Churchill Downs Incorporated (NASDAQ:CHDN) Receives $143.13 Consensus Price Target from Analysts

Churchill Downs Incorporated (NASDAQ:CHDN) has earned an average rating of “Buy” from the eight analysts that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $143.13.

A number of brokerages recently commented on CHDN. Wells Fargo & Company raised shares of Churchill Downs from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $137.00 to $141.00 in a research note on Monday, April 15th. JMP Securities reissued a “market outperform” rating and issued a $150.00 price objective on shares of Churchill Downs in a research note on Wednesday, April 10th. Finally, Mizuho began coverage on shares of Churchill Downs in a research note on Tuesday, March 26th. They issued a “buy” rating and a $142.00 price objective for the company.

Churchill Downs Price Performance

NASDAQ:CHDN opened at $123.39 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.34. The business’s 50-day simple moving average is $119.55 and its two-hundred day simple moving average is $120.56. The stock has a market cap of $9.09 billion, a PE ratio of 22.62, a P/E/G ratio of 8.41 and a beta of 1.03. Churchill Downs has a 52 week low of $106.45 and a 52 week high of $150.45.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.18. The firm had revenue of $561.20 million during the quarter, compared to analyst estimates of $553.05 million. Churchill Downs had a return on equity of 45.43% and a net margin of 16.95%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 earnings per share. As a group, analysts forecast that Churchill Downs will post 5.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Churchill Downs

Institutional investors and hedge funds have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. acquired a new stake in Churchill Downs during the 4th quarter valued at $39,000. Vestor Capital LLC acquired a new stake in Churchill Downs during the 4th quarter valued at $45,000. GAMMA Investing LLC acquired a new stake in Churchill Downs during the 4th quarter valued at $66,000. Covestor Ltd grew its holdings in Churchill Downs by 44.0% during the 3rd quarter. Covestor Ltd now owns 848 shares of the company’s stock valued at $98,000 after purchasing an additional 259 shares in the last quarter. Finally, KBC Group NV acquired a new stake in Churchill Downs during the 4th quarter valued at $149,000. Hedge funds and other institutional investors own 82.59% of the company’s stock.

About Churchill Downs

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.