Churchill Downs, Inc. (NASDAQ:CHDN) Director Richard L. Duchossois bought 3,680 shares of the business’s stock in a transaction on Wednesday, March 7th. The stock was purchased at an average cost of $271.85 per share, for a total transaction of $1,000,408.00. Following the transaction, the director now owns 16,290 shares of the company’s stock, valued at $4,428,436.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Churchill Downs, Inc. (NASDAQ:CHDN) opened at $274.75 on Friday. The stock has a market capitalization of $3,711.60, a P/E ratio of 41.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.02. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.57 and a quick ratio of 0.57. Churchill Downs, Inc. has a 12-month low of $150.05 and a 12-month high of $279.45.

Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.44). The firm had revenue of $179.00 million during the quarter, compared to analysts’ expectations of $255.33 million. Churchill Downs had a net margin of 11.47% and a return on equity of 16.80%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. equities research analysts expect that Churchill Downs, Inc. will post 11.38 EPS for the current year.

Churchill Downs announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 29th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Churchill Downs by 60.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 695 shares of the company’s stock worth $162,000 after acquiring an additional 262 shares during the period. Smithfield Trust Co. purchased a new stake in shares of Churchill Downs during the third quarter worth $175,000. Bruderman Asset Management LLC purchased a new stake in shares of Churchill Downs during the fourth quarter worth $202,000. Renaissance Technologies LLC purchased a new stake in shares of Churchill Downs during the fourth quarter worth $204,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Churchill Downs during the third quarter worth $206,000. 81.12% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on CHDN. Jefferies Group began coverage on Churchill Downs in a research report on Thursday, January 18th. They issued a “hold” rating and a $261.00 target price on the stock. Zacks Investment Research raised Churchill Downs from a “hold” rating to a “buy” rating and set a $283.00 target price on the stock in a research report on Tuesday, January 16th. Finally, BidaskClub raised Churchill Downs from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 10th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $240.25.

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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 five segments: Racing, Casinos, TwinSpires, Other Investments and Corporate.

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

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