Global Retirement Partners LLC Purchases 1,462 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Global Retirement Partners LLC lifted its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 114.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,742 shares of the company’s stock after acquiring an additional 1,462 shares during the period. Global Retirement Partners LLC’s holdings in Churchill Downs were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CHDN. Goldman Sachs Group Inc. increased its position in shares of Churchill Downs by 6.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 151,377 shares of the company’s stock valued at $20,425,000 after acquiring an additional 9,354 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Churchill Downs by 3.7% during the first quarter. Park Avenue Securities LLC now owns 8,394 shares of the company’s stock valued at $1,039,000 after acquiring an additional 301 shares in the last quarter. Independence Bank of Kentucky increased its position in shares of Churchill Downs by 80.5% during the first quarter. Independence Bank of Kentucky now owns 12,254 shares of the company’s stock valued at $1,516,000 after acquiring an additional 5,464 shares in the last quarter. Guidance Capital Inc. grew its position in Churchill Downs by 2.5% in the 1st quarter. Guidance Capital Inc. now owns 11,768 shares of the company’s stock worth $1,438,000 after purchasing an additional 284 shares during the period. Finally, Mirador Capital Partners LP bought a new stake in Churchill Downs in the 1st quarter worth approximately $272,000. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Trading Down 1.8 %

Shares of CHDN stock opened at $135.49 on Tuesday. Churchill Downs Incorporated has a 1 year low of $106.45 and a 1 year high of $146.64. The firm has a fifty day moving average price of $137.79 and a 200-day moving average price of $135.49. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 2.06 and a beta of 0.97.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.18. Churchill Downs had a net margin of 15.61% and a return on equity of 47.53%. The firm had revenue of $890.70 million during the quarter, compared to the consensus estimate of $858.59 million. During the same quarter in the previous year, the firm posted $2.24 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, equities analysts predict that Churchill Downs Incorporated will post 6.13 earnings per share for the current year.

Analyst Ratings Changes

CHDN has been the subject of a number of research analyst reports. Macquarie lifted their target price on shares of Churchill Downs from $154.00 to $162.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Mizuho lifted their target price on shares of Churchill Downs from $143.00 to $157.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Jefferies Financial Group lifted their target price on shares of Churchill Downs from $153.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their target price on shares of 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $161.75.

About Churchill Downs

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.