BidaskClub upgraded shares of Churchill Downs (NASDAQ:CHDN) from a strong sell rating to a sell rating in a report released on Saturday morning.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Churchill Downs from a strong-buy rating to a hold rating in a research note on Tuesday, July 10th. Jefferies Financial Group set a $317.00 target price on Churchill Downs and gave the stock a hold rating in a research report on Monday, August 6th. Finally, ValuEngine cut Churchill Downs from a buy rating to a hold rating in a research report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Churchill Downs currently has an average rating of Hold and an average target price of $314.00.
NASDAQ CHDN opened at $278.95 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.29 and a current ratio of 1.29. Churchill Downs has a 52 week low of $198.90 and a 52 week high of $314.60. The stock has a market capitalization of $3.61 billion, a PE ratio of 26.07, a P/E/G ratio of 1.24 and a beta of 0.96.
Large investors have recently added to or reduced their stakes in the stock. Silvant Capital Management LLC purchased a new stake in shares of Churchill Downs during the first quarter worth about $105,000. Macquarie Group Ltd. purchased a new stake in shares of Churchill Downs during the second quarter worth about $119,000. Fort L.P. purchased a new stake in shares of Churchill Downs during the second quarter worth about $120,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Churchill Downs during the first quarter worth about $125,000. Finally, Synovus Financial Corp purchased a new stake in shares of Churchill Downs during the first quarter worth about $146,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.
Churchill Downs Company Profile
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, TwinSpires, and Other Investments segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 11 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 12 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
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