Shares of Churchill Downs, Inc. (NASDAQ:CHDN) have received an average recommendation of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $117.00.
A number of research firms have commented on CHDN. BidaskClub raised Churchill Downs from a “hold” rating to a “buy” rating in a research note on Friday, June 7th. ValuEngine raised Churchill Downs from a “sell” rating to a “hold” rating in a research note on Tuesday, June 4th. Jefferies Financial Group boosted their price objective on Churchill Downs from $110.00 to $126.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. Zacks Investment Research lowered Churchill Downs from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Telsey Advisory Group raised Churchill Downs from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $108.00 to $120.00 in a research note on Wednesday, June 5th.
Shares of CHDN stock opened at $114.02 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.22. The firm has a market capitalization of $4.53 billion, a P/E ratio of 31.32, a P/E/G ratio of 1.28 and a beta of 1.18. Churchill Downs has a one year low of $74.58 and a one year high of $115.64.
Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.23. The company had revenue of $265.40 million for the quarter, compared to analyst estimates of $250.57 million. Churchill Downs had a return on equity of 33.97% and a net margin of 16.81%. The business’s revenue was up 40.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Research analysts expect that Churchill Downs will post 4.4 earnings per share for the current fiscal year.
In other Churchill Downs news, Director Karole Lloyd acquired 1,000 shares of Churchill Downs stock in a transaction on Friday, March 22nd. The shares were bought at an average price of $85.22 per share, with a total value of $85,220.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director R Alex Rankin acquired 500 shares of Churchill Downs stock in a transaction on Wednesday, May 1st. The stock was acquired at an average cost of $101.83 per share, for a total transaction of $50,915.00. The disclosure for this purchase can be found here. 13.05% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in shares of Churchill Downs during the fourth quarter worth $37,000. Gemmer Asset Management LLC raised its position in shares of Churchill Downs by 200.0% during the first quarter. Gemmer Asset Management LLC now owns 300 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of Churchill Downs during the first quarter worth $27,000. Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Churchill Downs during the first quarter worth $27,000. Finally, Fifth Third Bancorp raised its position in shares of Churchill Downs by 200.0% during the first quarter. Fifth Third Bancorp now owns 348 shares of the company’s stock worth $31,000 after acquiring an additional 232 shares during the last quarter. 72.24% of the stock is currently owned by institutional investors.
Churchill Downs Company Profile
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
Featured Story: Put Option Volume
Receive News & Ratings for Churchill Downs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Churchill Downs and related companies with MarketBeat.com's FREE daily email newsletter.