Churchill Downs, Incorporated $CHDN Shares Acquired by GW&K Investment Management LLC

GW&K Investment Management LLC lifted its holdings in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 682,196 shares of the company’s stock after buying an additional 76,703 shares during the period. GW&K Investment Management LLC’s holdings in Churchill Downs were worth $77,621,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Allworth Financial LP boosted its stake in shares of Churchill Downs by 1.5% during the third quarter. Allworth Financial LP now owns 7,549 shares of the company’s stock worth $732,000 after buying an additional 109 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Churchill Downs by 4.7% during the third quarter. Quadrant Capital Group LLC now owns 2,619 shares of the company’s stock worth $254,000 after buying an additional 118 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Churchill Downs by 1.1% during the fourth quarter. Park Avenue Securities LLC now owns 12,132 shares of the company’s stock worth $1,380,000 after buying an additional 136 shares during the period. Aurora Investment Counsel boosted its stake in shares of Churchill Downs by 0.6% during the third quarter. Aurora Investment Counsel now owns 24,702 shares of the company’s stock worth $2,396,000 after buying an additional 146 shares during the period. Finally, Nebula Research & Development LLC boosted its stake in shares of Churchill Downs by 4.8% during the second quarter. Nebula Research & Development LLC now owns 3,421 shares of the company’s stock worth $346,000 after buying an additional 158 shares during the period. Institutional investors and hedge funds own 82.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings cut shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a report on Tuesday, April 21st. Citigroup reissued an “outperform” rating on shares of Churchill Downs in a report on Friday, April 24th. Wells Fargo & Company reissued an “overweight” rating and set a $130.00 price target (up from $124.00) on shares of Churchill Downs in a report on Thursday, April 16th. Finally, Citizens Jmp increased their price target on shares of Churchill Downs from $146.00 to $149.00 and gave the stock a “market outperform” rating in a report on Friday, April 24th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.00.

Churchill Downs Trading Up 2.3%

Shares of Churchill Downs stock opened at $88.82 on Wednesday. Churchill Downs, Incorporated has a 12-month low of $80.24 and a 12-month high of $118.46. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.44. The stock has a market cap of $6.19 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.57 and a beta of 0.68. The company has a 50-day moving average of $89.70 and a two-hundred day moving average of $97.15.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. The business had revenue of $663.00 million for the quarter, compared to analyst estimates of $659.32 million. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 earnings per share. On average, research analysts anticipate that Churchill Downs, Incorporated will post 7.32 EPS for the current fiscal year.

Churchill Downs Company Profile

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.