Town & Country Bank & Trust CO dba First Bankers Trust CO Acquires 170 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,161 shares of the company’s stock after buying an additional 170 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Churchill Downs were worth $556,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Westfield Capital Management Co. LP boosted its position in shares of Churchill Downs by 100.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 763,561 shares of the company’s stock valued at $103,241,000 after acquiring an additional 381,754 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Churchill Downs during the third quarter valued at approximately $18,368,000. State Street Corp grew its stake in shares of Churchill Downs by 5.8% in the 3rd quarter. State Street Corp now owns 2,078,031 shares of the company’s stock valued at $280,971,000 after purchasing an additional 114,018 shares during the period. WCM Investment Management LLC acquired a new stake in Churchill Downs in the 3rd quarter valued at $15,231,000. Finally, Point72 Asset Management L.P. raised its stake in Churchill Downs by 66.8% during the second quarter. Point72 Asset Management L.P. now owns 250,319 shares of the company’s stock worth $34,944,000 after acquiring an additional 100,230 shares in the last quarter. 82.59% of the stock is owned by institutional investors.

Churchill Downs Price Performance

CHDN stock opened at $125.17 on Tuesday. The stock has a market cap of $9.20 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.94 and a beta of 0.96. The stock has a 50-day moving average price of $133.71 and a two-hundred day moving average price of $136.97. Churchill Downs Incorporated has a 1 year low of $111.10 and a 1 year high of $150.21. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.35.

Churchill Downs Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a $0.409 dividend. This is a boost from Churchill Downs’s previous annual dividend of $0.38. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 0.29%. Churchill Downs’s payout ratio is presently 7.47%.

Analysts Set New Price Targets

Several research analysts have recently commented on CHDN shares. Truist Financial reissued a “buy” rating and issued a $165.00 target price (down from $166.00) on shares of Churchill Downs in a report on Friday, October 25th. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Mizuho decreased their price objective on shares of Churchill Downs from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. Wells Fargo & Company increased their price target on shares of Churchill Downs from $161.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, JMP Securities restated a “market outperform” rating and issued a $166.00 price objective on shares of Churchill Downs in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Churchill Downs has a consensus rating of “Moderate Buy” and a consensus price target of $160.88.

Churchill Downs Company Profile

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.