Aurora Investment Counsel Purchases 471 Shares of Churchill Downs, Incorporated $CHDN

Aurora Investment Counsel grew its position in shares of Churchill Downs, Incorporated (NASDAQ:CHDNFree Report) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,556 shares of the company’s stock after buying an additional 471 shares during the quarter. Churchill Downs accounts for approximately 1.3% of Aurora Investment Counsel’s investment portfolio, making the stock its 22nd biggest holding. Aurora Investment Counsel’s holdings in Churchill Downs were worth $2,480,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC increased its stake in shares of Churchill Downs by 3.0% during the 1st quarter. Jennison Associates LLC now owns 1,030,846 shares of the company’s stock worth $114,496,000 after purchasing an additional 30,444 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Churchill Downs by 1.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 615,463 shares of the company’s stock worth $68,359,000 after purchasing an additional 10,108 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Churchill Downs by 5.1% during the 1st quarter. Baird Financial Group Inc. now owns 602,849 shares of the company’s stock worth $66,958,000 after purchasing an additional 28,989 shares during the last quarter. Millennium Management LLC increased its stake in shares of Churchill Downs by 107.4% during the 1st quarter. Millennium Management LLC now owns 548,476 shares of the company’s stock worth $60,919,000 after purchasing an additional 284,045 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Churchill Downs by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 483,252 shares of the company’s stock worth $53,675,000 after purchasing an additional 121,204 shares during the last quarter. Institutional investors own 82.59% of the company’s stock.

Analyst Upgrades and Downgrades

CHDN has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Churchill Downs from $130.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Macquarie raised their price target on shares of Churchill Downs from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Stifel Nicolaus lifted their price objective on shares of Churchill Downs from $130.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Susquehanna lifted their price objective on shares of Churchill Downs from $121.00 to $126.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Finally, Truist Financial reduced their price objective on shares of Churchill Downs from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.70.

Get Our Latest Stock Analysis on Churchill Downs

Churchill Downs Stock Up 5.7%

Churchill Downs stock opened at $95.68 on Tuesday. Churchill Downs, Incorporated has a 1-year low of $85.58 and a 1-year high of $150.21. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.69 and a beta of 0.83. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 4.74. The firm has a 50 day simple moving average of $97.82 and a 200 day simple moving average of $99.35.

Churchill Downs (NASDAQ:CHDNGet Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.07. The firm had revenue of $934.40 million during the quarter, compared to analyst estimates of $924.36 million. Churchill Downs had a net margin of 15.22% and a return on equity of 41.46%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.89 EPS. On average, analysts predict that Churchill Downs, Incorporated will post 6.92 earnings per share for the current year.

Churchill Downs Profile

(Free Report)

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.

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

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