Guidance Capital Inc. Boosts Stock Position in Churchill Downs Incorporated (NASDAQ:CHDN)

Guidance Capital Inc. lifted its holdings in Churchill Downs Incorporated (NASDAQ:CHDN) by 2.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,768 shares of the company’s stock after purchasing an additional 284 shares during the quarter. Guidance Capital Inc.’s holdings in Churchill Downs were worth $1,438,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CHDN. Barlow Wealth Partners Inc. bought a new stake in shares of Churchill Downs in the fourth quarter valued at about $20,669,000. Capital Research Global Investors boosted its position in Churchill Downs by 0.5% in the fourth quarter. Capital Research Global Investors now owns 6,814,665 shares of the company’s stock valued at $919,513,000 after buying an additional 35,337 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in Churchill Downs by 113.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 463,555 shares of the company’s stock worth $62,547,000 after purchasing an additional 246,769 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Churchill Downs by 1.6% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 11,684 shares of the company’s stock worth $1,577,000 after buying an additional 181 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Churchill Downs by 6.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 151,377 shares of the company’s stock valued at $20,425,000 after purchasing an additional 9,354 shares during the last quarter. 82.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Churchill Downs

In related news, Director Paul C. Varga purchased 3,800 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were acquired at an average cost of $130.22 per share, for a total transaction of $494,836.00. Following the transaction, the director now owns 28,902 shares of the company’s stock, valued at $3,763,618.44. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.13% of the company’s stock.

Churchill Downs Stock Down 0.7 %

NASDAQ CHDN traded down $0.93 on Friday, hitting $139.60. 1,023,883 shares of the stock traded hands, compared to its average volume of 535,247. The stock has a 50-day moving average of $134.22 and a 200 day moving average of $126.87. Churchill Downs Incorporated has a twelve month low of $106.45 and a twelve month high of $141.57. The company has a market capitalization of $10.26 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 3.75 and a beta of 0.99. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 5.88.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.35. Churchill Downs had a return on equity of 44.99% and a net margin of 13.72%. The firm had revenue of $590.90 million for the quarter, compared to analysts’ expectations of $565.41 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Churchill Downs’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, analysts expect that Churchill Downs Incorporated will post 6.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $156.00 price target on shares of Churchill Downs in a report on Monday, May 6th. Stifel Nicolaus raised their target price on Churchill Downs from $150.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Truist Financial lifted their price target on Churchill Downs from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Finally, Wells Fargo & Company upgraded Churchill Downs from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $137.00 to $141.00 in a research note on Monday, April 15th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.25.

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; and casino gaming.