Stifel Nicolaus Raises Churchill Downs (NASDAQ:CHDN) Price Target to $153.00

Churchill Downs (NASDAQ:CHDN) had its price target hoisted by Stifel Nicolaus from $150.00 to $153.00 in a research report released on Friday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts have also issued reports on the stock. Mizuho upped their price target on shares of Churchill Downs from $142.00 to $143.00 and gave the stock a buy rating in a research report on Friday. Truist Financial lifted their price target on Churchill Downs from $140.00 to $145.00 and gave the stock a buy rating in a report on Friday. Wells Fargo & Company upgraded Churchill Downs from an equal weight rating to an overweight rating and upped their price objective for the company from $137.00 to $141.00 in a research note on Monday, April 15th. Finally, JMP Securities reiterated a market outperform rating and set a $150.00 target price on shares of Churchill Downs in a research note on Wednesday, April 10th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $144.50.

Churchill Downs Stock Up 0.2 %

Shares of CHDN stock opened at $129.44 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.53 and a debt-to-equity ratio of 5.88. The firm’s fifty day moving average price is $119.79 and its two-hundred day moving average price is $120.64. The firm has a market capitalization of $9.51 billion, a P/E ratio of 28.83, a PEG ratio of 9.00 and a beta of 1.03. Churchill Downs has a 1 year low of $106.45 and a 1 year high of $150.45.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.35. Churchill Downs had a return on equity of 44.99% and a net margin of 13.72%. The firm had revenue of $590.90 million during the quarter, compared to the consensus estimate of $565.41 million. During the same period last year, the company earned $0.98 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts predict that Churchill Downs will post 5.48 EPS for the current fiscal year.

Institutional Trading of Churchill Downs

A number of institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its stake in shares of Churchill Downs by 0.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 19,160 shares of the company’s stock valued at $2,223,000 after buying an additional 100 shares during the period. UMB Bank n.a. grew its holdings in Churchill Downs by 59.8% during the 1st quarter. UMB Bank n.a. now owns 286 shares of the company’s stock worth $35,000 after acquiring an additional 107 shares during the last quarter. M&T Bank Corp increased its position in Churchill Downs by 5.2% in the 4th quarter. M&T Bank Corp now owns 2,399 shares of the company’s stock valued at $324,000 after acquiring an additional 118 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in shares of Churchill Downs by 4.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 2,575 shares of the company’s stock worth $327,000 after purchasing an additional 121 shares during the period. Finally, Lmcg Investments LLC grew its stake in shares of Churchill Downs by 2.2% in the third quarter. Lmcg Investments LLC now owns 5,916 shares of the company’s stock worth $686,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 82.59% of the company’s stock.

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; and casino gaming.