Gotham Asset Management LLC Buys 85,799 Shares of Churchill Downs, Incorporated $CHDN

Gotham Asset Management LLC boosted its stake in Churchill Downs, Incorporated (NASDAQ:CHDN) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 496,205 shares of the company’s stock after acquiring an additional 85,799 shares during the period. Gotham Asset Management LLC owned 0.71% of Churchill Downs worth $56,458,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp raised its position in shares of Churchill Downs by 6,547.6% in the fourth quarter. Fifth Third Bancorp now owns 52,649 shares of the company’s stock valued at $5,990,000 after purchasing an additional 51,857 shares during the period. JPMorgan Chase & Co. raised its position in shares of Churchill Downs by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 219,834 shares of the company’s stock valued at $21,326,000 after purchasing an additional 16,646 shares during the period. UBS Group AG raised its position in shares of Churchill Downs by 26.9% in the fourth quarter. UBS Group AG now owns 350,982 shares of the company’s stock valued at $39,935,000 after purchasing an additional 74,421 shares during the period. Fieldview Capital Management LLC bought a new stake in shares of Churchill Downs in the third quarter valued at approximately $3,869,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Churchill Downs in the third quarter valued at approximately $1,158,000. Institutional investors own 82.59% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on CHDN shares. Wells Fargo & Company reissued an “overweight” rating and issued a $130.00 price target (up from $124.00) on shares of Churchill Downs in a research report on Thursday, April 16th. Citizens Jmp boosted their price objective on shares of Churchill Downs from $146.00 to $149.00 and gave the company a “market outperform” rating in a research note on Friday, April 24th. Weiss Ratings cut shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Citigroup reissued an “outperform” rating on shares of Churchill Downs in a research note on Friday, April 24th. Finally, Mizuho boosted their price target on shares of Churchill Downs from $146.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Eleven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Churchill Downs has a consensus rating of “Moderate Buy” and a consensus target price of $139.00.

Churchill Downs Price Performance

CHDN stock opened at $87.76 on Thursday. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.54 and a quick ratio of 0.54. Churchill Downs, Incorporated has a one year low of $80.24 and a one year high of $118.46. The stock has a market cap of $6.12 billion, a PE ratio of 16.25, a P/E/G ratio of 0.59 and a beta of 0.68. The firm has a 50 day simple moving average of $89.70 and a two-hundred day simple moving average of $96.39.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. The business had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $659.32 million. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. On average, analysts predict that Churchill Downs, Incorporated will post 7.32 EPS for the current fiscal year.

Churchill Downs Company Profile

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.