Capital International Sarl Has $1.45 Million Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

Capital International Sarl trimmed its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,817 shares of the company’s stock after selling 473 shares during the period. Capital International Sarl’s holdings in Churchill Downs were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Churchill Downs during the 4th quarter worth about $74,967,000. Boston Partners grew its holdings in Churchill Downs by 25.6% during the fourth quarter. Boston Partners now owns 1,794,630 shares of the company’s stock worth $239,619,000 after purchasing an additional 366,283 shares during the period. FMR LLC raised its stake in Churchill Downs by 6.4% in the fourth quarter. FMR LLC now owns 3,592,087 shares of the company’s stock valued at $479,687,000 after buying an additional 214,694 shares during the period. Clearbridge Investments LLC acquired a new stake in shares of Churchill Downs in the fourth quarter valued at approximately $28,369,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Churchill Downs in the fourth quarter valued at approximately $16,015,000. 82.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CHDN shares. JMP Securities reaffirmed a “market outperform” rating and set a $166.00 price target on shares of Churchill Downs in a report on Thursday, January 16th. StockNews.com cut shares of Churchill Downs from a “hold” rating to a “sell” rating in a research note on Tuesday, April 8th. Barclays started coverage on shares of Churchill Downs in a research note on Friday, April 11th. They issued an “overweight” rating and a $125.00 price target on the stock. Wells Fargo & Company cut their price objective on shares of Churchill Downs from $165.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Finally, Stifel Nicolaus reduced their price objective on Churchill Downs from $161.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Churchill Downs has a consensus rating of “Moderate Buy” and a consensus target price of $153.44.

Churchill Downs Stock Up 0.4 %

NASDAQ CHDN opened at $101.36 on Friday. 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 company has a market cap of $7.45 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 2.95 and a beta of 0.86. The company has a 50 day moving average of $110.87 and a 200-day moving average of $126.46. Churchill Downs Incorporated has a 1-year low of $96.67 and a 1-year high of $150.21.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.92 earnings per share 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 analyst estimates of $620.21 million. Churchill Downs had a net margin of 15.61% and a return on equity of 43.67%. On average, equities research analysts expect that Churchill Downs Incorporated will post 6.92 earnings per share for the current fiscal year.

Churchill Downs Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.24%. Churchill Downs’s payout ratio is presently 7.04%.

Churchill Downs declared that its board has initiated a share buyback plan on Wednesday, March 12th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Churchill Downs 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.