Churchill Downs (NASDAQ:CHDN) PT Raised to $166.00

Churchill Downs (NASDAQ:CHDN) had its price target hoisted by JMP Securities from $158.00 to $166.00 in a report released on Friday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

A number of other research firms have also recently weighed in on CHDN. Jefferies Financial Group upped their price target on Churchill Downs from $153.00 to $160.00 and gave the stock a buy rating in a report on Thursday, July 11th. StockNews.com lowered shares of Churchill Downs from a hold rating to a sell rating in a report on Thursday, July 25th. Wells Fargo & Company boosted their price objective on shares of Churchill Downs from $150.00 to $161.00 and gave the stock an overweight rating in a report on Friday. Mizuho raised their target price on Churchill Downs from $143.00 to $157.00 and gave the company an outperform rating in a research note on Friday. Finally, Stifel Nicolaus boosted their price target on Churchill Downs from $153.00 to $160.00 and gave the stock a buy rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to MarketBeat, Churchill Downs currently has an average rating of Moderate Buy and a consensus target price of $155.60.

Churchill Downs Stock Up 1.7 %

CHDN opened at $145.00 on Friday. The company has a market cap of $10.66 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 3.15 and a beta of 0.97. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.57 and a current ratio of 0.57. Churchill Downs has a 1 year low of $106.45 and a 1 year high of $146.64. The firm has a 50 day moving average price of $137.69 and a 200 day moving average price of $128.28.

Churchill Downs (NASDAQ:CHDN) last issued its earnings results on Wednesday, July 24th. The company reported $2.89 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 business had revenue of $890.70 million for the quarter, compared to the consensus estimate of $858.59 million. During the same quarter last year, the firm posted $2.24 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts expect that Churchill Downs will post 6.03 earnings per share for the current year.

Institutional Investors Weigh In On Churchill Downs

A number of institutional investors have recently modified their holdings of the business. UMB Bank n.a. lifted its holdings 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. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Churchill Downs during the fourth quarter worth approximately $39,000. Vestor Capital LLC bought a new position in Churchill Downs in the 4th quarter worth approximately $45,000. Central Pacific Bank Trust Division acquired a new stake in Churchill Downs in the 1st quarter valued at approximately $44,000. Finally, CWM LLC boosted its position in Churchill Downs by 36.8% during the 2nd quarter. CWM LLC now owns 439 shares of the company’s stock worth $61,000 after acquiring an additional 118 shares during the period. Institutional investors own 82.59% of the company’s stock.

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; and casino gaming.