Churchill Downs (NASDAQ:CHDN) PT Raised to $153.00 at Stifel Nicolaus

Churchill Downs (NASDAQ:CHDN) had its target price hoisted by analysts at Stifel Nicolaus from $150.00 to $153.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 17.46% from the company’s previous close.

A number of other analysts have also commented on the company. Wells Fargo & Company raised Churchill Downs from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $137.00 to $141.00 in a research note on Monday, April 15th. Mizuho raised their price objective on Churchill Downs from $142.00 to $143.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial upped their price target on shares of Churchill Downs from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $150.00 price target on shares of Churchill Downs in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.50.

Churchill Downs Stock Performance

CHDN traded up $1.03 during mid-day trading on Friday, reaching $130.26. 204,329 shares of the company traded hands, compared to its average volume of 383,696. The company’s fifty day moving average price is $119.60 and its 200-day moving average price is $120.58. The stock has a market capitalization of $9.60 billion, a P/E ratio of 28.96, a P/E/G ratio of 8.59 and a beta of 1.03. Churchill Downs has a 52-week low of $106.45 and a 52-week high of $150.45. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.34.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.35. Churchill Downs had a return on equity of 44.33% and a net margin of 13.72%. The business had revenue of $590.90 million for the quarter, compared to analysts’ expectations of $565.41 million. During the same period last year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, sell-side analysts expect that Churchill Downs will post 5.48 EPS for the current year.

Institutional Investors Weigh In On Churchill Downs

A number of large investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its position 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 valued at $2,223,000 after purchasing an additional 100 shares during the period. M&T Bank Corp raised its holdings in Churchill Downs by 5.2% in the 4th quarter. M&T Bank Corp now owns 2,399 shares of the company’s stock worth $324,000 after acquiring an additional 118 shares during the period. SeaCrest Wealth Management LLC lifted its position in Churchill Downs by 4.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 2,575 shares of the company’s stock worth $327,000 after acquiring an additional 121 shares during the last quarter. Lmcg Investments LLC boosted its holdings in Churchill Downs by 2.2% during the third quarter. Lmcg Investments LLC now owns 5,916 shares of the company’s stock valued at $686,000 after acquiring an additional 130 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of Churchill Downs by 0.4% in 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 purchasing an additional 130 shares during the last quarter. 82.59% of the stock is currently owned by institutional investors.

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.