Richard L. Duchossois Purchases 2,080 Shares of Churchill Downs, Inc. (CHDN) Stock

Churchill Downs, Inc. (NASDAQ:CHDN) Director Richard L. Duchossois acquired 2,080 shares of the firm’s stock in a transaction dated Tuesday, April 3rd. The stock was purchased at an average cost of $240.65 per share, with a total value of $500,552.00. Following the completion of the acquisition, the director now directly owns 16,290 shares of the company’s stock, valued at approximately $3,920,188.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ CHDN opened at $238.80 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.57 and a quick ratio of 0.57. Churchill Downs, Inc. has a 1-year low of $154.65 and a 1-year high of $279.45. The firm has a market cap of $3,275.65, a P/E ratio of 40.61, a P/E/G ratio of 1.33 and a beta of 1.05.

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Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.44). Churchill Downs had a return on equity of 16.80% and a net margin of 11.47%. The company had revenue of $179.00 million for the quarter, compared to analyst estimates of $255.33 million. During the same period in the prior year, the business earned $1.60 earnings per share. Churchill Downs’s revenue for the quarter was up 10.7% compared to the same quarter last year. sell-side analysts predict that Churchill Downs, Inc. will post 11.38 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Churchill Downs by 1.7% during the fourth quarter. BlackRock Inc. now owns 1,364,375 shares of the company’s stock worth $317,491,000 after purchasing an additional 23,081 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Churchill Downs by 89.7% during the fourth quarter. Acadian Asset Management LLC now owns 213,914 shares of the company’s stock worth $49,775,000 after purchasing an additional 101,124 shares during the period. Cypress Funds LLC lifted its holdings in shares of Churchill Downs by 13.0% during the fourth quarter. Cypress Funds LLC now owns 183,000 shares of the company’s stock worth $42,584,000 after purchasing an additional 21,000 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Churchill Downs by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 176,823 shares of the company’s stock worth $36,461,000 after purchasing an additional 4,786 shares during the period. Finally, Citadel Advisors LLC lifted its holdings in shares of Churchill Downs by 110.3% during the fourth quarter. Citadel Advisors LLC now owns 159,592 shares of the company’s stock worth $37,137,000 after purchasing an additional 83,688 shares during the period. 82.37% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on CHDN. Telsey Advisory Group began coverage on Churchill Downs in a report on Tuesday, March 13th. They issued a “market perform” rating and a $265.00 price objective for the company. Zacks Investment Research downgraded Churchill Downs from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Jefferies Group assumed coverage on Churchill Downs in a report on Thursday, January 18th. They set a “hold” rating and a $261.00 price target for the company. Finally, BidaskClub raised Churchill Downs from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 10th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $254.25.

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Churchill Downs Company Profile

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 five segments: Racing, Casinos, TwinSpires, Other Investments and Corporate.

Insider Buying and Selling by Quarter for Churchill Downs (NASDAQ:CHDN)

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