Yousif Capital Management LLC Sells 857 Shares of Churchill Downs, Incorporated $CHDN

Yousif Capital Management LLC decreased its position in Churchill Downs, Incorporated (NASDAQ:CHDN) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,793 shares of the company’s stock after selling 857 shares during the quarter. Yousif Capital Management LLC’s holdings in Churchill Downs were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CHDN. Geneos Wealth Management Inc. increased its stake in Churchill Downs by 1,364.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after acquiring an additional 232 shares during the last quarter. Elequin Capital LP bought a new stake in Churchill Downs in the 1st quarter worth approximately $29,000. Signaturefd LLC increased its stake in Churchill Downs by 161.1% in the 2nd quarter. Signaturefd LLC now owns 329 shares of the company’s stock worth $33,000 after acquiring an additional 203 shares during the last quarter. Private Trust Co. NA increased its stake in Churchill Downs by 154.9% in the 1st quarter. Private Trust Co. NA now owns 543 shares of the company’s stock worth $60,000 after acquiring an additional 330 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of Churchill Downs during the 1st quarter valued at approximately $60,000. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Price Performance

CHDN opened at $95.68 on Tuesday. The business has a fifty day moving average of $97.82 and a 200 day moving average of $99.35. Churchill Downs, Incorporated has a 52-week low of $85.58 and a 52-week high of $150.21. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 4.74. The stock has a market cap of $6.71 billion, a P/E ratio of 16.44, a PEG ratio of 1.69 and a beta of 0.83.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $3.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.03 by $0.07. Churchill Downs had a return on equity of 41.46% and a net margin of 15.22%.The company had revenue of $934.40 million during the quarter, compared to analysts’ expectations of $924.36 million. During the same quarter in the previous year, the business earned $2.89 EPS. Churchill Downs’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Churchill Downs, Incorporated will post 6.92 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CHDN. Macquarie boosted their target price on Churchill Downs from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Mizuho boosted their target price on Churchill Downs from $134.00 to $136.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Churchill Downs in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on Churchill Downs from $130.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. Finally, Stifel Nicolaus boosted their target price on Churchill Downs from $130.00 to $133.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.70.

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.