6,216 Shares in Churchill Downs, Incorporated $CHDN Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in Churchill Downs, Incorporated (NASDAQ:CHDN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,216 shares of the company’s stock, valued at approximately $557,000.

A number of other large investors also recently bought and sold shares of CHDN. Measured Wealth Private Client Group LLC purchased a new stake in shares of Churchill Downs in the 3rd quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its stake in shares of Churchill Downs by 1,364.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock valued at $28,000 after purchasing an additional 232 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Churchill Downs by 293.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 256 shares of the company’s stock valued at $29,000 after buying an additional 191 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Churchill Downs during the second quarter valued at approximately $29,000. Finally, Root Financial Partners LLC raised its stake in Churchill Downs by 1,173.1% in the first quarter. Root Financial Partners LLC now owns 331 shares of the company’s stock worth $30,000 after buying an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating on shares of Churchill Downs in a research note on Thursday, July 2nd. Mizuho lifted their target price on Churchill Downs from $155.00 to $157.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Citizens Jmp reduced their target price on shares of Churchill Downs from $149.00 to $137.00 and set a “market outperform” rating for the company in a report on Friday, July 31st. Truist Financial set a $145.00 price target on shares of Churchill Downs in a research report on Friday, June 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Churchill Downs in a report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Churchill Downs presently has an average rating of “Moderate Buy” and an average target price of $136.88.

Churchill Downs Trading Down 1.2%

Shares of NASDAQ:CHDN opened at $86.51 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 3.06. Churchill Downs, Incorporated has a 52-week low of $79.40 and a 52-week high of $118.35. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 0.83 and a beta of 0.68. The business has a 50-day moving average price of $87.21 and a 200-day moving average price of $88.67.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $3.45 EPS for the quarter, meeting the consensus estimate of $3.45. Churchill Downs had a net margin of 13.82% and a return on equity of 42.16%. The company had revenue of $980.00 million for the quarter, compared to analyst estimates of $977.38 million. During the same period in the prior year, the company earned $3.10 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Equities analysts predict that Churchill Downs, Incorporated will post 7.14 EPS for the current year.

About Churchill Downs

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.