Town & Country Bank & Trust CO dba First Bankers Trust CO Buys 14,298 Shares of Churchill Downs, Incorporated $CHDN

Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in Churchill Downs, Incorporated (NASDAQ:CHDN) by 108.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 27,531 shares of the company’s stock after acquiring an additional 14,298 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Churchill Downs were worth $2,671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Truist Financial Corp lifted its holdings in shares of Churchill Downs by 1.3% in the third quarter. Truist Financial Corp now owns 32,694 shares of the company’s stock valued at $3,172,000 after purchasing an additional 407 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Churchill Downs in the 3rd quarter valued at approximately $45,000. Y Intercept Hong Kong Ltd lifted its stake in Churchill Downs by 356.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 52,942 shares of the company’s stock valued at $5,136,000 after acquiring an additional 41,353 shares in the last quarter. Jennison Associates LLC boosted its position in Churchill Downs by 52.3% during the 3rd quarter. Jennison Associates LLC now owns 1,457,336 shares of the company’s stock worth $141,376,000 after acquiring an additional 500,395 shares during the last quarter. Finally, Hunter Associates Investment Management LLC grew its stake in shares of Churchill Downs by 8.3% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 20,677 shares of the company’s stock worth $2,000,000 after acquiring an additional 1,592 shares in the last quarter. 82.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHDN has been the subject of several recent research reports. Macquarie restated an “outperform” rating and set a $155.00 target price on shares of Churchill Downs in a report on Friday, October 24th. Barclays increased their price objective on shares of Churchill Downs from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Susquehanna reaffirmed a “positive” rating and issued a $124.00 target price (down previously from $126.00) on shares of Churchill Downs in a research report on Tuesday, October 21st. Citigroup reiterated an “outperform” rating on shares of Churchill Downs in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. lowered their price target on Churchill Downs from $130.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.36.

Churchill Downs Trading Down 1.0%

Churchill Downs stock opened at $97.93 on Friday. The stock has a 50-day simple moving average of $110.22 and a 200 day simple moving average of $103.75. The stock has a market capitalization of $6.83 billion, a P/E ratio of 17.81, a PEG ratio of 1.47 and a beta of 0.68. The company has a debt-to-equity ratio of 4.87, a quick ratio of 0.57 and a current ratio of 0.57. Churchill Downs, Incorporated has a 52 week low of $85.58 and a 52 week high of $126.60.

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.