Stifel Nicolaus Boosts Churchill Downs (NASDAQ:CHDN) Price Target to $153.00

Churchill Downs (NASDAQ:CHDN) had its target price increased by Stifel Nicolaus from $150.00 to $153.00 in a research note released on Friday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Mizuho increased their price objective on Churchill Downs from $142.00 to $143.00 and gave the stock a buy rating in a research note on Friday. Wells Fargo & Company raised Churchill Downs from an equal weight rating to an overweight rating and increased their price target for the stock from $137.00 to $141.00 in a research report on Monday, April 15th. JMP Securities restated a market outperform rating and issued a $150.00 price objective on shares of Churchill Downs in a report on Wednesday, April 10th. Finally, Truist Financial increased their target price on shares of Churchill Downs from $140.00 to $145.00 and gave the stock a buy rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $144.50.

Churchill Downs Stock Performance

Shares of Churchill Downs stock opened at $130.14 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 5.88. The stock’s fifty day moving average is $120.22 and its two-hundred day moving average is $121.02. Churchill Downs has a 52 week low of $106.45 and a 52 week high of $150.45. The company has a market capitalization of $9.57 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 9.01 and a beta of 1.03.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.35. The firm had revenue of $590.90 million for the quarter, compared to analysts’ expectations of $565.41 million. Churchill Downs had a net margin of 13.72% and a return on equity of 44.99%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. As a group, analysts expect that Churchill Downs will post 5.48 earnings per share for the current year.

Institutional Trading of Churchill Downs

Institutional investors have recently modified their holdings of the company. Copeland Capital Management LLC lifted its position in Churchill Downs by 0.8% during the third quarter. Copeland Capital Management LLC now owns 267,001 shares of the company’s stock valued at $30,983,000 after acquiring an additional 2,217 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Churchill Downs by 39.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,465 shares of the company’s stock valued at $1,098,000 after purchasing an additional 2,678 shares during the last quarter. Xponance Inc. boosted its position in shares of Churchill Downs by 1.4% in the 3rd quarter. Xponance Inc. now owns 15,827 shares of the company’s stock worth $1,837,000 after purchasing an additional 215 shares in the last quarter. Raymond James & Associates grew its stake in Churchill Downs by 59.6% during the 3rd quarter. Raymond James & Associates now owns 40,317 shares of the company’s stock worth $4,678,000 after buying an additional 15,048 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in Churchill Downs by 37.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,359 shares of the company’s stock valued at $1,318,000 after buying an additional 3,087 shares in the last quarter. 82.59% of the stock is currently owned by institutional investors.

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.