Fox Run Management L.L.C. Acquires New Holdings in Churchill Downs, Incorporated $CHDN

Fox Run Management L.L.C. bought a new position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,819 shares of the company's stock, valued at approximately $487,000.

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Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHDN. Signaturefd LLC raised its position in Churchill Downs by 161.1% during the 2nd quarter. Signaturefd LLC now owns 329 shares of the company's stock worth $33,000 after purchasing an additional 203 shares during the last quarter. GW&K Investment Management LLC increased its stake in shares of Churchill Downs by 7.3% in the first quarter. GW&K Investment Management LLC now owns 465,966 shares of the company's stock valued at $51,755,000 after buying an additional 31,778 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Churchill Downs by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 615,463 shares of the company's stock valued at $68,359,000 after buying an additional 10,108 shares during the period. Bayforest Capital Ltd bought a new position in shares of Churchill Downs during the second quarter worth about $593,000. Finally, Edgestream Partners L.P. lifted its stake in shares of Churchill Downs by 490.4% in the first quarter. Edgestream Partners L.P. now owns 64,790 shares of the company's stock worth $7,196,000 after acquiring an additional 53,817 shares during the period. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHDN has been the subject of a number of recent analyst reports. Truist Financial decreased their target price on shares of Churchill Downs from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Susquehanna restated a "positive" rating and issued a $124.00 price objective (down previously from $126.00) on shares of Churchill Downs in a research note on Tuesday, October 21st. JPMorgan Chase & Co. decreased their price target on shares of Churchill Downs from $130.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, October 16th. Barclays lifted their target price on shares of Churchill Downs from $131.00 to $132.00 and gave the stock an "overweight" rating in a research note on Friday, October 24th. Finally, Mizuho lifted their price objective on shares of Churchill Downs from $134.00 to $136.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Churchill Downs has a consensus rating of "Moderate Buy" and a consensus target price of $137.60.

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Get Our Latest Analysis on CHDN

Churchill Downs Stock Down 0.4%

CHDN opened at $99.43 on Wednesday. The business's 50-day moving average price is $96.56 and its 200-day moving average price is $99.25. Churchill Downs, Incorporated has a 12 month low of $85.58 and a 12 month high of $144.23. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 4.87. The company has a market cap of $6.93 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.84 and a beta of 0.81.

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Churchill Downs (NASDAQ:CHDN - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.12. The business had revenue of $683.00 million during the quarter, compared to analyst estimates of $671.43 million. Churchill Downs had a return on equity of 42.54% and a net margin of 13.99%.Churchill Downs's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. On average, equities analysts expect that Churchill Downs, Incorporated will post 6.92 EPS for the current year.

Churchill Downs Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be issued a $0.438 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a yield of 46.0%. This is an increase from Churchill Downs's previous annual dividend of $0.41. Churchill Downs's payout ratio is 7.82%.

Churchill Downs 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; casino gaming; and Terre Haute Casino Resort.

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