Churchill Downs (NASDAQ:CHDN) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, BidAskClub reports.
A number of other research analysts have also weighed in on CHDN. TheStreet lowered Churchill Downs from a “b-” rating to a “c+” rating in a research note on Wednesday, March 18th. Zacks Investment Research lowered Churchill Downs from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised Churchill Downs from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Churchill Downs has a consensus rating of “Buy” and a consensus price target of $131.00.
Shares of NASDAQ:CHDN opened at $98.35 on Friday. The business’s fifty day moving average price is $124.62 and its two-hundred day moving average price is $130.21. The stock has a market cap of $3.52 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.73 and a current ratio of 0.73. Churchill Downs has a one year low of $52.90 and a one year high of $167.52.
Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, February 26th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.48. The firm had revenue of $280.60 million for the quarter, compared to analysts’ expectations of $258.63 million. Churchill Downs had a return on equity of 34.68% and a net margin of 10.34%. As a group, equities research analysts predict that Churchill Downs will post 3.61 earnings per share for the current fiscal year.
In other Churchill Downs news, Director R Alex Rankin purchased 1,000 shares of Churchill Downs stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $125.81 per share, with a total value of $125,810.00. Also, Director Paul C. Varga purchased 1,800 shares of Churchill Downs stock in a transaction on Monday, March 16th. The shares were acquired at an average cost of $77.59 per share, for a total transaction of $139,662.00. Following the purchase, the director now owns 8,000 shares in the company, valued at $620,720. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 5,300 shares of company stock worth $525,957. Corporate insiders own 4.28% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in shares of Churchill Downs during the 4th quarter worth $27,000. Point72 Hong Kong Ltd purchased a new position in shares of Churchill Downs in the 4th quarter worth $28,000. SRS Capital Advisors Inc. purchased a new position in shares of Churchill Downs in the 4th quarter worth $49,000. Orion Portfolio Solutions LLC purchased a new position in shares of Churchill Downs in the 4th quarter worth $54,000. Finally, Ancora Advisors LLC purchased a new position in shares of Churchill Downs in the 4th quarter worth $79,000. 72.23% of the stock is currently owned by institutional investors.
About Churchill Downs
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
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