Churchill Downs, Incorporated $CHDN Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP boosted its holdings in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 6.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 219,610 shares of the company’s stock after buying an additional 13,019 shares during the quarter. Systematic Financial Management LP’s holdings in Churchill Downs were worth $19,728,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Churchill Downs during the third quarter valued at approximately $25,000. Geneos Wealth Management Inc. grew its holdings 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 buying an additional 232 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Churchill Downs by 293.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 256 shares of the company’s stock worth $29,000 after acquiring an additional 191 shares during the last quarter. Root Financial Partners LLC grew its stake in Churchill Downs by 1,173.1% during the 1st quarter. Root Financial Partners LLC now owns 331 shares of the company’s stock valued at $30,000 after acquiring an additional 305 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Churchill Downs in the 4th quarter valued at about $38,000. 82.59% of the stock is owned by hedge funds and other institutional investors.

Churchill Downs Trading Up 2.0%

Shares of CHDN stock opened at $83.75 on Friday. The company has a market capitalization of $5.84 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 0.53 and a beta of 0.67. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.44. The business’s 50 day moving average is $86.78 and its two-hundred day moving average is $91.31. Churchill Downs, Incorporated has a twelve month low of $80.24 and a twelve month high of $118.46.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results 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 net margin of 13.21% and a return on equity of 43.50%. The business had revenue of $663.00 million for the quarter, compared to analyst estimates of $659.32 million. During the same period in the previous year, the business posted $1.07 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast that Churchill Downs, Incorporated will post 7.14 EPS for the current year.

Wall Street Analyst Weigh In

CHDN has been the topic of a number of analyst reports. Truist Financial set a $145.00 target price on shares of Churchill Downs in a research note on Friday, June 12th. Mizuho increased their price target on shares of Churchill Downs from $146.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings lowered shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Citizens Jmp boosted their price target on shares of Churchill Downs from $146.00 to $149.00 and gave the stock a “market outperform” rating in a research note on Friday, April 24th. Finally, Citigroup reiterated an “outperform” rating on shares of Churchill Downs in a research note on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $138.50.

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.