California State Teachers Retirement System lessened its holdings in Churchill Downs, Inc. (NASDAQ:CHDN) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,527 shares of the company’s stock after selling 720 shares during the period. California State Teachers Retirement System’s holdings in Churchill Downs were worth $5,010,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in CHDN. BlackRock Inc. lifted its position in Churchill Downs by 1.7% during the 4th quarter. BlackRock Inc. now owns 1,364,375 shares of the company’s stock worth $317,491,000 after acquiring an additional 23,081 shares during the last quarter. Geode Capital Management LLC lifted its position in Churchill Downs by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 117,933 shares of the company’s stock worth $27,443,000 after acquiring an additional 839 shares during the last quarter. Teachers Advisors LLC lifted its position in Churchill Downs by 3.5% during the 4th quarter. Teachers Advisors LLC now owns 114,171 shares of the company’s stock worth $26,568,000 after acquiring an additional 3,842 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in Churchill Downs by 0.9% during the 1st quarter. Loomis Sayles & Co. L P now owns 98,862 shares of the company’s stock worth $24,127,000 after acquiring an additional 903 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Churchill Downs by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 82,291 shares of the company’s stock worth $20,083,000 after acquiring an additional 1,074 shares during the last quarter. 70.97% of the stock is owned by institutional investors and hedge funds.
Churchill Downs opened at $299.00 on Thursday, MarketBeat Ratings reports. Churchill Downs, Inc. has a 52-week low of $178.85 and a 52-week high of $314.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.57. The stock has a market cap of $3.95 billion, a PE ratio of 50.85 and a beta of 0.99.
Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, April 25th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.15. Churchill Downs had a net margin of 27.77% and a return on equity of 20.96%. The company had revenue of $189.30 million for the quarter, compared to the consensus estimate of $177.80 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. research analysts expect that Churchill Downs, Inc. will post 10.7 earnings per share for the current year.
A number of research analysts have weighed in on CHDN shares. Zacks Investment Research raised shares of Churchill Downs from a “hold” rating to a “buy” rating and set a $332.00 target price for the company in a research report on Monday. BidaskClub lowered shares of Churchill Downs from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 2nd. ValuEngine raised shares of Churchill Downs from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Finally, Telsey Advisory Group boosted their target price on shares of Churchill Downs from $265.00 to $290.00 and gave the stock a “market perform” rating in a research report on Monday, May 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Churchill Downs has a consensus rating of “Buy” and a consensus price target of $272.75.
Churchill Downs Profile
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, TwinSpires, and Other Investments segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 11 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 12 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
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