Churchill Downs (NASDAQ:CHDN) PT Raised to $160.00 at Jefferies Financial Group

Churchill Downs (NASDAQ:CHDN) had its price objective lifted by research analysts at Jefferies Financial Group from $153.00 to $160.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 12.55% from the company’s current price.

A number of other brokerages have also recently issued reports on CHDN. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. Truist Financial increased their target price on Churchill Downs from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Mizuho increased their target price on Churchill Downs from $142.00 to $143.00 and gave the stock a “buy” rating in a report on Friday, April 26th. JMP Securities reaffirmed a “market outperform” rating and set a $156.00 price target on shares of Churchill Downs in a report on Monday, May 6th. Finally, Wells Fargo & Company raised Churchill Downs from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $137.00 to $141.00 in a report on Monday, April 15th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Churchill Downs has a consensus rating of “Moderate Buy” and an average price target of $146.89.

Churchill Downs Trading Up 1.8 %

Churchill Downs stock opened at $142.16 on Thursday. The business has a 50 day moving average price of $136.46 and a two-hundred day moving average price of $127.45. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 5.88. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 3.06 and a beta of 0.97. Churchill Downs has a 12 month low of $106.45 and a 12 month high of $143.40.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.13 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $565.41 million. During the same quarter in the prior year, the firm posted $0.98 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities analysts forecast that Churchill Downs will post 6.04 EPS for the current year.

Insider Buying and Selling at Churchill Downs

In other news, Director Paul C. Varga acquired 3,800 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $130.22 per share, for a total transaction of $494,836.00. Following the transaction, the director now owns 28,902 shares of the company’s stock, valued at $3,763,618.44. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.13% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of Churchill Downs by 59.8% in the 1st quarter. UMB Bank n.a. now owns 286 shares of the company’s stock worth $35,000 after purchasing an additional 107 shares during the last quarter. M&T Bank Corp boosted its position in shares of Churchill Downs by 5.2% in the 4th quarter. M&T Bank Corp now owns 2,399 shares of the company’s stock worth $324,000 after purchasing an additional 118 shares during the last quarter. CWM LLC boosted its position in shares of Churchill Downs by 36.8% in the 2nd quarter. CWM LLC now owns 439 shares of the company’s stock worth $61,000 after purchasing an additional 118 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Churchill Downs by 4.9% in the 4th 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 last quarter. Finally, Sculati Wealth Management LLC boosted its position in shares of Churchill Downs by 2.8% in the 4th quarter. Sculati Wealth Management LLC now owns 5,175 shares of the company’s stock worth $698,000 after purchasing an additional 140 shares during the last quarter. 82.59% of the stock is currently owned by institutional investors.

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.