Churchill Downs, Inc. (NASDAQ:CHDN) Given Average Recommendation of “Hold” by Analysts

Shares of Churchill Downs, Inc. (NASDAQ:CHDN) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $132.50.

Several equities analysts have commented on CHDN shares. ValuEngine cut shares of Churchill Downs from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Zacks Investment Research lowered shares of Churchill Downs from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 24th. Finally, BidaskClub raised shares of Churchill Downs from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th.

Shares of CHDN traded down $0.27 during trading hours on Tuesday, reaching $129.40. 174,341 shares of the company’s stock traded hands, compared to its average volume of 274,168. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 35.55, a P/E/G ratio of 1.61 and a beta of 1.22. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.09 and a quick ratio of 1.09. Churchill Downs has a twelve month low of $74.58 and a twelve month high of $135.32. The business’s fifty day simple moving average is $129.28 and its two-hundred day simple moving average is $119.85.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $306.30 million for the quarter, compared to analysts’ expectations of $299.27 million. Churchill Downs had a net margin of 11.43% and a return on equity of 33.71%. The company’s revenue was up 38.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. On average, equities research analysts expect that Churchill Downs will post 4.03 EPS for the current year.

The company also recently declared an annual dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a dividend of $0.581 per share. The ex-dividend date is Thursday, December 5th. This is a boost from Churchill Downs’s previous annual dividend of $0.54. This represents a dividend yield of 0.45%. Churchill Downs’s dividend payout ratio (DPR) is 14.84%.

In other news, Director Karole Lloyd acquired 1,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were bought at an average price of $123.16 per share, with a total value of $123,160.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 13.05% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Millennium Management LLC lifted its stake in Churchill Downs by 101.7% during the third quarter. Millennium Management LLC now owns 610,293 shares of the company’s stock valued at $75,343,000 after purchasing an additional 307,743 shares during the last quarter. Michael & Susan Dell Foundation bought a new stake in shares of Churchill Downs during the 3rd quarter worth $569,000. Sunbelt Securities Inc. acquired a new position in shares of Churchill Downs in the 3rd quarter worth $311,000. California State Teachers Retirement System grew its holdings in shares of Churchill Downs by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 54,775 shares of the company’s stock worth $6,762,000 after acquiring an additional 654 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Churchill Downs by 1.6% during the third quarter. Stifel Financial Corp now owns 95,510 shares of the company’s stock worth $11,794,000 after purchasing an additional 1,495 shares during the period. Institutional investors own 72.22% of the company’s stock.

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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