Churchill Downs Inc. (NASDAQ:CHDN) – Investment analysts at Imperial Capital issued their Q3 2016 EPS estimates for shares of Churchill Downs in a report issued on Friday. Imperial Capital analyst G. Klein anticipates that the brokerage will post earnings of $0.90 per share for the quarter. Imperial Capital has a “Outperform” rating and a $165.00 price target on the stock. Imperial Capital also issued estimates for Churchill Downs’ Q4 2016 earnings at $0.76 EPS and FY2017 earnings at $6.90 EPS.
Several other research firms have also issued reports on CHDN. JPMorgan Chase & Co. began coverage on Churchill Downs in a research note on Thursday, September 22nd. They set a “neutral” rating and a $160.00 target price on the stock. Zacks Investment Research lowered Churchill Downs from a “buy” rating to a “hold” rating in a research note on Monday, October 10th. Gabelli raised Churchill Downs from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Finally, Telsey Advisory Group increased their target price on Churchill Downs from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $162.17.
Shares of Churchill Downs (NASDAQ:CHDN) opened at 142.73 on Monday. The company’s 50 day moving average price is $147.24 and its 200-day moving average price is $137.33. The firm has a market cap of $2.36 billion, a P/E ratio of 29.16 and a beta of 0.89. Churchill Downs has a 12-month low of $118.76 and a 12-month high of $152.98.
Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Thursday, August 4th. The company reported $4.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.56 by $0.55. Churchill Downs had a return on equity of 12.99% and a net margin of 6.59%. The business had revenue of $438.50 million for the quarter, compared to analyst estimates of $435.37 million. During the same quarter in the previous year, the firm earned $3.10 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis.
Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA bought a new stake in Churchill Downs during the second quarter worth about $692,000. Boothbay Fund Management LLC bought a new stake in Churchill Downs during the first quarter worth about $270,000. A.R.T. Advisors LLC raised its stake in Churchill Downs by 210.5% in the first quarter. A.R.T. Advisors LLC now owns 6,638 shares of the company’s stock worth $981,000 after buying an additional 4,500 shares in the last quarter. HBK Investments L P bought a new stake in Churchill Downs during the first quarter worth about $680,000. Finally, Wellington Management Group LLP raised its stake in Churchill Downs by 1.0% in the first quarter. Wellington Management Group LLP now owns 82,836 shares of the company’s stock worth $12,250,000 after buying an additional 824 shares in the last quarter. 72.13% of the stock is currently owned by institutional investors.
In other Churchill Downs news, Director Robert L. Evans sold 5,000 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $148.75, for a total value of $743,750.00. Following the sale, the director now owns 189,235 shares of the company’s stock, valued at approximately $28,148,706.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 19.05% of the stock is owned by company insiders.
Churchill Downs Company Profile
Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company operates in six segments: Racing, Casinos, TwinSpires, Big Fish Games, Inc (Big Fish Games), Other Investments and Corporate. The racing segment includes its four trace tracks: Churchill Downs Racetrack, Arlington International Race Course, Fair Grounds Race Course and Calder Race Course.
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