Churchill Downs Incorporated (NASDAQ:CHDN) Stake Boosted by Aigen Investment Management LP

Aigen Investment Management LP increased its stake in Churchill Downs Incorporated (NASDAQ:CHDN) by 134.5% during the fourth quarter, HoldingsChannel reports. The firm owned 8,951 shares of the company’s stock after acquiring an additional 5,134 shares during the period. Aigen Investment Management LP’s holdings in Churchill Downs were worth $1,195,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

CHDN has been the subject of several research reports. Mizuho reduced their price target on Churchill Downs from $151.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. JMP Securities reiterated 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 reduced their price target on Churchill Downs from $165.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, February 21st. StockNews.com upgraded Churchill Downs from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their price target on Churchill Downs from $164.00 to $161.00 and set a “buy” rating for the company in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $159.38.

Churchill Downs Stock Up 1.6 %

CHDN opened at $114.51 on Thursday. The business has a 50 day moving average price of $124.58 and a 200 day moving average price of $133.60. Churchill Downs Incorporated has a twelve month low of $111.10 and a twelve month high of $150.21. The company has a debt-to-equity ratio of 4.47, a quick ratio of 0.55 and a current ratio of 0.57. The firm has a market cap of $8.42 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 2.95 and a beta of 0.93.

Churchill Downs (NASDAQ:CHDN) last posted its earnings results on Wednesday, February 19th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.06). Churchill Downs had a return on equity of 43.67% and a net margin of 15.61%. The company had revenue of $624.20 million during the quarter, compared to analyst estimates of $620.21 million. Research analysts forecast that Churchill Downs Incorporated will post 6.92 EPS for the current year.

Churchill Downs Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $0.409 per share. The ex-dividend date of this dividend was Friday, December 6th. This is a positive change from Churchill Downs’s previous annual dividend of $0.38. This represents a dividend yield of 0.29%. Churchill Downs’s payout ratio is 7.04%.

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.