1,570 Shares in Churchill Downs Incorporated (NASDAQ:CHDN) Acquired by Invesco LLC

Invesco LLC purchased a new stake in shares of Churchill Downs Incorporated (NASDAQ:CHDN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,570 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky grew its position in shares of Churchill Downs by 90.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,898 shares of the company’s stock worth $2,657,000 after purchasing an additional 10,868 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Churchill Downs by 34.9% during the third quarter. Envestnet Asset Management Inc. now owns 148,035 shares of the company’s stock valued at $17,178,000 after buying an additional 38,298 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Churchill Downs by 0.8% in the third quarter. Vanguard Group Inc. now owns 6,689,337 shares of the company’s stock worth $776,231,000 after buying an additional 56,318 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Churchill Downs by 15.1% during the fourth quarter. Fifth Third Bancorp now owns 1,437 shares of the company’s stock worth $194,000 after acquiring an additional 189 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Churchill Downs by 5.1% during the third quarter. Bank of New York Mellon Corp now owns 668,860 shares of the company’s stock worth $77,615,000 after acquiring an additional 32,751 shares during the last quarter. 82.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHDN has been the topic of a number of research reports. Wells Fargo & Company upgraded shares of Churchill Downs from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $137.00 to $141.00 in a report on Monday. JMP Securities reiterated a “market outperform” rating and issued a $150.00 target price on shares of Churchill Downs in a research report on Wednesday, April 10th. Finally, Mizuho started coverage on Churchill Downs in a report on Tuesday, March 26th. They set a “buy” rating and a $142.00 price target for the company. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Churchill Downs currently has an average rating of “Moderate Buy” and a consensus target price of $143.13.

Churchill Downs Trading Up 1.2 %

Shares of CHDN stock opened at $122.19 on Tuesday. The company has a market cap of $9.00 billion, a PE ratio of 22.40 and a beta of 1.03. The company has a debt-to-equity ratio of 5.34, a current ratio of 0.53 and a quick ratio of 0.53. The stock’s 50 day simple moving average is $119.62 and its two-hundred day simple moving average is $120.23. Churchill Downs Incorporated has a 1 year low of $106.45 and a 1 year high of $150.45.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.18. Churchill Downs had a return on equity of 45.43% and a net margin of 16.95%. The company had revenue of $561.20 million during the quarter, compared to the consensus estimate of $553.05 million. During the same period last year, the company earned $0.73 earnings per share. Churchill Downs’s revenue was up 16.9% on a year-over-year basis. Research analysts predict that Churchill Downs Incorporated will post 5.5 earnings per share for the current year.

About Churchill Downs

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; and casino gaming.