Churchill Downs (CHDN) Hits New 52-Week High at $240.20

Churchill Downs, Inc. (NASDAQ:CHDN) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $240.20 and last traded at $237.85, with a volume of 138500 shares. The stock had previously closed at $238.05.

CHDN has been the subject of several research analyst reports. Telsey Advisory Group boosted their target price on Churchill Downs from $182.00 to $196.00 and gave the stock a “market perform” rating in a research note on Thursday, September 14th. Zacks Investment Research downgraded Churchill Downs from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, BidaskClub raised Churchill Downs from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd.

The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $3,660.00, a P/E ratio of 29.69 and a beta of 0.92.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.18. Churchill Downs had a return on equity of 17.48% and a net margin of 9.75%. The company had revenue of $314.80 million during the quarter, compared to the consensus estimate of $308.43 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. equities analysts anticipate that Churchill Downs, Inc. will post 6.95 EPS for the current year.

The company also recently disclosed an annual dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 1st will be paid a $1.52 dividend. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 0.73%. This is an increase from Churchill Downs’s previous annual dividend of $1.32. Churchill Downs’s dividend payout ratio is currently 18.98%.

Churchill Downs declared that its board has initiated a stock buyback plan on Wednesday, November 29th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Several institutional investors have recently added to or reduced their stakes in CHDN. Russell Investments Group Ltd. increased its position in Churchill Downs by 322.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 8,384 shares of the company’s stock valued at $1,537,000 after purchasing an additional 6,400 shares during the period. Sei Investments Co. acquired a new stake in Churchill Downs during the 2nd quarter valued at approximately $314,000. Schwab Charles Investment Management Inc. increased its position in Churchill Downs by 5.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 68,114 shares of the company’s stock valued at $12,486,000 after purchasing an additional 3,297 shares during the period. First Trust Advisors LP increased its position in Churchill Downs by 17.0% during the 2nd quarter. First Trust Advisors LP now owns 8,797 shares of the company’s stock valued at $1,612,000 after purchasing an additional 1,278 shares during the period. Finally, SG Americas Securities LLC increased its position in Churchill Downs by 1.6% during the 2nd quarter. SG Americas Securities LLC now owns 4,233 shares of the company’s stock valued at $776,000 after purchasing an additional 67 shares during the period. 72.50% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3125788/churchill-downs-chdn-hits-new-52-week-high-at-240-20.html.

About Churchill Downs

Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.

Receive News & Ratings for Churchill Downs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Churchill Downs and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.