Trade Report: Today: 5,000 Shares of Churchill Downs Inc. (CHDN) Stock are sold by Robert L. Evans

Today: 5,000 Shares of Churchill Downs Inc. (CHDN) Stock are sold by Robert L. Evans

Churchill Downs Inc. (NASDAQ:CHDN) Director Robert L. Evans sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $155.07, for a total transaction of $775,350.00. Following the sale, the director now directly owns 164,194 shares of the company’s stock, valued at approximately $25,461,563.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Churchill Downs Inc. (NASDAQ:CHDN) traded down 0.32% during trading on Monday, reaching $155.85. 53,085 shares of the company’s stock were exchanged. The stock has a market cap of $2.56 billion, a PE ratio of 29.93 and a beta of 0.69. Churchill Downs Inc. has a 12 month low of $118.76 and a 12 month high of $157.15. The firm has a 50 day moving average of $142.35 and a 200-day moving average of $137.42.

Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Thursday, October 27th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by $0.43. The business had revenue of $303.40 million for the quarter, compared to the consensus estimate of $301.86 million. Churchill Downs had a net margin of 6.82% and a return on equity of 13.60%. Churchill Downs’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. On average, equities research analysts anticipate that Churchill Downs Inc. will post $5.68 earnings per share for the current fiscal year.

The firm also recently announced an annual dividend, which will be paid on Friday, January 6th. Investors of record on Friday, December 2nd will be issued a dividend of $1.32 per share. This represents a dividend yield of 0.97%. The ex-dividend date is Wednesday, November 30th. This is an increase from Churchill Downs’s previous annual dividend of $1.15. Churchill Downs’s dividend payout ratio is currently 22.03%.

CHDN has been the subject of several research reports. Zacks Investment Research downgraded shares of Churchill Downs from a “buy” rating to a “hold” rating in a research report on Monday, October 10th. Telsey Advisory Group reduced their price target on shares of Churchill Downs from $176.00 to $172.00 and set an “outperform” rating for the company in a research report on Monday, October 31st. Imperial Capital reissued an “outperform” rating and issued a $165.00 price target (up previously from $145.00) on shares of Churchill Downs in a research report on Friday, October 14th. JPMorgan Chase & Co. initiated coverage on shares of Churchill Downs in a research report on Thursday, September 22nd. They issued a “neutral” rating and a $160.00 price target for the company. Finally, Gabelli raised shares of Churchill Downs from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Churchill Downs has an average rating of “Buy” and an average price target of $159.33.

Several institutional investors have recently made changes to their positions in CHDN. BlackRock Fund Advisors increased its position in shares of Churchill Downs by 109.8% in the second quarter. BlackRock Fund Advisors now owns 638,771 shares of the company’s stock worth $80,715,000 after buying an additional 334,299 shares in the last quarter. State Street Corp increased its position in shares of Churchill Downs by 75.4% in the second quarter. State Street Corp now owns 404,048 shares of the company’s stock worth $51,054,000 after buying an additional 173,700 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Churchill Downs by 192.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 203,404 shares of the company’s stock worth $25,703,000 after buying an additional 133,965 shares in the last quarter. Guggenheim Capital LLC acquired a new position in shares of Churchill Downs during the second quarter worth approximately $10,669,000. Finally, Bank of New York Mellon Corp increased its position in shares of Churchill Downs by 51.4% in the second quarter. Bank of New York Mellon Corp now owns 214,939 shares of the company’s stock worth $27,160,000 after buying an additional 72,980 shares in the last quarter. Institutional investors own 69.98% of the company’s stock.

About Churchill Downs

Related posts

Leave a Comment