BlackRock Inc. boosted its holdings in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,306,153 shares of the company’s stock after purchasing an additional 4,852 shares during the quarter. BlackRock Inc. owned about 8.11% of Churchill Downs, worth $239,419,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake in Churchill Downs, by 127.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,517 shares of the company’s stock valued at $1,195,000 after purchasing an additional 3,649 shares during the period. Keybank National Association OH boosted its stake in Churchill Downs, by 20.0% during the 2nd quarter. Keybank National Association OH now owns 7,800 shares of the company’s stock valued at $1,430,000 after purchasing an additional 1,300 shares during the period. Teacher Retirement System of Texas bought a new stake in Churchill Downs, during the 2nd quarter valued at approximately $207,000. Schwab Charles Investment Management Inc. boosted its stake in Churchill Downs, by 7.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 64,817 shares of the company’s stock valued at $10,297,000 after purchasing an additional 4,227 shares during the period. Finally, Legal & General Group Plc boosted its stake in Churchill Downs, by 32.5% during the 1st quarter. Legal & General Group Plc now owns 8,417 shares of the company’s stock valued at $1,336,000 after purchasing an additional 2,066 shares during the period. Hedge funds and other institutional investors own 73.84% of the company’s stock.

In other news, Director Robert L. Evans sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $198.25, for a total transaction of $991,250.00. Following the completion of the sale, the director now owns 90,878 shares in the company, valued at $18,016,563.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 18.44% of the company’s stock.

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Shares of Churchill Downs, Incorporated (NASDAQ CHDN) opened at 207.75 on Friday. The firm has a 50 day moving average price of $198.74 and a 200-day moving average price of $179.95. The company has a market cap of $3.34 billion, a P/E ratio of 28.39 and a beta of 0.86. Churchill Downs, Incorporated has a 12 month low of $131.70 and a 12 month high of $208.93.

Churchill Downs, (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $4.81 earnings per share (EPS) for the quarter, topping 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 company had revenue of $451.90 million during the quarter, compared to analysts’ expectations of $439.33 million. During the same quarter in the previous year, the company posted $4.11 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. Analysts anticipate that Churchill Downs, Incorporated will post $6.75 earnings per share for the current fiscal year.

Several brokerages recently weighed in on CHDN. Imperial Capital restated a “buy” rating on shares of Churchill Downs, in a research note on Sunday, July 30th. BidaskClub downgraded Churchill Downs, from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded Churchill Downs, from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Telsey Advisory Group increased their target price on Churchill Downs, from $182.00 to $196.00 and gave the company a “market perform” rating in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $206.33.

About Churchill Downs,

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.

Institutional Ownership by Quarter for Churchill Downs, (NASDAQ:CHDN)

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