20,335 Shares in Churchill Downs, Incorporated $CHDN Bought by Sage Investment Advisers LLC

Sage Investment Advisers LLC bought a new position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,335 shares of the company’s stock, valued at approximately $2,314,000. Churchill Downs comprises approximately 1.7% of Sage Investment Advisers LLC’s investment portfolio, making the stock its 20th biggest position.

Several other large investors have also added to or reduced their stakes in the business. Norges Bank acquired a new position in Churchill Downs during the fourth quarter worth $90,529,000. Eurizon Capital SGR S.p.A. bought a new position in Churchill Downs in the fourth quarter valued at approximately $155,000. Intech Investment Management LLC increased its position in shares of Churchill Downs by 827.3% during the 4th quarter. Intech Investment Management LLC now owns 38,049 shares of the company’s stock worth $4,329,000 after purchasing an additional 33,946 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Churchill Downs by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 1,327,655 shares of the company’s stock worth $151,089,000 after purchasing an additional 32,445 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Churchill Downs by 1,028.1% during the 4th quarter. Hantz Financial Services Inc. now owns 7,152 shares of the company’s stock worth $814,000 after purchasing an additional 6,518 shares during the last quarter. Institutional investors and hedge funds own 82.59% of the company’s stock.

Churchill Downs Price Performance

Shares of CHDN opened at $87.21 on Monday. The firm has a market capitalization of $6.08 billion, a PE ratio of 16.15, a PEG ratio of 0.58 and a beta of 0.68. The company’s 50-day moving average is $89.49 and its 200-day moving average is $97.81. Churchill Downs, Incorporated has a fifty-two week low of $80.24 and a fifty-two week high of $118.46. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.54 and a quick ratio of 0.54.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.15. The company had revenue of $663.00 million for the quarter, compared to analyst estimates of $659.32 million. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. Equities analysts forecast that Churchill Downs, Incorporated will post 7.32 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on CHDN. Citizens Jmp boosted their price target on Churchill Downs from $146.00 to $149.00 and gave the stock a “market outperform” rating in a research report on Friday, April 24th. Mizuho boosted their price target on Churchill Downs from $146.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Jefferies Financial Group reiterated a “buy” rating on shares of Churchill Downs in a research note on Tuesday, April 21st. Citigroup reiterated an “outperform” rating on shares of Churchill Downs in a research note on Friday, April 24th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $130.00 price target (up from $124.00) on shares of Churchill Downs in a research note on Thursday, April 16th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.00.

About Churchill Downs

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.