Churchill Downs Incorporated (NASDAQ:CHDN) Stock Holdings Decreased by Cardinal Strategic Wealth Guidance

Cardinal Strategic Wealth Guidance decreased its stake in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 66.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,675 shares of the company’s stock after selling 5,320 shares during the period. Cardinal Strategic Wealth Guidance’s holdings in Churchill Downs were worth $357,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its stake 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 buying an additional 103 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Churchill Downs in the 3rd quarter valued at approximately $27,000. Fortitude Family Office LLC lifted its stake in Churchill Downs by 2,733.3% during the fourth quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $34,000 after purchasing an additional 246 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Churchill Downs during the fourth quarter worth $55,000. Finally, R Squared Ltd acquired a new position in Churchill Downs in the fourth quarter worth $55,000. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Churchill Downs Trading Up 0.3 %

Churchill Downs stock opened at $122.43 on Tuesday. The company has a 50 day moving average price of $130.21 and a 200 day moving average price of $135.72. The company has a debt-to-equity ratio of 4.35, a quick ratio of 0.55 and a current ratio of 0.55. Churchill Downs Incorporated has a 52 week low of $111.10 and a 52 week high of $150.21. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 3.05 and a beta of 0.95.

Churchill Downs Increases Dividend

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

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.