Principal Securities Inc. Raises Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

Principal Securities Inc. boosted its position in Churchill Downs Incorporated (NASDAQ:CHDN) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,602 shares of the company’s stock after acquiring an additional 246 shares during the quarter. Principal Securities Inc.’s holdings in Churchill Downs were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Winslow Asset Management Inc. lifted its holdings in shares of Churchill Downs by 2.8% during the 3rd quarter. Winslow Asset Management Inc. now owns 3,280 shares of the company’s stock valued at $443,000 after acquiring an additional 90 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Churchill Downs by 13.3% during the third quarter. Venturi Wealth Management LLC now owns 767 shares of the company’s stock worth $104,000 after purchasing an additional 90 shares in the last quarter. Commerce Bank boosted its position in shares of Churchill Downs by 1.8% in the third quarter. Commerce Bank now owns 5,072 shares of the company’s stock worth $686,000 after buying an additional 90 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Churchill Downs by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 20,400 shares of the company’s stock valued at $2,724,000 after buying an additional 100 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Churchill Downs by 127.2% during the 4th quarter. Blue Trust Inc. now owns 184 shares of the company’s stock valued at $25,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CHDN shares. Mizuho decreased their price target on Churchill Downs from $151.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday. StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Stifel Nicolaus dropped their price target on shares of Churchill Downs from $164.00 to $161.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company decreased their price objective on shares of Churchill Downs from $165.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday. Finally, JMP Securities restated a “market outperform” rating and set a $166.00 target price on shares of Churchill Downs in a research note on Thursday, January 16th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $159.38.

Churchill Downs Trading Down 1.8 %

NASDAQ:CHDN opened at $116.92 on Friday. The company has a market cap of $8.59 billion, a PE ratio of 20.58, a P/E/G ratio of 2.95 and a beta of 0.95. The business’s 50 day moving average is $126.93 and its two-hundred day moving average is $134.59. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 4.47. Churchill Downs Incorporated has a 52 week low of $111.10 and a 52 week high of $150.21.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.06). Churchill Downs had a return on equity of 43.67% and a net margin of 15.61%. The firm had revenue of $624.20 million for the quarter, compared to the consensus estimate of $620.21 million. On average, analysts predict that Churchill Downs Incorporated will post 6.92 EPS for the current year.

Churchill Downs Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a $0.409 dividend. This is an increase from Churchill Downs’s previous annual dividend of $0.38. The ex-dividend date was Friday, December 6th. This represents a dividend yield of 0.29%. Churchill Downs’s dividend payout ratio (DPR) is 7.22%.

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.