Several other research analysts also recently commented on the company. Jefferies Financial Group set a $106.00 target price on Churchill Downs and gave the stock a buy rating in a report on Thursday, March 28th. ValuEngine raised Churchill Downs from a sell rating to a hold rating in a report on Monday, March 25th. Zacks Investment Research downgraded Churchill Downs from a buy rating to a hold rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. set a $105.00 target price on Churchill Downs and gave the stock a hold rating in a report on Friday, March 1st. Finally, Telsey Advisory Group reaffirmed a market perform rating and set a $93.00 target price (down from $280.00) on shares of Churchill Downs in a report on Friday, March 1st. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Churchill Downs has a consensus rating of Hold and a consensus target price of $101.42.
Shares of CHDN stock opened at $93.45 on Friday. The firm has a market cap of $3.75 billion, a P/E ratio of 25.67, a PEG ratio of 1.01 and a beta of 1.19. Churchill Downs has a twelve month low of $74.58 and a twelve month high of $104.87. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.94 and a current ratio of 0.94.
Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, February 27th. The company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $219.00 million for the quarter, compared to the consensus estimate of $218.67 million. Churchill Downs had a return on equity of 33.95% and a net margin of 34.97%. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. Equities research analysts expect that Churchill Downs will post 4.6 EPS for the current fiscal year.
In other Churchill Downs news, Director Karole Lloyd acquired 1,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were bought at an average cost of $85.22 per share, with a total value of $85,220.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.05% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of Churchill Downs in the 4th quarter valued at about $37,000. Flagship Harbor Advisors LLC lifted its stake in shares of Churchill Downs by 142.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 577 shares of the company’s stock valued at $52,000 after purchasing an additional 339 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in shares of Churchill Downs in the 4th quarter valued at about $58,000. TCI Wealth Advisors Inc. lifted its stake in shares of Churchill Downs by 200.0% in the 1st quarter. TCI Wealth Advisors Inc. now owns 750 shares of the company’s stock valued at $68,000 after purchasing an additional 500 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Churchill Downs in the 1st quarter valued at about $93,000. 24.44% of the stock is currently owned by institutional investors.
Churchill Downs Company Profile
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.
Further Reading: Intrinsic Value and Stock Selection
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