Churchill Downs Incorporated (NASDAQ:CHDN) Shares Purchased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board grew its stake in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 10.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,967 shares of the company’s stock after purchasing an additional 1,467 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Churchill Downs were worth $1,999,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Winslow Asset Management Inc. boosted its position in Churchill Downs by 2.8% in the third quarter. Winslow Asset Management Inc. now owns 3,280 shares of the company’s stock valued at $443,000 after buying an additional 90 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Churchill Downs by 13.3% in the third quarter. Venturi Wealth Management LLC now owns 767 shares of the company’s stock valued at $104,000 after buying an additional 90 shares during the last quarter. Commerce Bank boosted its position in Churchill Downs by 1.8% in the third quarter. Commerce Bank now owns 5,072 shares of the company’s stock valued at $686,000 after buying an additional 90 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in 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 during the last quarter. Finally, Blue Trust Inc. boosted its position in Churchill Downs by 127.2% in the fourth 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 last quarter. Institutional investors and hedge funds own 82.59% of the company’s stock.

Churchill Downs Trading Down 0.8 %

Shares of CHDN stock opened at $122.11 on Monday. The company has a debt-to-equity ratio of 4.35, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 3.05 and a beta of 0.95. The stock has a 50 day simple moving average of $128.72 and a 200-day simple moving average of $135.11. Churchill Downs Incorporated has a 1-year low of $111.10 and a 1-year high of $150.21.

Churchill Downs Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a dividend of $0.409 per share. This represents a dividend yield of 0.29%. This is an increase from Churchill Downs’s previous annual dividend of $0.38. The ex-dividend date was Friday, December 6th. Churchill Downs’s dividend payout ratio is presently 7.29%.

Wall Street Analysts Forecast Growth

CHDN has been the topic of several recent research reports. StockNews.com upgraded Churchill Downs from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. JMP Securities restated a “market outperform” rating and issued a $166.00 price objective on shares of Churchill Downs in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on Churchill Downs from $168.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Mizuho lowered their price objective on Churchill Downs from $157.00 to $151.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 22nd. Finally, Truist Financial restated a “buy” rating and issued a $165.00 price objective (down previously from $166.00) on shares of Churchill Downs in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.50.

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.