issued a “buy” rating and a $142.00 target price for the company. JMP Securities restated a “market outperform” rating and issued a $150.00 target price on shares of Churchill Downs in a research report on Wednesday. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $137.00 target price on shares of Churchill Downs in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Churchill Downs has a consensus rating of “Moderate Buy” and an average target price of $142.63.

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.