Systematic Financial Management LP Purchases 35,094 Shares of Churchill Downs, Incorporated $CHDN

Systematic Financial Management LP increased its stake in Churchill Downs by 19.4% in Q2, owning 215,940 shares worth $21.81 million. Analysts have mixed ratings on CHDN, with a consensus 'Buy' and an average price target of $133.30. Churchill Downs reported Q3 earnings of $1.09 per share, beating estimates, with revenue up 8.7% year-over-year. The stock opened at $110.99, with a market cap of $7.74 billion.

Systematic Financial Management LP boosted its position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN - Free Report) by 19.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 215,940 shares of the company's stock after purchasing an additional 35,094 shares during the period. Systematic Financial Management LP owned about 0.31% of Churchill Downs worth $21,810,000 at the end of the most recent quarter.

Why Flutter Entertainment May Be a Resilient Sports Betting Stock

Several other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in Churchill Downs by 161.1% in the 2nd quarter. Signaturefd LLC now owns 329 shares of the company's stock valued at $33,000 after acquiring an additional 203 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Churchill Downs by 5.6% in the 2nd 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 purchasing an additional 990 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Churchill Downs during the 2nd quarter worth approximately $593,000. Charles Schwab Investment Management Inc. raised its stake in shares of Churchill Downs by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 615,463 shares of the company's stock worth $68,359,000 after buying an additional 10,108 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Churchill Downs by 51.5% in the first quarter. LPL Financial LLC now owns 61,158 shares of the company's stock valued at $6,793,000 after buying an additional 20,802 shares during the period. 82.59% of the stock is owned by institutional investors.

Get Churchill Downs alerts:

Wall Street Analyst Weigh In

A number of brokerages recently commented on CHDN. Susquehanna reaffirmed a "positive" rating and set a $124.00 price objective (down from $126.00) on shares of Churchill Downs in a research note on Tuesday, October 21st. Wells Fargo & Company initiated coverage on Churchill Downs in a research report on Tuesday, November 18th. They set an "overweight" rating and a $115.00 target price for the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Churchill Downs in a research note on Wednesday, October 8th. Barclays lifted their price objective 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, JPMorgan Chase & Co. lowered their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Churchill Downs currently has a consensus rating of "Buy" and an average price target of $133.30.

Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains?

Get Our Latest Report on CHDN

Churchill Downs Stock Up 0.1%

Churchill Downs stock opened at $110.99 on Wednesday. The company has a 50 day moving average of $98.76 and a 200-day moving average of $100.42. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.87. Churchill Downs, Incorporated has a twelve month low of $85.58 and a twelve month high of $143.34. The stock has a market capitalization of $7.74 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 1.99 and a beta of 0.70.

3 Stocks Returning Billions to Shareholders via Buybacks

Churchill Downs (NASDAQ:CHDN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.12. The company had revenue of $683.00 million during the quarter, compared to analysts' expectations of $671.43 million. Churchill Downs had a return on equity of 42.54% and a net margin of 13.99%.Churchill Downs's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. On average, equities research analysts anticipate that Churchill Downs, Incorporated will post 6.92 EPS for the current fiscal year.

Churchill Downs Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be issued a $0.438 dividend. This represents a dividend yield of 46.0%. The ex-dividend date of this dividend is Friday, December 5th. This is a boost from Churchill Downs's previous annual dividend of $0.41. Churchill Downs's payout ratio is currently 7.45%.

Churchill Downs Company Profile

(Free Report)

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.

Should You Invest $1,000 in Churchill Downs Right Now?

Before you consider Churchill Downs, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Churchill Downs wasn't on the list.

While Churchill Downs currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here