JLB & Associates Inc. Sells 500 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

JLB & Associates Inc. trimmed its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,762 shares of the company’s stock after selling 500 shares during the period. JLB & Associates Inc.’s holdings in Churchill Downs were worth $369,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Churchill Downs by 127.2% during the fourth quarter. Blue Trust Inc. now owns 184 shares of the company’s stock valued at $25,000 after acquiring an additional 103 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Churchill Downs in the third quarter valued at about $27,000. Fortitude Family Office LLC lifted its stake in shares of Churchill Downs by 2,733.3% in 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 period. Eagle Bay Advisors LLC bought a new stake in shares of Churchill Downs in the fourth quarter valued at about $55,000. Finally, R Squared Ltd bought a new stake in shares of Churchill Downs in the fourth quarter valued at about $55,000. 82.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CHDN shares. Mizuho reduced their target price on shares of Churchill Downs from $151.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday. Truist Financial reaffirmed a “buy” rating and set a $165.00 price objective (down previously from $166.00) on shares of Churchill Downs in a report on Friday, October 25th. JMP Securities reissued a “market outperform” rating and set a $166.00 price target on shares of Churchill Downs in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price target on shares of Churchill Downs from $168.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.13.

Churchill Downs Stock Down 0.4 %

Shares of CHDN stock opened at $119.05 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.35. Churchill Downs Incorporated has a 1 year low of $111.10 and a 1 year high of $150.21. The firm’s fifty day moving average price is $127.31 and its two-hundred day moving average price is $134.67. The firm has a market capitalization of $8.75 billion, a P/E ratio of 21.68, a PEG ratio of 3.01 and a beta of 0.95.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.06). Churchill Downs had a net margin of 15.45% and a return on equity of 45.48%. The business had revenue of $624.20 million during the quarter, compared to analyst estimates of $620.21 million. On average, equities analysts predict that Churchill Downs Incorporated will post 5.99 EPS for the current fiscal year.

Churchill Downs Increases Dividend

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

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.