Stock Yards Bank & Trust Co. Sells 1,377 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Stock Yards Bank & Trust Co. lowered its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 251,547 shares of the company’s stock after selling 1,377 shares during the quarter. Churchill Downs makes up about 1.2% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 29th biggest holding. Stock Yards Bank & Trust Co.’s holdings in Churchill Downs were worth $33,592,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHDN. Blue Trust Inc. grew its holdings in shares of Churchill Downs by 127.2% during the 4th quarter. Blue Trust Inc. now owns 184 shares of the company’s stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Churchill Downs during the third quarter valued at about $27,000. Fortitude Family Office LLC grew its stake in shares of Churchill Downs by 2,733.3% during the fourth quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock valued at $34,000 after buying an additional 246 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Churchill Downs in the fourth quarter worth about $55,000. Finally, R Squared Ltd bought a new stake in shares of Churchill Downs in the 4th quarter valued at about $55,000. 82.59% of the stock is currently owned by hedge funds and other institutional investors.

Churchill Downs Stock Down 1.6 %

Shares of NASDAQ CHDN opened at $123.58 on Monday. The firm has a fifty day simple moving average of $132.44 and a two-hundred day simple moving average of $136.44. Churchill Downs Incorporated has a 12 month low of $111.10 and a 12 month high of $150.21. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.35. The firm has a market capitalization of $9.08 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 3.08 and a beta of 0.96.

Churchill Downs Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were paid a $0.409 dividend. This is an increase from Churchill Downs’s previous annual dividend of $0.38. This represents a yield of 0.29%. The ex-dividend date of this dividend was Friday, December 6th. Churchill Downs’s dividend payout ratio is presently 7.47%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CHDN shares. Truist Financial restated a “buy” rating and set a $165.00 price target (down from $166.00) on shares of Churchill Downs in a research report on Friday, October 25th. Mizuho cut their target price on shares of Churchill Downs from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of Churchill Downs from $161.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $166.00 price objective on shares of Churchill Downs in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Churchill Downs currently has a consensus rating of “Moderate Buy” and an average target price of $160.88.

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; casino gaming; and Terre Haute Casino Resort.