Walleye Capital LLC grew its holdings in shares of Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) by 220.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,571 shares of the company's stock after buying an additional 15,538 shares during the period. Walleye Capital LLC's holdings in Churchill Downs were worth $3,052,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the stock. Winslow Asset Management Inc. increased its stake in Churchill Downs by 2.8% in the 3rd quarter. Winslow Asset Management Inc. now owns 3,280 shares of the company's stock worth $443,000 after purchasing an additional 90 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Churchill Downs by 13.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 767 shares of the company's stock valued at $104,000 after acquiring an additional 90 shares during the last quarter. Commerce Bank increased its position in shares of Churchill Downs by 1.8% during the third quarter. Commerce Bank now owns 5,072 shares of the company's stock worth $686,000 after acquiring an additional 90 shares during the period. First Horizon Advisors Inc. boosted its stake in Churchill Downs by 13.8% in the second quarter. First Horizon Advisors Inc. now owns 818 shares of the company's stock valued at $114,000 after acquiring an additional 99 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Churchill Downs by 1.5% during the second quarter. Nisa Investment Advisors LLC now owns 7,065 shares of the company's stock worth $986,000 after buying an additional 105 shares during the period. 82.59% of the stock is currently owned by institutional investors.
CHDN opened at $142.78 on Tuesday. Churchill Downs Incorporated has a 1-year low of $111.10 and a 1-year high of $150.21. The company has a debt-to-equity ratio of 4.35, a current ratio of 0.55 and a quick ratio of 0.55. The company's 50 day simple moving average is $139.18 and its two-hundred day simple moving average is $138.17. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 3.94 and a beta of 0.95.
Churchill Downs (NASDAQ:CHDN - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.01. Churchill Downs had a return on equity of 45.48% and a net margin of 15.45%. The company had revenue of $628.50 million during the quarter, compared to analysts' expectations of $627.90 million. During the same period in the previous year, the firm posted $0.87 earnings per share. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts expect that Churchill Downs Incorporated will post 5.86 EPS for the current fiscal year.
The firm also recently announced an annual dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given a dividend of $0.409 per share. This represents a yield of 0.29%. This is an increase from Churchill Downs's previous annual dividend of $0.38. The ex-dividend date is Friday, December 6th. Churchill Downs's dividend payout ratio is presently 6.92%.
CHDN has been the topic of several recent analyst reports. Truist Financial reiterated a "buy" rating and issued a $165.00 target price (down from $166.00) on shares of Churchill Downs in a report on Friday, October 25th. Bank of America upgraded Churchill Downs from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $145.00 to $155.00 in a research note on Monday, August 12th. Mizuho dropped their price objective on Churchill Downs from $157.00 to $151.00 and set an "outperform" rating for the company in a research note on Tuesday, October 22nd. StockNews.com raised Churchill Downs from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, JMP Securities reissued a "market outperform" rating and set a $166.00 price target on shares of Churchill Downs in a report on Monday, October 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Churchill Downs presently has an average rating of "Moderate Buy" and a consensus target price of $160.88.
Get Our Latest Stock Report on Churchill Downs
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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