Churchill Downs Incorporated (NASDAQ:CHDN) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 209,416 shares of the company’s stock after selling 210 shares during the period. Rhumbline Advisers owned 0.28% of Churchill Downs worth $27,965,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp raised its holdings in shares of Churchill Downs by 5.8% during the third quarter. State Street Corp now owns 2,078,031 shares of the company’s stock worth $280,971,000 after purchasing an additional 114,018 shares during the period. Geode Capital Management LLC raised its holdings in shares of Churchill Downs by 8.1% during 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 period. Jennison Associates LLC raised its holdings in shares of Churchill Downs by 5.6% during 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 period. Westfield Capital Management Co. LP raised its holdings in shares of Churchill Downs by 100.0% during the third quarter. Westfield Capital Management Co. LP now owns 763,561 shares of the company’s stock worth $103,241,000 after purchasing an additional 381,754 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Churchill Downs by 6.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 595,202 shares of the company’s stock worth $80,477,000 after acquiring an additional 37,679 shares during the period. 82.59% of the stock is owned by institutional investors and hedge funds.

Churchill Downs Stock Performance

Shares of CHDN opened at $119.54 on Thursday. The firm has a 50-day moving average price of $127.68 and a 200 day moving average price of $134.78. The firm has a market capitalization of $8.79 billion, a PE ratio of 21.77, a P/E/G ratio of 3.02 and a beta of 0.95. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 4.35. Churchill Downs Incorporated has a 52-week low of $111.10 and a 52-week high of $150.21.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.06). Churchill Downs had a net margin of 15.45% and a return on equity of 45.48%. On average, sell-side analysts anticipate that Churchill Downs Incorporated will post 5.99 earnings per share for the current fiscal year.

Churchill Downs Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $166.00 price objective on shares of Churchill Downs in a report on Thursday, January 16th. Truist Financial reaffirmed a “buy” rating and issued a $165.00 price objective (down previously from $166.00) on shares of Churchill Downs in a report on Friday, October 25th. Wells Fargo & Company dropped their price objective on shares of Churchill Downs from $168.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Mizuho dropped their price objective on shares of Churchill Downs from $151.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $160.13.

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; casino gaming; and Terre Haute Casino Resort.