Interval Partners LP Invests $18.32 Million in Churchill Downs, Incorporated $CHDN

Interval Partners LP acquired a new position in Churchill Downs, Incorporated (NASDAQ:CHDN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 161,045 shares of the company’s stock, valued at approximately $18,324,000. Interval Partners LP owned 0.23% of Churchill Downs as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in Churchill Downs by 6,547.6% during the 4th quarter. Fifth Third Bancorp now owns 52,649 shares of the company’s stock valued at $5,990,000 after purchasing an additional 51,857 shares during the period. JPMorgan Chase & Co. raised its stake in Churchill Downs by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,834 shares of the company’s stock valued at $21,326,000 after purchasing an additional 16,646 shares during the period. UBS Group AG raised its stake in Churchill Downs by 26.9% during the 4th quarter. UBS Group AG now owns 350,982 shares of the company’s stock valued at $39,935,000 after purchasing an additional 74,421 shares during the period. Fieldview Capital Management LLC bought a new stake in Churchill Downs during the 3rd quarter valued at approximately $3,869,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in Churchill Downs during the 3rd quarter valued at approximately $1,158,000. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Stock Performance

NASDAQ:CHDN opened at $87.76 on Thursday. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.54 and a quick ratio of 0.54. Churchill Downs, Incorporated has a 1 year low of $80.24 and a 1 year high of $118.46. The stock’s 50 day simple moving average is $89.70 and its two-hundred day simple moving average is $96.39. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 0.59 and a beta of 0.68.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. Churchill Downs had a return on equity of 43.50% and a net margin of 13.21%.The business had revenue of $663.00 million for the quarter, compared to the consensus estimate of $659.32 million. During the same quarter in the previous year, the company posted $1.07 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Churchill Downs, Incorporated will post 7.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHDN has been the topic of several recent analyst reports. Citizens Jmp lifted their target price on Churchill Downs from $146.00 to $149.00 and gave the company a “market outperform” rating in a research note on Friday, April 24th. Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a research note on Tuesday, April 21st. Citigroup reissued an “outperform” rating on shares of Churchill Downs in a research note on Friday, April 24th. Mizuho lifted their target price on Churchill Downs from $146.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $130.00 target price (up from $124.00) on shares of Churchill Downs in a research note on Thursday, April 16th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $139.00.

Churchill Downs Profile

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.