Churchill Downs, Incorporated $CHDN Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 380.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 41,119 shares of the company’s stock after acquiring an additional 32,560 shares during the quarter. SG Americas Securities LLC’s holdings in Churchill Downs were worth $3,694,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. grew its position in shares of Churchill Downs by 1,364.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock valued at $28,000 after buying an additional 232 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Churchill Downs in the 3rd quarter valued at $25,000. Parkside Financial Bank & Trust boosted its stake in Churchill Downs by 293.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 256 shares of the company’s stock worth $29,000 after purchasing an additional 191 shares during the period. Los Angeles Capital Management LLC acquired a new position in Churchill Downs in the fourth quarter valued at $38,000. Finally, TFC Financial Management Inc. purchased a new stake in shares of Churchill Downs in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Churchill Downs Trading Up 2.2%

Shares of Churchill Downs stock opened at $90.87 on Tuesday. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 0.59 and a beta of 0.68. Churchill Downs, Incorporated has a 52-week low of $80.24 and a 52-week high of $118.46. The company’s 50-day simple moving average is $89.26 and its 200-day simple moving average is $94.99. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.44.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. The firm had revenue of $663.00 million during the quarter, compared to the consensus estimate of $659.32 million. During the same quarter last year, the firm earned $1.07 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Churchill Downs, Incorporated will post 7.32 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CHDN shares. Mizuho increased their target price on shares of Churchill Downs from $146.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Citizens Jmp increased their price objective on Churchill Downs from $146.00 to $149.00 and gave the stock a “market outperform” rating in a research report on Friday, April 24th. Weiss Ratings downgraded Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a report on Tuesday, April 21st. Finally, Wells Fargo & Company restated an “overweight” rating and set a $130.00 price target (up from $124.00) on shares of Churchill Downs in a research note on Thursday, April 16th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.00.

Churchill Downs Company 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.