Churchill Downs (NASDAQ:CHDN) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Churchill Downs (NASDAQ:CHDN) from a sell rating to a hold rating in a research note published on Friday morning.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus lifted their price target on shares of Churchill Downs from $150.00 to $153.00 and gave the stock a buy rating in a research note on Friday. Mizuho lifted their price target on shares of Churchill Downs from $142.00 to $143.00 and gave the stock a buy rating in a research note on Friday. Wells Fargo & Company raised Churchill Downs from an equal weight rating to an overweight rating and lifted their price objective for the company from $137.00 to $141.00 in a report on Monday, April 15th. JMP Securities reissued a market outperform rating and set a $150.00 price objective on shares of Churchill Downs in a report on Wednesday, April 10th. Finally, Truist Financial lifted their price objective on Churchill Downs from $140.00 to $145.00 and gave the company a buy rating in a report on Friday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $144.50.

Churchill Downs Trading Up 0.2 %

Shares of CHDN stock opened at $129.44 on Friday. Churchill Downs has a 12 month low of $106.45 and a 12 month high of $150.45. The company has a quick ratio of 0.53, a current ratio of 0.50 and a debt-to-equity ratio of 5.88. The business’s 50 day moving average is $120.00 and its two-hundred day moving average is $120.87. The company has a market cap of $9.51 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 9.01 and a beta of 1.03.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.78 by $0.35. The company had revenue of $590.90 million for the quarter, compared to the consensus estimate of $565.41 million. Churchill Downs had a return on equity of 44.99% and a net margin of 13.72%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. Equities analysts predict that Churchill Downs will post 5.48 EPS for the current year.

Hedge Funds Weigh In On Churchill Downs

Several hedge funds have recently bought and sold shares of CHDN. UMB Bank n.a. grew its holdings in shares of Churchill Downs by 59.8% during the 1st quarter. UMB Bank n.a. now owns 286 shares of the company’s stock valued at $35,000 after purchasing an additional 107 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Churchill Downs during the 4th quarter valued at approximately $39,000. Vestor Capital LLC bought a new stake in shares of Churchill Downs during the 4th quarter valued at approximately $45,000. GAMMA Investing LLC bought a new stake in shares of Churchill Downs during the 4th quarter valued at approximately $66,000. Finally, Covestor Ltd grew its holdings in shares of Churchill Downs by 44.0% during the 3rd quarter. Covestor Ltd now owns 848 shares of the company’s stock valued at $98,000 after purchasing an additional 259 shares during the last quarter. 82.59% of the stock is owned by institutional investors.

About Churchill Downs

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.