Churchill Downs Incorporated (NASDAQ:CHDN) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its holdings in Churchill Downs Incorporated (NASDAQ:CHDN) by 23.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,232 shares of the company’s stock after purchasing an additional 419 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Churchill Downs were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CHDN. M&T Bank Corp boosted its holdings in shares of Churchill Downs by 5.2% during the fourth quarter. M&T Bank Corp now owns 2,399 shares of the company’s stock valued at $324,000 after acquiring an additional 118 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in shares of Churchill Downs by 4.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 2,575 shares of the company’s stock valued at $327,000 after acquiring an additional 121 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of Churchill Downs by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 32,082 shares of the company’s stock valued at $3,723,000 after acquiring an additional 130 shares during the period. Argent Trust Co boosted its holdings in shares of Churchill Downs by 5.1% during the third quarter. Argent Trust Co now owns 3,138 shares of the company’s stock valued at $364,000 after acquiring an additional 152 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Churchill Downs by 15.1% during the fourth quarter. Fifth Third Bancorp now owns 1,437 shares of the company’s stock valued at $194,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds own 82.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHDN. Truist Financial boosted their price target on shares of Churchill Downs from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, April 26th. Mizuho boosted their price target on shares of Churchill Downs from $142.00 to $143.00 and gave the company a “buy” rating in a report on Friday, April 26th. Stifel Nicolaus boosted their price target on shares of Churchill Downs from $150.00 to $153.00 and gave the company a “buy” rating in a report on Friday, April 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $156.00 price objective on shares of Churchill Downs in a report on Monday, May 6th. Finally, StockNews.com upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.25.

Insider Buying and Selling

In related news, Director Paul C. Varga purchased 3,800 shares of the company’s stock in a transaction on Monday, April 29th. The shares were bought at an average price of $130.22 per share, with a total value of $494,836.00. Following the completion of the acquisition, the director now owns 28,902 shares of the company’s stock, valued at $3,763,618.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.13% of the stock is currently owned by insiders.

Churchill Downs Trading Down 1.2 %

Shares of CHDN stock opened at $132.99 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 5.88. The stock has a 50-day simple moving average of $127.02 and a 200 day simple moving average of $123.98. Churchill Downs Incorporated has a fifty-two week low of $106.45 and a fifty-two week high of $142.90. The stock has a market capitalization of $9.78 billion, a P/E ratio of 29.62, a P/E/G ratio of 3.75 and a beta of 0.99.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data 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. Churchill Downs had a net margin of 13.72% and a return on equity of 44.99%. The company had revenue of $590.90 million during the quarter, compared to analyst estimates of $565.41 million. During the same quarter last year, the firm posted $0.98 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, sell-side analysts expect that Churchill Downs Incorporated will post 5.83 earnings per share for the current fiscal year.

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.