Janus Henderson Group PLC Grows Stock Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

Janus Henderson Group PLC lifted its stake in Churchill Downs Incorporated (NASDAQ:CHDN) by 6.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 432,867 shares of the company’s stock after purchasing an additional 27,173 shares during the period. Janus Henderson Group PLC owned about 0.59% of Churchill Downs worth $53,564,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital International Sarl lifted its holdings in Churchill Downs by 48.7% during the 1st quarter. Capital International Sarl now owns 15,568 shares of the company’s stock worth $1,927,000 after buying an additional 5,099 shares during the last quarter. Capital International Investors increased its position in shares of Churchill Downs by 7.5% during the first quarter. Capital International Investors now owns 2,560,653 shares of the company’s stock worth $316,881,000 after purchasing an additional 177,900 shares in the last quarter. Capital Group Private Client Services Inc. increased its position in shares of Churchill Downs by 24.8% during the first quarter. Capital Group Private Client Services Inc. now owns 203,155 shares of the company’s stock worth $25,140,000 after purchasing an additional 40,359 shares in the last quarter. Boulder Hill Capital Management LP acquired a new stake in shares of Churchill Downs during the first quarter worth about $2,822,000. Finally, Natixis acquired a new stake in shares of Churchill Downs during the first quarter worth about $3,180,000. 82.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial reiterated a “buy” rating and set a $166.00 target price (up previously from $165.00) on shares of Churchill Downs in a research report on Friday. Wells Fargo & Company lifted their target price on Churchill Downs from $150.00 to $161.00 and gave the stock an “overweight” rating in a research report on Friday. Stifel Nicolaus lifted their target price on Churchill Downs from $153.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Macquarie boosted their price target on Churchill Downs from $154.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Mizuho boosted their price target on Churchill Downs from $143.00 to $157.00 and gave the company an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Churchill Downs presently has a consensus rating of “Moderate Buy” and an average target price of $155.60.

Churchill Downs Stock Performance

NASDAQ CHDN traded down $2.05 on Tuesday, hitting $142.95. 290,596 shares of the company’s stock were exchanged, compared to its average volume of 449,313. The firm’s 50-day moving average price is $137.69 and its two-hundred day moving average price is $128.28. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 3.15 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 Incorporated has a fifty-two week low of $106.45 and a fifty-two week high of $146.64.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.71 by $0.18. The business had revenue of $890.70 million for the quarter, compared to analyst estimates of $858.59 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 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.24 EPS. On average, research analysts expect that Churchill Downs Incorporated will post 6.03 EPS for the current year.

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; and casino gaming.