Bank & Trust Co Invests $84,000 in Churchill Downs Incorporated (NASDAQ:CHDN)

Bank & Trust Co bought a new stake in Churchill Downs Incorporated (NASDAQ:CHDN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 600 shares of the company’s stock, valued at approximately $84,000.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in Churchill Downs by 59.8% in the 1st quarter. UMB Bank n.a. now owns 286 shares of the company’s stock valued at $35,000 after buying an additional 107 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in Churchill Downs during the fourth quarter worth $39,000. Central Pacific Bank Trust Division bought a new stake in Churchill Downs during the first quarter worth $44,000. Vestor Capital LLC purchased a new position in Churchill Downs in the fourth quarter worth $45,000. Finally, GAMMA Investing LLC bought a new position in Churchill Downs in the 4th quarter valued at $66,000. 82.59% of the stock is owned by institutional investors.

Churchill Downs Stock Performance

Shares of NASDAQ:CHDN traded up $2.29 during midday trading on Tuesday, reaching $132.64. 275,370 shares of the company traded hands, compared to its average volume of 446,424. The firm’s fifty day moving average price is $138.09 and its two-hundred day moving average price is $128.79. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.65. Churchill Downs Incorporated has a 12 month low of $106.45 and a 12 month high of $146.64.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, July 24th. The company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.18. The company had revenue of $890.70 million during the quarter, compared to analyst estimates of $858.59 million. Churchill Downs had a net margin of 15.61% and a return on equity of 47.53%. Churchill Downs’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $2.24 earnings per share. On average, equities analysts expect that Churchill Downs Incorporated will post 6.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CHDN shares. Wells Fargo & Company boosted their price target on shares of Churchill Downs from $150.00 to $161.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Mizuho raised their price target on shares of Churchill Downs from $143.00 to $157.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. JMP Securities upped their price objective on Churchill Downs from $158.00 to $166.00 and gave the company a “market outperform” rating in a research note on Friday, July 26th. Jefferies Financial Group raised their target price on Churchill Downs from $153.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Macquarie upped their price target on Churchill Downs from $154.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Churchill Downs presently has an average rating of “Moderate Buy” and a consensus price target of $157.11.

Churchill Downs Company Profile

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.