Churchill Downs (NASDAQ:CHDN) Price Target Cut to $151.00

Churchill Downs (NASDAQ:CHDN) had its target price decreased by Mizuho from $157.00 to $151.00 in a research report report published on Tuesday morning, Benzinga reports. Mizuho currently has an outperform rating on the stock.

CHDN has been the topic of a number of other reports. JMP Securities reaffirmed a “market outperform” rating and issued a $166.00 price target on shares of Churchill Downs in a research note on Monday, October 14th. StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Macquarie raised their price target on shares of Churchill Downs from $154.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Truist Financial reaffirmed a “buy” rating and issued a $166.00 price target (up from $165.00) on shares of Churchill Downs in a research note on Friday, July 26th. Finally, Stifel Nicolaus raised their price target on shares of Churchill Downs from $153.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.00.

Churchill Downs Price Performance

NASDAQ:CHDN opened at $140.14 on Tuesday. Churchill Downs has a 52 week low of $106.45 and a 52 week high of $146.64. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.65. The stock has a market capitalization of $10.30 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The stock’s 50-day moving average price is $137.75 and its 200-day moving average price is $135.71.

Churchill Downs (NASDAQ:CHDN) last posted its earnings results on Wednesday, October 23rd. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $628.50 million for the quarter, compared to analysts’ expectations of $627.90 million. Churchill Downs had a return on equity of 47.53% and a net margin of 15.61%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $0.87 EPS. As a group, equities analysts expect that Churchill Downs will post 6.13 EPS for the current fiscal year.

Institutional Trading of Churchill Downs

Several institutional investors have recently added to or reduced their stakes in CHDN. Goldman Sachs Group Inc. increased its holdings in Churchill Downs by 6.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 151,377 shares of the company’s stock valued at $20,425,000 after purchasing an additional 9,354 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Churchill Downs by 3.7% in the 1st quarter. Park Avenue Securities LLC now owns 8,394 shares of the company’s stock valued at $1,039,000 after purchasing an additional 301 shares during the last quarter. Independence Bank of Kentucky increased its holdings in Churchill Downs by 80.5% in the 1st quarter. Independence Bank of Kentucky now owns 12,254 shares of the company’s stock valued at $1,516,000 after purchasing an additional 5,464 shares during the last quarter. Guidance Capital Inc. increased its holdings in Churchill Downs by 2.5% in the 1st quarter. Guidance Capital Inc. now owns 11,768 shares of the company’s stock valued at $1,438,000 after purchasing an additional 284 shares during the last quarter. Finally, Mirador Capital Partners LP acquired a new stake in Churchill Downs in the 1st quarter valued at approximately $272,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

About Churchill Downs

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.