Machina Capital S.A.S. Takes Position in Churchill Downs Incorporated (NASDAQ:CHDN)

Machina Capital S.A.S. bought a new stake in Churchill Downs Incorporated (NASDAQ:CHDN) during the fourth quarter, Holdings Channel reports. The institutional investor bought 1,510 shares of the company’s stock, valued at approximately $202,000.

A number of other large investors also recently modified their holdings of CHDN. Atria Investments Inc lifted its holdings in shares of Churchill Downs by 3.9% in the third quarter. Atria Investments Inc now owns 6,004 shares of the company’s stock valued at $812,000 after purchasing an additional 224 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Churchill Downs by 13.3% in the third quarter. Venturi Wealth Management LLC now owns 767 shares of the company’s stock valued at $104,000 after purchasing an additional 90 shares in the last quarter. Versor Investments LP bought a new position in shares of Churchill Downs in the third quarter valued at approximately $473,000. WCM Investment Management LLC bought a new stake in Churchill Downs during the third quarter worth $15,231,000. Finally, Winslow Asset Management Inc. lifted its holdings in Churchill Downs by 2.8% during the third quarter. Winslow Asset Management Inc. now owns 3,280 shares of the company’s stock worth $443,000 after acquiring an additional 90 shares during the period. Institutional investors own 82.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CHDN. 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. Mizuho dropped their price target on Churchill Downs from $151.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus dropped their price target on Churchill Downs from $164.00 to $161.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Wells Fargo & Company dropped their price target on Churchill Downs from $165.00 to $158.00 and set an “overweight” rating on the stock 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $159.38.

Churchill Downs Stock Performance

Shares of CHDN opened at $112.00 on Monday. The firm has a market cap of $8.24 billion, a PE ratio of 19.72, a PEG ratio of 2.95 and a beta of 0.93. The stock’s fifty day moving average price is $123.43 and its two-hundred day moving average price is $133.09. The company has a debt-to-equity ratio of 4.47, a current ratio of 0.57 and a quick ratio of 0.55. Churchill Downs Incorporated has a 1 year low of $109.40 and a 1 year high of $150.21.

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

Churchill Downs 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.