Churchill Downs Incorporated (NASDAQ:CHDN) Receives $156.90 Average Price Target from Brokerages

by · The Markets Daily

Churchill Downs Incorporated (NASDAQ:CHDN – Get Free Report) has been assigned a consensus recommendation of “Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $156.90.

A number of equities research analysts have weighed in on CHDN shares. Jefferies Financial Group upped their price objective on shares of Churchill Downs from $153.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Wells Fargo & Company raised their price objective on Churchill Downs from $150.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Mizuho boosted their target price on Churchill Downs from $143.00 to $157.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, JMP Securities lifted their price target on Churchill Downs from $158.00 to $166.00 and gave the stock a “market outperform” rating in a research report on Friday, July 26th.

Check Out Our Latest Stock Analysis on Churchill Downs

Institutional Trading of Churchill Downs

A number of institutional investors have recently made changes to their positions in CHDN. BNP Paribas Financial Markets lifted its position in Churchill Downs by 19.8% during the fourth quarter. BNP Paribas Financial Markets now owns 4,149 shares of the company’s stock valued at $560,000 after purchasing an additional 686 shares during the period. Norges Bank purchased a new position in shares of Churchill Downs in the 4th quarter worth $94,137,000. Coldstream Capital Management Inc. grew its holdings in shares of Churchill Downs by 23.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,232 shares of the company’s stock worth $301,000 after acquiring an additional 419 shares during the period. Wells Fargo & Company MN increased its position in Churchill Downs by 57.1% during the fourth quarter. Wells Fargo & Company MN now owns 156,226 shares of the company’s stock valued at $21,080,000 after acquiring an additional 56,813 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in Churchill Downs by 65.2% during the fourth quarter. Corient Private Wealth LLC now owns 7,153 shares of the company’s stock valued at $965,000 after acquiring an additional 2,822 shares during the last quarter. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Churchill Downs Trading Down 0.4 %

CHDN opened at $137.18 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.65. Churchill Downs has a 52 week low of $106.45 and a 52 week high of $146.64. The stock has a market cap of $10.08 billion, a PE ratio of 30.55, a PEG ratio of 2.04 and a beta of 0.97. The business has a 50 day moving average of $138.45 and a 200-day moving average of $133.04.

Churchill Downs (NASDAQ:CHDN – Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.71 by $0.18. The business had revenue of $890.70 million during the quarter, compared to analyst estimates of $858.59 million. Churchill Downs had a return on equity of 47.53% and a net margin of 15.61%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.24 earnings per share. Equities research analysts predict that Churchill Downs will post 6.17 earnings per share for the current fiscal year.

Churchill Downs Company Profile

(Get Free Report

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.

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