Town & Country Bank & Trust CO dba First Bankers Trust CO Has $3.42 Million Position in Churchill Downs, Incorporated $CHDN

Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in Churchill Downs, Incorporated (NASDAQ:CHDN) by 29.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,078 shares of the company’s stock after purchasing an additional 8,604 shares during the period. Churchill Downs makes up about 1.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s investment portfolio, making the stock its 24th biggest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO owned about 0.05% of Churchill Downs worth $3,421,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in Churchill Downs by 29.8% during the 1st quarter. AQR Capital Management LLC now owns 3,415 shares of the company’s stock worth $373,000 after buying an additional 784 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Churchill Downs by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 483,252 shares of the company’s stock worth $53,675,000 after acquiring an additional 121,204 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Churchill Downs by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,800 shares of the company’s stock worth $25,080,000 after purchasing an additional 15,161 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Churchill Downs by 1,364.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after purchasing an additional 232 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in shares of Churchill Downs during the 2nd quarter valued at about $229,000. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Churchill Downs Stock Performance

NASDAQ CHDN opened at $88.27 on Monday. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 0.58 and a beta of 0.68. The stock’s 50 day moving average price is $89.69 and its two-hundred day moving average price is $96.08. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.54 and a current ratio of 0.54. Churchill Downs, Incorporated has a 52 week low of $80.24 and a 52 week high of $118.46.

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

Analysts Set New Price Targets

CHDN has been the topic of a number of research reports. Citigroup reaffirmed an “outperform” rating on shares of Churchill Downs in a research note on Friday, April 24th. Citizens Jmp increased their price objective on shares of 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 raised their price objective on shares of Churchill Downs from $146.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Truist Financial set a $145.00 price objective on shares of Churchill Downs in a research report on Friday, June 12th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Churchill Downs in a research note on Tuesday, April 21st. Eleven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.00.

Churchill Downs Company Profile

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.