Churchill Downs Incorporated (NASDAQ:CHDN) Shares Purchased by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC raised its stake in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,115 shares of the company’s stock after purchasing an additional 4,201 shares during the period. Churchill Downs accounts for 1.7% of Atlanta Consulting Group Advisors LLC’s portfolio, making the stock its 9th largest position. Atlanta Consulting Group Advisors LLC owned about 0.07% of Churchill Downs worth $6,776,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its position in shares of Churchill Downs by 259.3% in the second quarter. Harbor Capital Advisors Inc. now owns 19,857 shares of the company’s stock worth $2,772,000 after acquiring an additional 14,331 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Churchill Downs in the 3rd quarter worth about $516,000. Assenagon Asset Management S.A. lifted its position in shares of Churchill Downs by 10,126.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 195,829 shares of the company’s stock worth $27,338,000 after buying an additional 193,914 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Churchill Downs by 66.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 250,319 shares of the company’s stock worth $34,944,000 after acquiring an additional 100,230 shares during the period. Finally, Boston Partners increased its holdings in shares of Churchill Downs by 4.4% in the 1st quarter. Boston Partners now owns 846,151 shares of the company’s stock worth $104,723,000 after acquiring an additional 35,587 shares during the period. Institutional investors and hedge funds own 82.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CHDN shares. Mizuho dropped their price objective 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 raised their target price on shares of Churchill Downs from $161.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. JMP Securities reissued a “market outperform” rating and set a $166.00 target price on shares of Churchill Downs in a research note on Monday, October 14th. Finally, Stifel Nicolaus lifted their price objective on shares of Churchill Downs from $153.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Churchill Downs currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.88.

Churchill Downs Trading Down 1.4 %

Shares of CHDN stock opened at $138.91 on Friday. Churchill Downs Incorporated has a 1 year low of $111.10 and a 1 year high of $150.21. The firm’s fifty day simple moving average is $139.03 and its 200 day simple moving average is $137.79. The firm has a market capitalization of $10.21 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 3.85 and a beta of 0.96. 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 (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. Churchill Downs had a net margin of 15.45% and a return on equity of 45.48%. The firm had revenue of $628.50 million for the quarter, compared to the consensus estimate of $627.90 million. During the same quarter in the previous year, the company earned $0.87 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts predict that Churchill Downs Incorporated will post 5.86 EPS for the current year.

Churchill Downs Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be paid a $0.409 dividend. This represents a dividend yield of 0.29%. The ex-dividend date is Friday, December 6th. This is an increase from Churchill Downs’s previous annual dividend of $0.38. Churchill Downs’s payout ratio is currently 6.92%.

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; casino gaming; and Terre Haute Casino Resort.