Arizona State Retirement System boosted its stake in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,200 shares of the company’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in Churchill Downs, were worth $953,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. LS Investment Advisors LLC raised its stake in Churchill Downs, by 96.6% in the first quarter. LS Investment Advisors LLC now owns 743 shares of the company’s stock valued at $118,000 after buying an additional 365 shares during the period. Strs Ohio raised its stake in Churchill Downs, by 150.0% in the second quarter. Strs Ohio now owns 1,000 shares of the company’s stock valued at $183,000 after buying an additional 600 shares during the period. Advisor Partners LLC purchased a new stake in Churchill Downs, during the second quarter valued at approximately $209,000. Van ECK Associates Corp raised its stake in Churchill Downs, by 6.3% in the first quarter. Van ECK Associates Corp now owns 1,588 shares of the company’s stock valued at $252,000 after buying an additional 94 shares during the period. Finally, Profund Advisors LLC raised its stake in Churchill Downs, by 3.9% in the first quarter. Profund Advisors LLC now owns 1,602 shares of the company’s stock valued at $254,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 73.84% of the company’s stock.

Shares of Churchill Downs, Incorporated (CHDN) opened at 193.30 on Thursday. The firm has a 50-day moving average of $187.89 and a 200 day moving average of $170.22. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 26.42 and a beta of 0.88. Churchill Downs, Incorporated has a 1-year low of $131.70 and a 1-year high of $197.10.

Churchill Downs, (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.30. Churchill Downs, had a net margin of 9.22% and a return on equity of 15.83%. The company had revenue of $451.90 million during the quarter, compared to analyst estimates of $439.33 million. During the same period last year, the firm posted $4.11 EPS. Churchill Downs,’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts forecast that Churchill Downs, Incorporated will post $6.79 earnings per share for the current year.

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Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Churchill Downs, from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Imperial Capital increased their price objective on shares of Churchill Downs, from $184.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. BidaskClub upgraded shares of Churchill Downs, from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Finally, Telsey Advisory Group increased their price objective on shares of Churchill Downs, from $180.00 to $182.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Churchill Downs, presently has a consensus rating of “Buy” and a consensus target price of $191.25.

About Churchill Downs,

Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.

Institutional Ownership by Quarter for Churchill Downs, (NASDAQ:CHDN)

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