Churchill Downs (NASDAQ:CHDN) PT Raised to $157.00 at Mizuho

Churchill Downs (NASDAQ:CHDN) had its price target lifted by Mizuho from $143.00 to $157.00 in a research report sent to investors on Friday morning, Benzinga reports. Mizuho currently has an outperform rating on the stock.

CHDN has been the topic of a number of other reports. Jefferies Financial Group raised their target price on Churchill Downs from $153.00 to $160.00 and gave the company a buy rating in a research note on Thursday, July 11th. Stifel Nicolaus lifted their price objective on shares of Churchill Downs from $153.00 to $160.00 and gave the company a buy rating in a research report on Monday, July 22nd. Truist Financial reissued a buy rating and set a $166.00 target price (up from $165.00) on shares of Churchill Downs in a research note on Friday. JMP Securities raised their price target on shares of Churchill Downs from $156.00 to $158.00 and gave the company a market outperform rating in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company lifted their price target on Churchill Downs from $150.00 to $161.00 and gave the company an overweight rating in a report on Friday. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Churchill Downs presently has a consensus rating of Moderate Buy and an average target price of $155.60.

Churchill Downs Trading Up 1.7 %

Churchill Downs stock opened at $145.00 on Friday. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.57 and a current ratio of 0.57. Churchill Downs has a 1 year low of $106.45 and a 1 year high of $146.64. The firm’s 50-day moving average is $137.69 and its 200-day moving average is $128.28. The company has a market cap of $10.66 billion, a P/E ratio of 32.29, a PEG ratio of 3.15 and a beta of 0.97.

Churchill Downs (NASDAQ:CHDN) last issued its earnings results on Wednesday, July 24th. The company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.18. The firm had revenue of $890.70 million for the quarter, compared to analysts’ expectations of $858.59 million. Churchill Downs had a net margin of 15.61% and a return on equity of 47.53%. Churchill Downs’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $2.24 earnings per share. On average, equities analysts expect that Churchill Downs will post 6.03 earnings per share for the current year.

Institutional Investors Weigh In On Churchill Downs

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC raised its holdings in shares of Churchill Downs by 5.6% in the 1st quarter. Jennison Associates LLC now owns 847,847 shares of the company’s stock worth $104,921,000 after purchasing an additional 44,773 shares in the last quarter. Barlow Wealth Partners Inc. acquired a new position in Churchill Downs in the fourth quarter worth approximately $20,669,000. Westfield Capital Management Co. LP increased its holdings in shares of Churchill Downs by 12.6% in the first quarter. Westfield Capital Management Co. LP now owns 423,521 shares of the company’s stock valued at $52,411,000 after buying an additional 47,269 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Churchill Downs by 0.5% during the 4th quarter. Capital Research Global Investors now owns 6,814,665 shares of the company’s stock valued at $919,513,000 after acquiring an additional 35,337 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of Churchill Downs by 113.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 463,555 shares of the company’s stock valued at $62,547,000 after acquiring an additional 246,769 shares during the last quarter. 82.59% of the stock is owned by institutional investors and hedge funds.

About Churchill Downs

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.