Town & Country Bank & Trust CO dba First Bankers Trust CO Buys 14,298 Shares of Churchill Downs, Incorporated $CHDN

Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in Churchill Downs, Incorporated (NASDAQ:CHDN) by 108.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,531 shares of the company’s stock after acquiring an additional 14,298 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Churchill Downs were worth $2,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CHDN. First Horizon Corp bought a new position in Churchill Downs in the 3rd quarter worth approximately $26,000. Quent Capital LLC acquired a new stake in shares of Churchill Downs in the 3rd quarter valued at $27,000. Geneos Wealth Management Inc. raised its position 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 worth $28,000 after acquiring an additional 232 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Churchill Downs by 1,670.6% in the third quarter. Farther Finance Advisors LLC now owns 301 shares of the company’s stock valued at $29,000 after acquiring an additional 284 shares during the last quarter. Finally, MAI Capital Management boosted its holdings in Churchill Downs by 306.9% in the second quarter. MAI Capital Management now owns 293 shares of the company’s stock valued at $30,000 after acquiring an additional 221 shares during the last quarter. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Churchill Downs Stock Performance

Shares of Churchill Downs stock opened at $97.93 on Friday. The stock’s fifty day simple moving average is $110.22 and its 200 day simple moving average is $103.75. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 4.87. The company has a market capitalization of $6.83 billion, a PE ratio of 17.81, a PEG ratio of 1.47 and a beta of 0.68. Churchill Downs, Incorporated has a 12 month low of $85.58 and a 12 month high of $126.60.

Analysts Set New Price Targets

A number of research analysts have issued reports on CHDN shares. Barclays upped their target price on shares of Churchill Downs from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Citigroup restated an “outperform” rating on shares of Churchill Downs in a report on Wednesday, January 14th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Churchill Downs in a report on Wednesday, December 24th. JPMorgan Chase & Co. cut their price target on Churchill Downs from $130.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Finally, Macquarie reaffirmed an “outperform” rating and set a $155.00 price objective on shares of Churchill Downs in a research note on Friday, October 24th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.36.

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.