Churchill Downs, Inc. (NASDAQ:CHDN) Director Richard L. Duchossois acquired 1,900 shares of the stock in a transaction on Friday, November 9th. The shares were acquired at an average price of $265.83 per share, for a total transaction of $505,077.00. Following the acquisition, the director now owns 8,550 shares of the company’s stock, valued at approximately $2,272,846.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CHDN opened at $265.00 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.09 and a current ratio of 1.09. Churchill Downs, Inc. has a 1-year low of $211.20 and a 1-year high of $314.60. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 45.07, a price-to-earnings-growth ratio of 1.27 and a beta of 1.07.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, October 31st. The company reported $1.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.43). The business had revenue of $221.30 million for the quarter, compared to analyst estimates of $208.87 million. Churchill Downs had a return on equity of 30.33% and a net margin of 39.18%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. On average, equities research analysts anticipate that Churchill Downs, Inc. will post 10.82 earnings per share for the current year.

The company also recently announced an annual dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 7th will be issued a $1.63 dividend. The ex-dividend date is Thursday, December 6th. This represents a dividend yield of 0.6%. This is an increase from Churchill Downs’s previous annual dividend of $1.52. Churchill Downs’s dividend payout ratio is currently 25.85%.

Several research analysts have weighed in on CHDN shares. BidaskClub downgraded shares of Churchill Downs from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Zacks Investment Research downgraded shares of Churchill Downs from a “strong-buy” rating to a “hold” rating in a report on Monday, July 30th. Jefferies Financial Group set a $317.00 price objective on shares of Churchill Downs and gave the stock a “hold” rating in a report on Monday, August 6th. Finally, ValuEngine downgraded shares of Churchill Downs from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Five analysts have rated the stock with a hold rating, Churchill Downs has a consensus rating of “Hold” and a consensus price target of $316.67.

Several hedge funds have recently made changes to their positions in CHDN. LPL Financial LLC purchased a new stake in shares of Churchill Downs in the first quarter valued at about $503,000. Legal & General Group Plc raised its holdings in shares of Churchill Downs by 3.6% in the first quarter. Legal & General Group Plc now owns 12,179 shares of the company’s stock valued at $2,972,000 after purchasing an additional 424 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Churchill Downs by 8,402.9% in the first quarter. Royal Bank of Canada now owns 8,673 shares of the company’s stock valued at $2,117,000 after purchasing an additional 8,571 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Churchill Downs by 232.7% in the second quarter. Bank of Montreal Can now owns 1,078 shares of the company’s stock valued at $320,000 after purchasing an additional 754 shares during the last quarter. Finally, Smithfield Trust Co. raised its holdings in shares of Churchill Downs by 351.3% in the second quarter. Smithfield Trust Co. now owns 3,249 shares of the company’s stock valued at $963,000 after purchasing an additional 2,529 shares during the last quarter. Institutional investors own 69.91% of the company’s stock.

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About Churchill Downs

Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, TwinSpires, and Other Investments segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 11 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 12 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.

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