Churchill Downs Incorporated (NASDAQ:CHDN) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors trimmed its stake in Churchill Downs Incorporated (NASDAQ:CHDN) by 3.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,578 shares of the company’s stock after selling 127 shares during the quarter. Captrust Financial Advisors’ holdings in Churchill Downs were worth $484,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Winslow Asset Management Inc. boosted its position in shares of Churchill Downs by 2.8% in the third quarter. Winslow Asset Management Inc. now owns 3,280 shares of the company’s stock worth $443,000 after buying an additional 90 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Churchill Downs by 13.3% in the third quarter. Venturi Wealth Management LLC now owns 767 shares of the company’s stock worth $104,000 after buying an additional 90 shares during the period. Commerce Bank boosted its position in shares of Churchill Downs by 1.8% in the third quarter. Commerce Bank now owns 5,072 shares of the company’s stock worth $686,000 after buying an additional 90 shares during the period. First Horizon Advisors Inc. boosted its position in Churchill Downs by 13.8% during the second quarter. First Horizon Advisors Inc. now owns 818 shares of the company’s stock valued at $114,000 after purchasing an additional 99 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Churchill Downs by 1.5% during the second quarter. Nisa Investment Advisors LLC now owns 7,065 shares of the company’s stock valued at $986,000 after purchasing an additional 105 shares during the last quarter. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Churchill Downs Trading Down 0.8 %

Churchill Downs stock opened at $137.46 on Friday. The company has a debt-to-equity ratio of 4.35, a quick ratio of 0.55 and a current ratio of 0.55. The business’s 50-day simple moving average is $140.06 and its 200-day simple moving average is $138.43. The firm has a market capitalization of $10.10 billion, a PE ratio of 25.04, a PEG ratio of 3.85 and a beta of 0.95. Churchill Downs Incorporated has a 52 week low of $111.10 and a 52 week high of $150.21.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $628.50 million for the quarter, compared to analyst estimates of $627.90 million. Churchill Downs had a return on equity of 45.48% and a net margin of 15.45%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. Equities research analysts forecast that Churchill Downs Incorporated will post 5.86 earnings per share for the current year.

Churchill Downs Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be paid a dividend of $0.409 per share. This represents a yield of 0.29%. This is a positive change from Churchill Downs’s previous annual dividend of $0.38. The ex-dividend date is Friday, December 6th. Churchill Downs’s payout ratio is currently 7.29%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CHDN. Mizuho reduced their price objective on Churchill Downs from $157.00 to $151.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. JMP Securities reissued a “market outperform” rating and set a $166.00 price objective on shares of Churchill Downs in a research report on Monday, October 14th. Truist Financial reaffirmed a “buy” rating and issued a $165.00 price target (down previously from $166.00) on shares of Churchill Downs in a research report on Friday, October 25th. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their price target on Churchill Downs from $161.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.88.

Churchill Downs 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; casino gaming; and Terre Haute Casino Resort.