Churchill Downs Inc. (NASDAQ:CHDN) Director Robert L. Evans sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $155.07, for a total transaction of $775,350.00. Following the completion of the transaction, the director now owns 164,194 shares of the company’s stock, valued at approximately $25,461,563.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Churchill Downs Inc. (NASDAQ:CHDN) traded down 0.32% during mid-day trading on Monday, reaching $155.85. 53,085 shares of the company’s stock traded hands. Churchill Downs Inc. has a 12 month low of $118.76 and a 12 month high of $157.15. The stock has a market cap of $2.56 billion, a P/E ratio of 29.93 and a beta of 0.69. The company has a 50 day moving average price of $142.35 and a 200-day moving average price of $137.42.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.95 by $0.43. The company had revenue of $303.40 million for the quarter, compared to analyst estimates of $301.86 million. Churchill Downs had a return on equity of 13.60% and a net margin of 6.82%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. On average, analysts anticipate that Churchill Downs Inc. will post $5.68 EPS for the current year.

Insider Buying and Selling by Quarter for Churchill Downs (NASDAQ:CHDN)

The business also recently disclosed an annual dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 2nd will be given a dividend of $1.32 per share. This is an increase from Churchill Downs’s previous annual dividend of $1.15. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a dividend yield of 0.97%. Churchill Downs’s dividend payout ratio (DPR) is 22.03%.

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A number of analysts have recently commented on CHDN shares. Zacks Investment Research lowered shares of Churchill Downs from a “buy” rating to a “hold” rating in a research report on Monday, October 10th. Telsey Advisory Group cut their price objective on shares of Churchill Downs from $176.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, October 31st. Imperial Capital reissued an “outperform” rating and issued a $165.00 price objective (up previously from $145.00) on shares of Churchill Downs in a research report on Friday, October 14th. JPMorgan Chase & Co. started coverage on shares of Churchill Downs in a research report on Thursday, September 22nd. They issued a “neutral” rating and a $160.00 price objective on the stock. Finally, Gabelli raised shares of Churchill Downs from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $159.33.

Several hedge funds have recently made changes to their positions in CHDN. Brant Point Investment Management LLC increased its stake in shares of Churchill Downs by 0.3% in the second quarter. Brant Point Investment Management LLC now owns 35,200 shares of the company’s stock valued at $4,448,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its stake in shares of Churchill Downs by 1.9% in the third quarter. Arizona State Retirement System now owns 5,500 shares of the company’s stock valued at $805,000 after buying an additional 100 shares during the period. Advantus Capital Management Inc increased its stake in shares of Churchill Downs by 6.9% in the third quarter. Advantus Capital Management Inc now owns 1,556 shares of the company’s stock valued at $228,000 after buying an additional 100 shares during the period. HL Financial Services LLC increased its stake in shares of Churchill Downs by 2.8% in the third quarter. HL Financial Services LLC now owns 6,444 shares of the company’s stock valued at $943,000 after buying an additional 175 shares during the period. Finally, State Treasurer State of Michigan increased its stake in shares of Churchill Downs by 4.2% in the third quarter. State Treasurer State of Michigan now owns 5,000 shares of the company’s stock valued at $732,000 after buying an additional 200 shares during the period. 69.98% of the stock is owned by institutional investors.

Churchill Downs Company Profile

Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company operates in six segments: Racing, Casinos, TwinSpires, Big Fish Games, Inc (Big Fish Games), Other Investments and Corporate. The racing segment includes its four trace tracks: Churchill Downs Racetrack, Arlington International Race Course, Fair Grounds Race Course and Calder Race Course.

5 Day Chart for NASDAQ:CHDN

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