Churchill Downs, Incorporated $CHDN Stock Position Raised by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 15.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,411 shares of the company’s stock after acquiring an additional 36,060 shares during the quarter. Natixis Advisors LLC owned approximately 0.38% of Churchill Downs worth $25,942,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CHDN. First Horizon Corp bought a new position in shares of Churchill Downs during the third quarter valued at approximately $26,000. Quent Capital LLC bought a new stake in shares of Churchill Downs in the 3rd quarter worth approximately $27,000. Geneos Wealth Management Inc. lifted its holdings in shares of Churchill Downs by 1,364.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after purchasing an additional 232 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Churchill Downs by 1,670.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 301 shares of the company’s stock valued at $29,000 after purchasing an additional 284 shares during the period. Finally, MAI Capital Management grew its stake in Churchill Downs by 306.9% during the 2nd quarter. MAI Capital Management now owns 293 shares of the company’s stock worth $30,000 after buying an additional 221 shares during the last quarter. Institutional investors own 82.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CHDN. Citigroup reaffirmed an “outperform” rating on shares of Churchill Downs in a research report on Wednesday, January 14th. Citizens Jmp boosted their price target on shares of Churchill Downs from $142.00 to $146.00 and gave the company a “market outperform” rating in a report on Wednesday, January 14th. Wells Fargo & Company lowered their price target on shares of Churchill Downs from $125.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Churchill Downs in a research report on Wednesday, December 24th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Churchill Downs has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Churchill Downs Stock Down 1.7%

CHDN opened at $83.62 on Wednesday. The stock’s 50 day moving average price is $98.54 and its 200 day moving average price is $101.09. The company has a debt-to-equity ratio of 5.02, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $5.83 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.41 and a beta of 0.65. Churchill Downs, Incorporated has a 12 month low of $80.24 and a 12 month high of $118.46.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. Churchill Downs had a return on equity of 43.26% and a net margin of 13.09%.The company had revenue of $665.90 million during the quarter, compared to analyst estimates of $658.01 million. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, research analysts predict that Churchill Downs, Incorporated will post 6.92 earnings per share for the current year.

About Churchill Downs

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.