Private Advisor Group LLC Sells 177 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Private Advisor Group LLC decreased its holdings in Churchill Downs Incorporated (NASDAQ:CHDN) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,368 shares of the company’s stock after selling 177 shares during the period. Private Advisor Group LLC’s holdings in Churchill Downs were worth $450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CHDN. Blue Trust Inc. grew its holdings in shares of Churchill Downs by 127.2% in the fourth quarter. Blue Trust Inc. now owns 184 shares of the company’s stock worth $25,000 after acquiring an additional 103 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Churchill Downs in the third quarter worth $27,000. Fortitude Family Office LLC grew its holdings in shares of Churchill Downs by 2,733.3% in the fourth quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $34,000 after acquiring an additional 246 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of Churchill Downs in the fourth quarter worth $55,000. Finally, R Squared Ltd bought a new stake in shares of Churchill Downs in the fourth quarter worth $55,000. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Trading Down 2.8 %

CHDN opened at $115.16 on Tuesday. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 2.95 and a beta of 0.95. The stock’s 50 day moving average price is $124.96 and its 200-day moving average price is $133.77. Churchill Downs Incorporated has a one year low of $111.10 and a one year high of $150.21. The company has a debt-to-equity ratio of 4.47, a quick ratio of 0.55 and a current ratio of 0.57.

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

Churchill Downs Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a dividend of $0.409 per share. This represents a yield of 0.29%. The ex-dividend date was Friday, December 6th. This is a boost from Churchill Downs’s previous annual dividend of $0.38. Churchill Downs’s dividend payout ratio (DPR) is 7.04%.

Analyst Ratings Changes

Several research firms recently weighed in on CHDN. StockNews.com upgraded Churchill Downs from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Mizuho lowered their target price on Churchill Downs from $151.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Wells Fargo & Company lowered their target price on Churchill Downs from $165.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus lowered their target price on Churchill Downs from $164.00 to $161.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, JMP Securities reiterated a “market outperform” rating and set a $166.00 target price on shares of Churchill Downs in a research report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Churchill Downs currently has a consensus rating of “Moderate Buy” and an average price target of $159.38.

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.