Churchill Downs (NASDAQ:CHDN) Given New $161.00 Price Target at Stifel Nicolaus

Churchill Downs (NASDAQ:CHDN) had its price objective cut by Stifel Nicolaus from $164.00 to $161.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

CHDN has been the topic of a number of other reports. Wells Fargo & Company lowered their price target on Churchill Downs from $165.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. JMP Securities reaffirmed a “market outperform” rating and set a $166.00 price target on shares of Churchill Downs in a report on Thursday, January 16th. Mizuho lowered their price target on Churchill Downs from $151.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Truist Financial reissued a “buy” rating and issued a $165.00 target price (down previously from $166.00) on shares of Churchill Downs in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Churchill Downs currently has an average rating of “Moderate Buy” and a consensus price target of $159.38.

Churchill Downs Trading Down 1.8 %

Churchill Downs stock opened at $116.92 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.35. The business’s fifty day simple moving average is $126.93 and its two-hundred day simple moving average is $134.58. Churchill Downs has a 12 month low of $111.10 and a 12 month high of $150.21. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 2.96 and a beta of 0.95.

Churchill Downs (NASDAQ:CHDN) last released its earnings results on Wednesday, February 19th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.06). The company had revenue of $624.20 million during the quarter, compared to the consensus estimate of $620.21 million. Churchill Downs had a return on equity of 44.76% and a net margin of 15.61%. As a group, equities analysts predict that Churchill Downs will post 6.92 earnings per share for the current fiscal year.

Churchill Downs Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a $0.409 dividend. This is a boost from Churchill Downs’s previous annual dividend of $0.38. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 0.29%. Churchill Downs’s dividend payout ratio is presently 7.04%.

Institutional Trading of Churchill Downs

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Churchill Downs by 2.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 210,639 shares of the company’s stock worth $28,129,000 after buying an additional 4,036 shares in the last quarter. Teza Capital Management LLC increased its position in Churchill Downs by 53.7% in the fourth quarter. Teza Capital Management LLC now owns 7,056 shares of the company’s stock worth $942,000 after buying an additional 2,466 shares in the last quarter. Strategic Wealth Partners Ltd. grew its position in shares of Churchill Downs by 6.5% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 11,300 shares of the company’s stock worth $1,391,000 after purchasing an additional 688 shares in the last quarter. Systematic Financial Management LP grew its position in shares of Churchill Downs by 3.5% during the fourth quarter. Systematic Financial Management LP now owns 177,193 shares of the company’s stock worth $23,662,000 after purchasing an additional 5,919 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Churchill Downs by 9.1% during the fourth quarter. Royal Bank of Canada now owns 103,402 shares of the company’s stock worth $13,809,000 after purchasing an additional 8,606 shares in the last quarter. Hedge funds and other 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; casino gaming; and Terre Haute Casino Resort.