Churchill Downs (NASDAQ:CHDN) Price Target Lowered to $148.00 at Mizuho

Churchill Downs (NASDAQ:CHDN) had its price target lowered by analysts at Mizuho from $151.00 to $148.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 24.32% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. 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 set a $166.00 price target on shares of Churchill Downs in a 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 for the company in a research note on Monday, February 10th. Finally, Truist Financial reiterated a “buy” rating and set a $165.00 target price (down from $166.00) on shares of Churchill Downs in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $160.13.

Churchill Downs Trading Down 0.4 %

Shares of Churchill Downs stock opened at $119.05 on Wednesday. The firm’s 50 day moving average is $127.31 and its 200 day moving average is $134.67. The firm has a market capitalization of $8.75 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 3.01 and a beta of 0.95. Churchill Downs has a 1 year low of $111.10 and a 1 year high of $150.21. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.35.

Churchill Downs (NASDAQ:CHDN) last issued its earnings results on Wednesday, February 19th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates 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 15.45% and a return on equity of 45.48%. Equities research analysts forecast that Churchill Downs will post 5.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. raised its stake in Churchill Downs by 127.2% during the fourth quarter. Blue Trust Inc. now owns 184 shares of the company’s stock worth $25,000 after buying an additional 103 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Churchill Downs during the 3rd quarter worth about $27,000. Fortitude Family Office LLC grew its holdings in Churchill Downs by 2,733.3% during the 4th quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $34,000 after acquiring an additional 246 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Churchill Downs in the 4th quarter worth about $55,000. Finally, R Squared Ltd acquired a new position in shares of Churchill Downs in the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Churchill Downs Company 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.