Charles Schwab Investment Management Inc. Buys 10,153 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Charles Schwab Investment Management Inc. lifted its stake in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 605,355 shares of the company’s stock after acquiring an additional 10,153 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.82% of Churchill Downs worth $80,839,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Venturi Wealth Management LLC boosted its stake in shares of Churchill Downs by 13.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 767 shares of the company’s stock worth $104,000 after acquiring an additional 90 shares in the last quarter. Winslow Asset Management Inc. boosted its stake in 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 purchasing an additional 90 shares during the period. Commerce Bank boosted its stake in Churchill Downs by 1.8% during the 3rd quarter. Commerce Bank now owns 5,072 shares of the company’s stock valued at $686,000 after purchasing an additional 90 shares during the period. Louisiana State Employees Retirement System boosted its stake in Churchill Downs by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,400 shares of the company’s stock valued at $2,724,000 after purchasing an additional 100 shares during the period. Finally, Blue Trust Inc. boosted its stake in 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 purchasing an additional 103 shares during the period. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Trading Down 2.2 %

Churchill Downs stock opened at $109.56 on Tuesday. The business has a 50 day moving average price of $122.94 and a two-hundred day moving average price of $132.90. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 4.47. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.95 and a beta of 0.93. Churchill Downs Incorporated has a 12 month low of $108.28 and a 12 month high of $150.21.

Churchill Downs (NASDAQ:CHDN) last issued its earnings results on Wednesday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.06). Churchill Downs had a return on equity of 43.67% and a net margin of 15.61%. The company had revenue of $624.20 million during the quarter, compared to analyst estimates of $620.21 million. As a group, equities analysts forecast that Churchill Downs Incorporated will post 6.92 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Mizuho decreased their target price on Churchill Downs from $151.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their target price on Churchill Downs from $165.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. 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. Finally, Stifel Nicolaus cut their price target on Churchill Downs from $164.00 to $161.00 and set a “buy” rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.38.

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.