Churchill Downs (NASDAQ:CHDN) Price Target Raised to $145.00 at Truist Financial

Churchill Downs (NASDAQ:CHDN) had its price objective boosted by Truist Financial from $140.00 to $145.00 in a research report report published on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

CHDN has been the topic of a number of other research reports. Wells Fargo & Company raised Churchill Downs from an equal weight rating to an overweight rating and increased their price target for the stock from $137.00 to $141.00 in a research report on Monday, April 15th. Mizuho increased their target price on shares of Churchill Downs from $142.00 to $143.00 and gave the stock a buy rating in a report on Friday. Finally, JMP Securities reiterated a market outperform rating and issued 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 hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $144.50.

Churchill Downs Trading Up 0.2 %

CHDN stock opened at $129.44 on Friday. Churchill Downs has a 12 month low of $106.45 and a 12 month high of $150.45. The firm’s 50-day moving average is $119.79 and its 200 day moving average is $120.64. The company has a market capitalization of $9.51 billion, a PE ratio of 28.83, a P/E/G ratio of 9.00 and a beta of 1.03. The company has a debt-to-equity ratio of 5.88, a current ratio of 0.50 and a quick ratio of 0.53.

Churchill Downs (NASDAQ:CHDN) last issued its earnings results on Wednesday, April 24th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.35. Churchill Downs had a net margin of 13.72% and a return on equity of 44.99%. The business had revenue of $590.90 million for the quarter, compared to the consensus estimate of $565.41 million. During the same period in the prior year, the firm earned $0.98 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, research analysts anticipate that Churchill Downs will post 5.48 EPS for the current year.

Hedge Funds Weigh In On Churchill Downs

Institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. raised its position in Churchill Downs by 59.8% during the first quarter. UMB Bank n.a. now owns 286 shares of the company’s stock valued at $35,000 after acquiring an additional 107 shares in the last quarter. Krilogy Financial LLC grew its stake in shares of Churchill Downs by 8.3% during the 1st quarter. Krilogy Financial LLC now owns 13,018 shares of the company’s stock worth $1,611,000 after purchasing an additional 1,000 shares during the period. Simplicity Wealth LLC purchased a new position in shares of Churchill Downs during the 1st quarter valued at approximately $448,000. Assenagon Asset Management S.A. acquired a new position in shares of Churchill Downs in the 1st quarter valued at $237,000. Finally, Louisiana State Employees Retirement System grew its position in Churchill Downs by 2.1% during the first quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the company’s stock valued at $2,413,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds 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.