Churchill Downs, Incorporated (CHDN) Director Robert L. Evans Sells 5,000 Shares of Stock
Churchill Downs, Incorporated (NASDAQ:CHDN) Director Robert L. Evans sold 5,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $198.25, for a total value of $991,250.00. Following the transaction, the director now directly owns 90,878 shares of the company’s stock, valued at $18,016,563.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Churchill Downs, Incorporated (CHDN) opened at 198.30 on Tuesday. Churchill Downs, Incorporated has a 1-year low of $131.70 and a 1-year high of $202.19. The stock has a market cap of $3.19 billion, a PE ratio of 27.10 and a beta of 0.88. The company’s 50-day moving average price is $191.69 and its 200 day moving average price is $173.47.
Churchill Downs, (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.30. Churchill Downs, had a return on equity of 15.83% and a net margin of 9.22%. The firm had revenue of $451.90 million during the quarter, compared to analyst estimates of $439.33 million. During the same quarter last year, the firm earned $4.11 EPS. Churchill Downs,’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts forecast that Churchill Downs, Incorporated will post $6.79 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of CHDN. Profund Advisors LLC grew its stake in Churchill Downs, by 3.9% during the 1st quarter. Profund Advisors LLC now owns 1,602 shares of the company’s stock valued at $254,000 after purchasing an additional 60 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Churchill Downs, during the 1st quarter valued at approximately $1,482,000. Oregon Public Employees Retirement Fund grew its stake in Churchill Downs, by 2.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 4,432 shares of the company’s stock valued at $704,000 after purchasing an additional 100 shares in the last quarter. Wells Fargo & Company MN grew its stake in Churchill Downs, by 4.3% during the 1st quarter. Wells Fargo & Company MN now owns 20,418 shares of the company’s stock valued at $3,244,000 after purchasing an additional 835 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Churchill Downs, by 3.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 7,699 shares of the company’s stock valued at $1,223,000 after purchasing an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 73.84% of the company’s stock.
Several equities research analysts recently weighed in on the company. BidaskClub upgraded Churchill Downs, from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Telsey Advisory Group boosted their target price on Churchill Downs, from $180.00 to $182.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Imperial Capital boosted their target price on Churchill Downs, from $184.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research upgraded Churchill Downs, from a “hold” rating to a “strong-buy” rating and set a $215.00 target price for the company in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Churchill Downs, has an average rating of “Buy” and a consensus price target of $191.25.
Churchill Downs, Company Profile
Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.
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