Brown Advisory Inc. Increases Stock Position in Churchill Downs Incorporated (NASDAQ:CHDN)

Brown Advisory Inc. increased its position in shares of Churchill Downs Incorporated (NASDAQ:CHDNGet Rating) by 8.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 547,197 shares of the company’s stock after buying an additional 41,910 shares during the period. Brown Advisory Inc. owned 1.44% of Churchill Downs worth $121,437,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHDN. Park Avenue Securities LLC increased its position in Churchill Downs by 4.2% during the first quarter. Park Avenue Securities LLC now owns 1,430 shares of the company’s stock worth $317,000 after purchasing an additional 58 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Churchill Downs by 2.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,124 shares of the company’s stock worth $753,000 after buying an additional 75 shares during the last quarter. Ellevest Inc. lifted its position in shares of Churchill Downs by 39.3% during the 1st quarter. Ellevest Inc. now owns 287 shares of the company’s stock worth $64,000 after buying an additional 81 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Churchill Downs by 6.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 1,303 shares of the company’s stock worth $314,000 after buying an additional 82 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of Churchill Downs by 22.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the company’s stock valued at $109,000 after acquiring an additional 90 shares during the period. 77.82% of the stock is owned by hedge funds and other institutional investors.

Churchill Downs Stock Down 1.0 %

Shares of NASDAQ:CHDN opened at $210.17 on Friday. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 5.23. Churchill Downs Incorporated has a 52-week low of $172.75 and a 52-week high of $262.20. The company has a 50 day moving average of $200.87 and a two-hundred day moving average of $207.87. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11.

Churchill Downs (NASDAQ:CHDNGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $3.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.99 by ($0.09). Churchill Downs had a net margin of 28.52% and a return on equity of 78.89%. The firm had revenue of $582.50 million during the quarter, compared to analyst estimates of $592.06 million. During the same period last year, the business earned $3.08 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. As a group, analysts forecast that Churchill Downs Incorporated will post 7.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Churchill Downs from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Thursday, July 14th. KeyCorp set a $280.00 target price on shares of Churchill Downs in a research report on Tuesday, July 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $273.00.

Churchill Downs Company Profile

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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. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games.

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

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