Churchill Downs, Incorporated $CHDN Shares Acquired by Hudson Way Capital Management LLC

Hudson Way Capital Management LLC increased its holdings in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 14.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,140,312 shares of the company’s stock after acquiring an additional 142,714 shares during the period. Churchill Downs makes up approximately 9.4% of Hudson Way Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Hudson Way Capital Management LLC owned 1.64% of Churchill Downs worth $110,622,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CHDN. Capital International Investors lifted its holdings in Churchill Downs by 16.3% in the third quarter. Capital International Investors now owns 3,098,598 shares of the company’s stock valued at $300,595,000 after acquiring an additional 434,669 shares during the period. London Co. of Virginia grew its stake in shares of Churchill Downs by 38.7% during the 2nd quarter. London Co. of Virginia now owns 2,994,070 shares of the company’s stock worth $302,402,000 after purchasing an additional 835,294 shares during the period. Jennison Associates LLC increased its holdings in shares of Churchill Downs by 52.3% in the 3rd quarter. Jennison Associates LLC now owns 1,457,336 shares of the company’s stock valued at $141,376,000 after purchasing an additional 500,395 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Churchill Downs by 49.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,376,402 shares of the company’s stock valued at $133,525,000 after purchasing an additional 452,716 shares during the period. Finally, Boston Partners lifted its stake in shares of Churchill Downs by 0.9% in the third quarter. Boston Partners now owns 1,257,725 shares of the company’s stock valued at $121,998,000 after purchasing an additional 11,653 shares during the period. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Churchill Downs Price Performance

Churchill Downs stock opened at $86.36 on Monday. Churchill Downs, Incorporated has a 52 week low of $80.24 and a 52 week high of $118.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 5.02. The firm’s 50-day simple moving average is $96.87 and its 200 day simple moving average is $100.69. The firm has a market capitalization of $6.02 billion, a PE ratio of 16.42, a P/E/G ratio of 1.43 and a beta of 0.65.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $665.90 million for the quarter, compared to analysts’ expectations of $658.01 million. Churchill Downs had a net margin of 13.09% and a return on equity of 43.26%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. On average, equities research analysts predict that Churchill Downs, Incorporated will post 6.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citizens Jmp boosted their price objective on shares of Churchill Downs from $142.00 to $146.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 14th. Wells Fargo & Company reduced their price target on shares of Churchill Downs from $125.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Citigroup reissued an “outperform” rating on shares of Churchill Downs in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Churchill Downs in a report on Wednesday, December 24th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.00.

Churchill Downs Profile

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.