Churchill Downs, Inc. (CHDN) Director Robert L. Evans Sells 5,000 Shares
Churchill Downs, Inc. (NASDAQ:CHDN) Director Robert L. Evans sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $155.16, for a total transaction of $775,800.00. Following the sale, the director now owns 118,895 shares of the company’s stock, valued at approximately $18,447,748.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Churchill Downs, Inc. (NASDAQ:CHDN) traded down 1.85% during mid-day trading on Monday, reaching $153.75. 22,110 shares of the company traded hands. The stock has a market capitalization of $2.50 billion, a PE ratio of 23.89 and a beta of 0.71. The stock has a 50-day moving average of $150.42 and a 200 day moving average of $147.71. Churchill Downs, Inc. has a 52-week low of $118.76 and a 52-week high of $157.15.
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Several hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. acquired a new stake in shares of Churchill Downs during the third quarter valued at about $123,000. Genesee Valley Trust Co. acquired a new stake in shares of Churchill Downs during the third quarter valued at about $200,000. Park National Corp OH acquired a new stake in shares of Churchill Downs during the third quarter valued at about $220,000. Van ECK Associates Corp increased its stake in shares of Churchill Downs by 24.3% in the fourth quarter. Van ECK Associates Corp now owns 1,494 shares of the company’s stock valued at $225,000 after buying an additional 292 shares during the period. Finally, Numeric Investors LLC acquired a new stake in shares of Churchill Downs during the fourth quarter valued at about $256,000. 70.52% of the stock is currently owned by institutional investors.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Churchill Downs from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a report on Monday, January 2nd. Imperial Capital lifted their target price on shares of Churchill Downs from $165.00 to $169.00 and gave the company an “outperform” rating in a report on Thursday, March 2nd. Hilliard Lyons downgraded shares of Churchill Downs from a “buy” rating to a “neutral” rating in a report on Friday, December 9th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $174.00 target price (up previously from $172.00) on shares of Churchill Downs in a report on Thursday, March 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Churchill Downs has an average rating of “Buy” and an average target price of $162.83.
Churchill Downs Company Profile
Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.
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