Yousif Capital Management LLC Has $2.02 Million Stake in Churchill Downs Incorporated (NASDAQ:CHDN)

Yousif Capital Management LLC trimmed its stake in Churchill Downs Incorporated (NASDAQ:CHDN) by 5.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,101 shares of the company’s stock after selling 827 shares during the period. Yousif Capital Management LLC’s holdings in Churchill Downs were worth $2,017,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Westfield Capital Management Co. LP boosted its stake in Churchill Downs by 100.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 763,561 shares of the company’s stock valued at $103,241,000 after buying an additional 381,754 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Churchill Downs during the third quarter worth approximately $18,368,000. State Street Corp boosted its position in shares of Churchill Downs by 5.8% in the 3rd quarter. State Street Corp now owns 2,078,031 shares of the company’s stock worth $280,971,000 after purchasing an additional 114,018 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of Churchill Downs during the 3rd quarter worth about $15,231,000. Finally, Geode Capital Management LLC lifted its holdings in Churchill Downs by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,299,442 shares of the company’s stock worth $175,742,000 after acquiring an additional 96,910 shares in the last quarter. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Stock Performance

NASDAQ:CHDN opened at $122.43 on Tuesday. The stock’s 50-day moving average is $130.21 and its 200-day moving average is $135.72. The stock has a market cap of $9.00 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 3.05 and a beta of 0.95. Churchill Downs Incorporated has a 1-year low of $111.10 and a 1-year high of $150.21. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.35.

Churchill Downs Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $0.409 per share. This represents a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, December 6th. This is a positive change from Churchill Downs’s previous annual dividend of $0.38. Churchill Downs’s payout ratio is 7.47%.

Analyst Upgrades and Downgrades

CHDN has been the topic of several recent research reports. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Mizuho cut their target price on shares of Churchill Downs from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Tuesday, October 22nd. Wells Fargo & Company lowered their price objective on Churchill Downs from $168.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday. JMP Securities reiterated a “market outperform” rating and issued a $166.00 price target on shares of Churchill Downs in a research note on Thursday, January 16th. Finally, Truist Financial reaffirmed a “buy” rating and set a $165.00 price target (down previously from $166.00) on shares of Churchill Downs in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.50.

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; casino gaming; and Terre Haute Casino Resort.