Kentucky Trust Co Invests $134,000 in Churchill Downs Incorporated (NASDAQ:CHDN)

Kentucky Trust Co purchased a new position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,000 shares of the company’s stock, valued at approximately $134,000.

A number of other institutional investors also recently modified their holdings of CHDN. Blue Trust Inc. grew its position in Churchill Downs by 127.2% during the 4th quarter. Blue Trust Inc. now owns 184 shares of the company’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Churchill Downs during the 3rd quarter worth $27,000. Fortitude Family Office LLC grew its position in Churchill Downs by 2,733.3% during the 4th quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $34,000 after acquiring an additional 246 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in Churchill Downs during the 4th quarter worth $55,000. Finally, R Squared Ltd bought a new stake in Churchill Downs during the 4th quarter worth $55,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Churchill Downs Stock Down 0.7 %

Shares of Churchill Downs stock opened at $120.90 on Thursday. Churchill Downs Incorporated has a one year low of $111.10 and a one year high of $150.21. The company has a debt-to-equity ratio of 4.35, a current ratio of 0.55 and a quick ratio of 0.55. The stock’s 50-day moving average is $129.42 and its 200 day moving average is $135.47. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 3.05 and a beta of 0.95.

Churchill Downs Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and set a $166.00 price objective on shares of Churchill Downs in a research report on Thursday, January 16th. Truist Financial reiterated a “buy” rating and issued a $165.00 price target (down previously from $166.00) on shares of Churchill Downs in a research report on Friday, October 25th. Wells Fargo & Company reduced their price target on Churchill Downs from $168.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday. Mizuho reduced their price target on Churchill Downs from $157.00 to $151.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 22nd. Finally, StockNews.com upgraded Churchill Downs from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.50.

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; casino gaming; and Terre Haute Casino Resort.