Mizuho Raises Churchill Downs (NASDAQ:CHDN) Price Target to $143.00

Churchill Downs (NASDAQ:CHDN) had its price target boosted by Mizuho from $142.00 to $143.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued reports about the stock. JMP Securities restated a market outperform rating and issued a $150.00 target price on shares of Churchill Downs in a research note on Wednesday, April 10th. Wells Fargo & Company upgraded shares of Churchill Downs from an equal weight rating to an overweight rating and upped their target price for the company from $137.00 to $141.00 in a research note on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Churchill Downs presently has a consensus rating of Moderate Buy and a consensus price target of $144.50.

Churchill Downs Price Performance

Churchill Downs stock opened at $129.44 on Friday. Churchill Downs has a 52-week low of $106.45 and a 52-week high of $150.45. The firm has a fifty day moving average of $120.00 and a 200-day moving average of $120.87. The firm has a market capitalization of $9.51 billion, a P/E ratio of 28.83, a PEG ratio of 9.01 and a beta of 1.03. The company has a quick ratio of 0.53, a current ratio of 0.50 and a debt-to-equity ratio of 5.88.

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

Institutional Trading of Churchill Downs

A number of institutional investors and hedge funds have recently modified their holdings of CHDN. Norges Bank acquired a new stake in shares of Churchill Downs during the fourth quarter worth $94,137,000. Boston Partners acquired a new stake in shares of Churchill Downs during the third quarter worth $47,479,000. Balyasny Asset Management L.P. raised its holdings in shares of Churchill Downs by 113.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 463,555 shares of the company’s stock worth $62,547,000 after purchasing an additional 246,769 shares during the period. Jennison Associates LLC raised its holdings in shares of Churchill Downs by 28.9% during the fourth quarter. Jennison Associates LLC now owns 803,074 shares of the company’s stock worth $108,359,000 after purchasing an additional 179,814 shares during the period. Finally, Barlow Wealth Partners Inc. acquired a new stake in shares of Churchill Downs during the fourth quarter worth $20,669,000. 82.59% of the stock is owned by institutional investors and hedge funds.

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.