K.J. Harrison & Partners Inc Buys 350 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

K.J. Harrison & Partners Inc boosted its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,350 shares of the company’s stock after acquiring an additional 350 shares during the period. K.J. Harrison & Partners Inc’s holdings in Churchill Downs were worth $2,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Churchill Downs by 0.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 19,160 shares of the company’s stock worth $2,223,000 after purchasing an additional 100 shares in the last quarter. SeaCrest Wealth Management LLC boosted its stake in Churchill Downs by 4.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 2,575 shares of the company’s stock worth $327,000 after purchasing an additional 121 shares during the period. Lmcg Investments LLC grew its holdings in Churchill Downs by 2.2% during the 3rd quarter. Lmcg Investments LLC now owns 5,916 shares of the company’s stock valued at $686,000 after buying an additional 130 shares in the last quarter. Treasurer of the State of North Carolina raised its position 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 buying an additional 130 shares during the last quarter. Finally, Argent Trust Co lifted its holdings in shares of Churchill Downs by 5.1% in the third quarter. Argent Trust Co now owns 3,138 shares of the company’s stock worth $364,000 after buying an additional 152 shares in the last quarter. Institutional investors own 82.59% of the company’s stock.

Analysts Set New Price Targets

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

Churchill Downs Trading Up 0.2 %

Shares of NASDAQ:CHDN traded up $0.21 during trading on Friday, reaching $129.44. The company’s stock had a trading volume of 564,088 shares, compared to its average volume of 388,341. Churchill Downs Incorporated has a 12 month low of $106.45 and a 12 month high of $150.45. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 5.34. The firm’s 50 day simple moving average is $119.79 and its two-hundred day simple moving average is $120.64. The stock has a market capitalization of $9.54 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 8.59 and a beta of 1.03.

Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, April 24th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.35. Churchill Downs had a return on equity of 44.33% and a net margin of 13.72%. The firm had revenue of $590.90 million during the quarter, compared to analysts’ expectations of $565.41 million. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts predict that Churchill Downs Incorporated will post 5.48 EPS 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.