1,943 Shares in Churchill Downs Incorporated (NASDAQ:CHDN) Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP purchased a new position in Churchill Downs Incorporated (NASDAQ:CHDN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,943 shares of the company’s stock, valued at approximately $263,000.

Several other institutional investors have also added to or reduced their stakes in the company. Winslow Asset Management Inc. lifted its stake in Churchill Downs by 2.8% in the third quarter. Winslow Asset Management Inc. now owns 3,280 shares of the company’s stock worth $443,000 after purchasing an additional 90 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Churchill Downs by 13.3% in the third quarter. Venturi Wealth Management LLC now owns 767 shares of the company’s stock worth $104,000 after purchasing an additional 90 shares during the last quarter. Commerce Bank lifted its stake in Churchill Downs by 1.8% in the third quarter. Commerce Bank now owns 5,072 shares of the company’s stock worth $686,000 after purchasing an additional 90 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Churchill Downs by 13.8% in the second quarter. First Horizon Advisors Inc. now owns 818 shares of the company’s stock worth $114,000 after purchasing an additional 99 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Churchill Downs by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 7,065 shares of the company’s stock worth $986,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Stock Up 0.4 %

Churchill Downs stock opened at $140.22 on Thursday. The business has a fifty day moving average of $139.07 and a two-hundred day moving average of $138.03. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 4.35. The firm has a market cap of $10.31 billion, a P/E ratio of 25.54, a P/E/G ratio of 3.93 and a beta of 0.96. Churchill Downs Incorporated has a twelve month low of $111.10 and a twelve month high of $150.21.

Churchill Downs (NASDAQ:CHDN) last posted its earnings results on Wednesday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The company had revenue of $628.50 million during the quarter, compared to analyst estimates of $627.90 million. Churchill Downs had a return on equity of 45.48% and a net margin of 15.45%. Churchill Downs’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. On average, analysts forecast that Churchill Downs Incorporated will post 5.86 earnings per share for the current fiscal year.

Churchill Downs Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a dividend of $0.409 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a yield of 0.29%. This is a positive change from Churchill Downs’s previous annual dividend of $0.38. Churchill Downs’s dividend payout ratio is currently 6.92%.

Wall Street Analyst Weigh In

CHDN has been the subject of several analyst reports. Truist Financial reissued a “buy” rating and issued a $165.00 price objective (down previously from $166.00) on shares of Churchill Downs in a research note on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of Churchill Downs from $161.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Mizuho decreased their price target on shares of Churchill Downs from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Tuesday, October 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $166.00 price target on shares of Churchill Downs in a research note on Monday, October 14th. Finally, StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Churchill Downs presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.88.

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.