Impact Partnership Wealth LLC Invests $530,000 in Churchill Downs, Incorporated $CHDN

Impact Partnership Wealth LLC purchased a new stake in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 5,899 shares of the company’s stock, valued at approximately $530,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC acquired a new stake in Churchill Downs during the third quarter worth $25,000. Geneos Wealth Management Inc. raised its position in Churchill Downs by 1,364.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock valued at $28,000 after purchasing an additional 232 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Churchill Downs by 293.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 256 shares of the company’s stock valued at $29,000 after purchasing an additional 191 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Churchill Downs in the 4th quarter valued at $38,000. Finally, TFC Financial Management Inc. purchased a new position in shares of Churchill Downs during the 4th quarter worth $47,000. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Churchill Downs Stock Down 0.5%

Shares of NASDAQ CHDN opened at $89.15 on Thursday. The stock has a market cap of $6.21 billion, a P/E ratio of 16.51, a PEG ratio of 0.59 and a beta of 0.67. The business’s fifty day simple moving average is $89.13 and its 200-day simple moving average is $94.63. Churchill Downs, Incorporated has a 12-month low of $80.24 and a 12-month high of $118.46. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.44.

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

Analyst Ratings Changes

CHDN has been the subject of a number of recent analyst reports. Citigroup reissued an “outperform” rating on shares of Churchill Downs in a research report on Friday, April 24th. Truist Financial set a $145.00 target price on shares of Churchill Downs in a research report on Friday, June 12th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Churchill Downs in a research note on Tuesday, April 21st. Citizens Jmp lifted their price target on shares of Churchill Downs from $146.00 to $149.00 and gave the company a “market outperform” rating in a research report on Friday, April 24th. Finally, Mizuho boosted their price target on shares of Churchill Downs from $146.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.