Choreo LLC Has $248,000 Position in Churchill Downs Incorporated (NASDAQ:CHDN)

Choreo LLC decreased its holdings in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 52.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,850 shares of the company’s stock after selling 2,005 shares during the period. Choreo LLC’s holdings in Churchill Downs were worth $248,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Churchill Downs by 5.8% in the 3rd quarter. State Street Corp now owns 2,078,031 shares of the company’s stock worth $280,971,000 after acquiring an additional 114,018 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Churchill Downs by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,299,442 shares of the company’s stock worth $175,742,000 after purchasing an additional 96,910 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Churchill Downs by 5.6% in the fourth quarter. Jennison Associates LLC now owns 1,000,402 shares of the company’s stock worth $133,594,000 after purchasing an additional 53,334 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Churchill Downs by 100.0% in the third quarter. Westfield Capital Management Co. LP now owns 763,561 shares of the company’s stock valued at $103,241,000 after purchasing an additional 381,754 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Churchill Downs by 6.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 595,202 shares of the company’s stock valued at $80,477,000 after buying an additional 37,679 shares during the last quarter. 82.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Truist Financial reissued a “buy” rating and set a $165.00 price target (down from $166.00) on shares of Churchill Downs in a research report on Friday, October 25th. Mizuho reduced their price objective on shares of Churchill Downs from $157.00 to $151.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. Wells Fargo & Company dropped their target price on shares of Churchill Downs from $168.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $166.00 target price on shares of Churchill Downs in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $160.50.

Churchill Downs Price Performance

Shares of NASDAQ CHDN opened at $122.11 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.35. The stock has a fifty day simple moving average of $128.72 and a two-hundred day simple moving average of $135.23. Churchill Downs Incorporated has a 1-year low of $111.10 and a 1-year high of $150.21. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 3.05 and a beta of 0.95.

Churchill Downs Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a $0.409 dividend. The ex-dividend date was Friday, December 6th. This represents a yield of 0.29%. This is a positive change from Churchill Downs’s previous annual dividend of $0.38. Churchill Downs’s dividend payout ratio (DPR) is 7.47%.

About 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.