Churchill Downs, Incorporated $CHDN Shares Purchased by Hudson Way Capital Management LLC

Hudson Way Capital Management LLC boosted its stake in Churchill Downs, Incorporated (NASDAQ:CHDN) by 14.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,140,312 shares of the company’s stock after buying an additional 142,714 shares during the quarter. Churchill Downs makes up about 9.4% of Hudson Way Capital Management LLC’s holdings, making the stock its 2nd biggest position. Hudson Way Capital Management LLC’s holdings in Churchill Downs were worth $110,622,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Churchill Downs by 5.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,561 shares of the company’s stock valued at $1,875,000 after acquiring an additional 990 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Churchill Downs by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 219,834 shares of the company’s stock valued at $21,326,000 after purchasing an additional 16,646 shares during the last quarter. Fieldview Capital Management LLC acquired a new position in Churchill Downs in the 3rd quarter valued at about $3,869,000. Norges Bank purchased a new position in Churchill Downs in the 2nd quarter valued at about $43,935,000. Finally, William Blair Investment Management LLC boosted its stake in shares of Churchill Downs by 9.2% during the 3rd quarter. William Blair Investment Management LLC now owns 1,017,726 shares of the company’s stock worth $98,730,000 after purchasing an additional 85,925 shares during the last quarter. Institutional investors and hedge funds own 82.59% of the company’s stock.

Churchill Downs Stock Up 2.7%

Shares of NASDAQ:CHDN opened at $86.36 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 5.02. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.43 and a beta of 0.65. The stock’s 50-day moving average price is $96.87 and its two-hundred day moving average price is $100.69. Churchill Downs, Incorporated has a 12-month low of $80.24 and a 12-month high of $118.46.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $665.90 million during the quarter, compared to the consensus estimate of $658.01 million. Churchill Downs had a net margin of 13.09% and a return on equity of 43.26%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS. On average, research analysts forecast that Churchill Downs, Incorporated will post 6.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Citigroup reiterated an “outperform” rating on shares of Churchill Downs in a report on Wednesday, January 14th. Wells Fargo & Company reduced their price objective on shares of Churchill Downs from $125.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Citizens Jmp raised their target price on shares of Churchill Downs from $142.00 to $146.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Churchill Downs in a research note on Wednesday, December 24th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Churchill Downs currently has a consensus rating of “Moderate Buy” and an average price target of $135.00.

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.