1,780 Shares in Churchill Downs Incorporated (NASDAQ:CHDN) Purchased by Eastern Bank

Eastern Bank bought a new position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 1,780 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds have also made changes to their positions in the company. Kimelman & Baird LLC acquired a new stake in shares of Churchill Downs during the 2nd quarter worth about $42,000. Central Pacific Bank Trust Division bought a new stake in Churchill Downs during the 1st quarter worth about $44,000. CWM LLC grew its holdings in Churchill Downs by 36.8% during the 2nd quarter. CWM LLC now owns 439 shares of the company’s stock worth $61,000 after acquiring an additional 118 shares during the last quarter. UMB Bank n.a. grew its holdings in Churchill Downs by 82.8% during the 3rd quarter. UMB Bank n.a. now owns 563 shares of the company’s stock worth $76,000 after acquiring an additional 255 shares during the last quarter. Finally, Bank & Trust Co bought a new stake in Churchill Downs during the 2nd quarter worth about $84,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Analyst Ratings Changes

CHDN has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Churchill Downs from $153.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Jefferies Financial Group increased their price objective on shares of Churchill Downs from $153.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Mizuho decreased their price objective on shares of Churchill Downs from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Tuesday. Bank of America raised shares of Churchill Downs from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $155.00 in a report on Monday, August 12th. Finally, StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.00.

Churchill Downs Stock Up 4.5 %

Churchill Downs stock opened at $140.14 on Friday. The company’s 50 day simple moving average is $137.75 and its 200 day simple moving average is $135.71. Churchill Downs Incorporated has a fifty-two week low of $106.45 and a fifty-two week high of $146.64. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 2.06 and a beta of 0.97. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.57 and a quick ratio of 0.57.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. Churchill Downs had a net margin of 15.61% and a return on equity of 47.53%. The business had revenue of $628.50 million for the quarter, compared to analyst estimates of $627.90 million. During the same quarter last year, the firm earned $0.87 EPS. Churchill Downs’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Churchill Downs Incorporated will post 6.13 EPS for the current year.

Churchill Downs 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.