Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 990 Shares of Churchill Downs, Incorporated $CHDN

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Churchill Downs, Incorporated (NASDAQ:CHDN) by 5.6% during the second quarter, HoldingsChannel.com reports. The firm owned 18,561 shares of the company’s stock after purchasing an additional 990 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Churchill Downs were worth $1,875,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CHDN. JLB & Associates Inc. grew its stake in shares of Churchill Downs by 3.8% during the second quarter. JLB & Associates Inc. now owns 2,867 shares of the company’s stock valued at $290,000 after buying an additional 105 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Churchill Downs by 2.0% during the 2nd quarter. Bessemer Group Inc. now owns 6,474 shares of the company’s stock valued at $654,000 after acquiring an additional 126 shares during the period. Aristides Capital LLC grew its position in Churchill Downs by 5.7% in the 1st quarter. Aristides Capital LLC now owns 2,462 shares of the company’s stock valued at $273,000 after acquiring an additional 132 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in Churchill Downs by 0.3% in the first quarter. Foundations Investment Advisors LLC now owns 44,338 shares of the company’s stock worth $4,925,000 after purchasing an additional 138 shares during the period. Finally, RPS Advisory Solutions LLC increased its stake in Churchill Downs by 4.6% in the second quarter. RPS Advisory Solutions LLC now owns 3,497 shares of the company’s stock worth $353,000 after purchasing an additional 154 shares during the period. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Churchill Downs Trading Up 1.7%

NASDAQ:CHDN opened at $106.19 on Friday. The firm has a 50-day simple moving average of $96.98 and a 200-day simple moving average of $99.74. Churchill Downs, Incorporated has a one year low of $85.58 and a one year high of $144.23. The firm has a market cap of $7.40 billion, a P/E ratio of 19.31, a P/E/G ratio of 1.84 and a beta of 0.81. 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 (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.12. The company had revenue of $683.00 million for the quarter, compared to analyst estimates of $671.43 million. Churchill Downs had a net margin of 13.99% and a return on equity of 42.54%. Churchill Downs’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. Equities analysts anticipate that Churchill Downs, Incorporated will post 6.92 EPS for the current fiscal year.

Churchill Downs Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be issued a $0.438 dividend. The ex-dividend date is Friday, December 5th. This represents a dividend yield of 46.0%. This is a boost from Churchill Downs’s previous annual dividend of $0.41. Churchill Downs’s dividend payout ratio (DPR) is 7.82%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company started coverage on shares of Churchill Downs in a research note on Tuesday. They set an “overweight” rating and a $115.00 target price for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Churchill Downs in a report on Wednesday, October 8th. Susquehanna restated a “positive” rating and issued a $124.00 target price (down from $126.00) on shares of Churchill Downs in a research note on Tuesday, October 21st. Macquarie reaffirmed an “outperform” rating and set a $155.00 target price on shares of Churchill Downs in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Churchill Downs from $130.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $133.30.

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.