Churchill Downs, Incorporated $CHDN Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System lifted its position in Churchill Downs, Incorporated (NASDAQ:CHDN) by 23.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,626 shares of the company’s stock after buying an additional 14,022 shares during the period. California State Teachers Retirement System’s holdings in Churchill Downs were worth $6,614,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CHDN. Fifth Third Bancorp increased its holdings in shares of Churchill Downs by 6,547.6% in the fourth quarter. Fifth Third Bancorp now owns 52,649 shares of the company’s stock valued at $5,990,000 after buying an additional 51,857 shares in the last quarter. UBS Group AG boosted its stake in shares of Churchill Downs by 26.9% during the 4th quarter. UBS Group AG now owns 350,982 shares of the company’s stock worth $39,935,000 after acquiring an additional 74,421 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Churchill Downs in the 4th quarter worth $4,266,000. First Trust Advisors LP grew its holdings in shares of Churchill Downs by 178.9% in the 1st quarter. First Trust Advisors LP now owns 76,395 shares of the company’s stock worth $6,863,000 after acquiring an additional 49,002 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Churchill Downs by 126.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 46,813 shares of the company’s stock worth $5,326,000 after acquiring an additional 26,105 shares during the last quarter. Institutional investors own 82.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Truist Financial set a $145.00 target price on Churchill Downs in a report on Friday, June 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Churchill Downs in a research report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating on shares of Churchill Downs in a report on Thursday, July 2nd. Mizuho upped their price objective on shares of Churchill Downs from $155.00 to $157.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Citizens Jmp decreased their target price on shares of Churchill Downs from $149.00 to $137.00 and set a “market outperform” rating for the company in a report on Friday, July 31st. Nine research 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, Churchill Downs presently has a consensus rating of “Moderate Buy” and an average target price of $136.88.

Churchill Downs Stock Up 1.2%

CHDN stock opened at $86.41 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 3.06. Churchill Downs, Incorporated has a 12-month low of $79.40 and a 12-month high of $118.35. The company has a 50 day moving average of $86.81 and a two-hundred day moving average of $89.84. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.81 and a beta of 0.68.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, July 29th. The company reported $3.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.45. The firm had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $977.38 million. Churchill Downs had a return on equity of 42.16% and a net margin of 13.82%.The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.10 earnings per share. On average, equities analysts anticipate that Churchill Downs, Incorporated will post 7.14 earnings per share for the current fiscal year.

About Churchill Downs

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.