Brokerages Set Churchill Downs Incorporated (NASDAQ:CHDN) PT at $158.33

Churchill Downs Incorporated (NASDAQ:CHDN) has earned an average recommendation of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have covered the stock in the last year is $158.33.

CHDN has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “buy” rating and set a $166.00 price target (up from $165.00) on shares of Churchill Downs in a report on Friday, July 26th. Jefferies Financial Group boosted their target price on Churchill Downs from $153.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Macquarie increased their price target on shares of Churchill Downs from $154.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Mizuho raised their price objective on shares of Churchill Downs from $143.00 to $157.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus upped their target price on shares of Churchill Downs from $153.00 to $160.00 and gave the company a “buy” rating in a report on Monday, July 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CHDN. Kimelman & Baird LLC acquired a new position in shares of Churchill Downs in the second quarter valued at approximately $42,000. Central Pacific Bank Trust Division acquired a new position in Churchill Downs in the 1st quarter valued at $44,000. CWM LLC raised its position in Churchill Downs by 36.8% during the 2nd quarter. CWM LLC now owns 439 shares of the company’s stock worth $61,000 after buying an additional 118 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Churchill Downs by 82.8% in the 3rd quarter. UMB Bank n.a. now owns 563 shares of the company’s stock worth $76,000 after acquiring an additional 255 shares during the period. Finally, Bank & Trust Co purchased a new stake in shares of Churchill Downs in the second quarter valued at about $84,000. 82.59% of the stock is owned by hedge funds and other institutional investors.

Churchill Downs Stock Up 0.9 %

Shares of NASDAQ:CHDN opened at $140.11 on Friday. Churchill Downs has a fifty-two week low of $106.45 and a fifty-two week high of $146.64. The firm’s 50 day moving average price is $137.59 and its 200 day moving average price is $135.19. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.65. The stock has a market cap of $10.30 billion, a price-to-earnings ratio of 31.20, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.18. The business had revenue of $890.70 million for the quarter, compared to analyst estimates of $858.59 million. Churchill Downs had a net margin of 15.61% and a return on equity of 47.53%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $2.24 EPS. As a group, equities research analysts predict that Churchill Downs will post 6.13 earnings per share 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; casino gaming; and Terre Haute Casino Resort.