Churchill Downs Incorporated (NASDAQ:CHDN) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp grew its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 1.3% during the first quarter, Holdings Channel reports. The firm owned 59,409 shares of the company’s stock after acquiring an additional 769 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Churchill Downs were worth $7,352,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Churchill Downs by 59.8% during the first quarter. UMB Bank n.a. now owns 286 shares of the company’s stock worth $35,000 after buying an additional 107 shares during the last quarter. M&T Bank Corp lifted its position in Churchill Downs by 5.2% in the fourth quarter. M&T Bank Corp now owns 2,399 shares of the company’s stock valued at $324,000 after purchasing an additional 118 shares during the period. SeaCrest Wealth Management LLC lifted its position in Churchill Downs by 4.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 2,575 shares of the company’s stock valued at $327,000 after purchasing an additional 121 shares during the period. Sculati Wealth Management LLC lifted its position in Churchill Downs by 2.8% in the fourth quarter. Sculati Wealth Management LLC now owns 5,175 shares of the company’s stock valued at $698,000 after purchasing an additional 140 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its position in shares of Churchill Downs by 1.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 11,684 shares of the company’s stock valued at $1,577,000 after purchasing an additional 181 shares during the period. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Churchill Downs Stock Up 0.6 %

Shares of NASDAQ CHDN traded up $0.87 on Thursday, hitting $139.60. The company had a trading volume of 524,665 shares, compared to its average volume of 438,298. Churchill Downs Incorporated has a 12-month low of $106.45 and a 12-month high of $141.57. The business has a 50 day moving average of $136.30 and a two-hundred day moving average of $127.40. 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 firm has a market capitalization of $10.26 billion, a P/E ratio of 31.09, a PEG ratio of 3.06 and a beta of 0.97.

Churchill Downs (NASDAQ:CHDN) last issued its earnings results on Wednesday, April 24th. The company reported $1.13 earnings per share for the quarter, topping 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 company had revenue of $590.90 million during the quarter, compared to the consensus estimate of $565.41 million. During the same quarter in the prior year, the business earned $0.98 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Churchill Downs Incorporated will post 6.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Churchill Downs news, Director Paul C. Varga purchased 3,800 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average price of $130.22 per share, for a total transaction of $494,836.00. Following the completion of the purchase, the director now owns 28,902 shares in the company, valued at approximately $3,763,618.44. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CHDN shares. Truist Financial lifted their price objective on Churchill Downs from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, April 26th. JMP Securities reissued a “market outperform” rating and set a $156.00 price target on shares of Churchill Downs in a research report on Monday, May 6th. Stifel Nicolaus boosted their price target on Churchill Downs from $150.00 to $153.00 and gave the company 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, Mizuho boosted their price target on Churchill Downs from $142.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.89.

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.