Vestor Capital LLC Invests $45,000 in Churchill Downs Incorporated (NASDAQ:CHDN)

Vestor Capital LLC acquired a new stake in shares of Churchill Downs Incorporated (NASDAQ:CHDN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 332 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds also recently made changes to their positions in the company. Barlow Wealth Partners Inc. purchased a new position in Churchill Downs during the fourth quarter valued at approximately $20,669,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Churchill Downs by 90.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,898 shares of the company’s stock valued at $2,657,000 after buying an additional 10,868 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Churchill Downs by 34.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 148,035 shares of the company’s stock worth $17,178,000 after buying an additional 38,298 shares during the period. Fifth Third Bancorp increased its stake in Churchill Downs by 15.1% in the 4th quarter. Fifth Third Bancorp now owns 1,437 shares of the company’s stock worth $194,000 after buying an additional 189 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Churchill Downs by 0.8% during the third quarter. Vanguard Group Inc. now owns 6,689,337 shares of the company’s stock valued at $776,231,000 after acquiring an additional 56,318 shares during the period. 82.59% of the stock is currently owned by institutional investors.

Insider Transactions at Churchill Downs

In other news, Director Paul C. Varga acquired 3,800 shares of the business’s stock in a transaction on Monday, April 29th. The shares were acquired at an average price of $130.22 per share, for a total transaction of $494,836.00. Following the completion of the transaction, the director now directly owns 28,902 shares of the company’s stock, valued at approximately $3,763,618.44. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CHDN shares. JMP Securities reaffirmed a “market outperform” rating and issued a $156.00 price objective on shares of Churchill Downs in a research note on Monday. Mizuho increased their price objective on shares of Churchill Downs from $142.00 to $143.00 and gave the company a “buy” rating in a report on Friday, April 26th. Truist Financial lifted their price objective on shares of Churchill Downs from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Stifel Nicolaus upped their target price on shares of Churchill Downs from $150.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, StockNews.com upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a report on Friday, April 26th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $145.25.

Churchill Downs Price Performance

CHDN stock traded down $0.70 during trading on Thursday, hitting $138.40. 525,897 shares of the company’s stock traded hands, compared to its average volume of 408,283. Churchill Downs Incorporated has a 52 week low of $106.45 and a 52 week high of $147.30. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 3.81 and a beta of 0.99. The business has a fifty day simple moving average of $122.52 and a 200 day simple moving average of $122.16. The company has a debt-to-equity ratio of 5.88, a quick ratio of 0.50 and a current ratio of 0.50.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.35. Churchill Downs had a net margin of 13.72% and a return on equity of 44.99%. The firm had revenue of $590.90 million during the quarter, compared to the consensus estimate of $565.41 million. During the same quarter last year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts expect that Churchill Downs Incorporated will post 5.72 EPS for the current fiscal year.

About Churchill Downs

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; and casino gaming.