US Bancorp DE Has $800,000 Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

US Bancorp DE decreased its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,987 shares of the company’s stock after selling 95 shares during the period. US Bancorp DE’s holdings in Churchill Downs were worth $800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in shares of Churchill Downs by 127.2% during the fourth quarter. Blue Trust Inc. now owns 184 shares of the company’s stock valued at $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 during the 3rd quarter valued at $27,000. Fortitude Family Office LLC lifted its stake in shares of Churchill Downs by 2,733.3% in the 4th quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock valued at $34,000 after purchasing an additional 246 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Churchill Downs in the 4th quarter worth $55,000. Finally, R Squared Ltd bought a new position in shares of Churchill Downs in the 4th quarter worth $55,000. Institutional investors own 82.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CHDN. JMP Securities reissued a “market outperform” rating and issued a $166.00 target price on shares of Churchill Downs in a research note on Thursday, January 16th. Stifel Nicolaus reduced their price objective on Churchill Downs from $164.00 to $161.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Wells Fargo & Company lowered their price objective on shares of Churchill Downs from $165.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Finally, Mizuho reduced their price target on Churchill Downs from $151.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $159.38.

Churchill Downs Price Performance

Churchill Downs stock opened at $109.56 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.55 and a debt-to-equity ratio of 4.47. The stock’s 50 day moving average is $122.94 and its 200-day moving average is $132.90. Churchill Downs Incorporated has a 12 month low of $108.28 and a 12 month high of $150.21. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.95 and a beta of 0.93.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results 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). The company had revenue of $624.20 million during the quarter, compared to the consensus estimate of $620.21 million. Churchill Downs had a net margin of 15.61% and a return on equity of 43.67%. Equities research analysts expect that Churchill Downs Incorporated will post 6.92 EPS for the current year.

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.