US Bancorp DE Has $459,000 Holdings in Churchill Downs, Inc. (NASDAQ:CHDN)

US Bancorp DE raised its stake in Churchill Downs, Inc. (NASDAQ:CHDN) by 219.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,088 shares of the company’s stock after buying an additional 3,495 shares during the quarter. US Bancorp DE’s holdings in Churchill Downs were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHDN. Bank of Montreal Can grew its holdings in shares of Churchill Downs by 18.4% during the fourth quarter. Bank of Montreal Can now owns 489 shares of the company’s stock worth $119,000 after buying an additional 76 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Churchill Downs during the fourth quarter worth about $37,000. Gemmer Asset Management LLC grew its holdings in shares of Churchill Downs by 200.0% during the first quarter. Gemmer Asset Management LLC now owns 300 shares of the company’s stock worth $27,000 after buying an additional 200 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Churchill Downs by 17.5% during the fourth quarter. Van ECK Associates Corp now owns 1,664 shares of the company’s stock worth $406,000 after buying an additional 248 shares in the last quarter. Finally, FTB Advisors Inc. grew its holdings in shares of Churchill Downs by 248.0% during the first quarter. FTB Advisors Inc. now owns 355 shares of the company’s stock worth $31,000 after buying an additional 253 shares in the last quarter. 72.24% of the stock is currently owned by institutional investors.

In other Churchill Downs news, Director R Alex Rankin acquired 500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of $101.83 per share, with a total value of $50,915.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was acquired at an average cost of $85.22 per share, with a total value of $85,220.00. The disclosure for this purchase can be found here. Company insiders own 13.05% of the company’s stock.

A number of research firms recently issued reports on CHDN. Jefferies Financial Group increased their price objective on Churchill Downs from $110.00 to $126.00 and gave the stock a “buy” rating in a report on Friday, June 7th. BidaskClub upgraded Churchill Downs from a “hold” rating to a “buy” rating in a report on Friday, June 7th. Telsey Advisory Group upgraded Churchill Downs from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $108.00 to $120.00 in a report on Wednesday, June 5th. Finally, ValuEngine upgraded Churchill Downs from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Churchill Downs has a consensus rating of “Buy” and an average target price of $113.17.

CHDN stock opened at $114.39 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 3.22. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 1.28 and a beta of 1.18. Churchill Downs, Inc. has a twelve month low of $74.58 and a twelve month high of $115.36.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.23. Churchill Downs had a return on equity of 33.97% and a net margin of 16.81%. The company had revenue of $265.40 million during the quarter, compared to analysts’ expectations of $250.57 million. During the same period last year, the firm posted $1.09 earnings per share. The business’s revenue was up 40.2% on a year-over-year basis. On average, research analysts predict that Churchill Downs, Inc. will post 4.4 earnings per share for the current fiscal year.

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About Churchill Downs

Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.

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Institutional Ownership by Quarter for Churchill Downs (NASDAQ:CHDN)

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