Churchill Downs Inc. (NASDAQ:CHDN) Director Robert L. Evans sold 5,000 shares of the business’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 value of $775,350.00. Following the completion of the sale, the director now owns 164,194 shares of the company’s stock, valued at approximately $25,461,563.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Churchill Downs Inc. (NASDAQ:CHDN) opened at 153.10 on Thursday. Churchill Downs Inc. has a 1-year low of $118.76 and a 1-year high of $157.15. The stock’s 50 day moving average price is $142.70 and its 200 day moving average price is $137.65. The stock has a market capitalization of $2.51 billion, a PE ratio of 29.40 and a beta of 0.69.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly 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. Churchill Downs had a net margin of 6.82% and a return on equity of 13.60%. The firm had revenue of $303.40 million for the quarter, compared to the consensus estimate of $301.86 million. During the same period in the previous year, the company posted $0.24 earnings per share. Churchill Downs’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities research analysts predict that Churchill Downs Inc. will post $5.68 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Churchill Downs (NASDAQ:CHDN)

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

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Institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors raised 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 during the last quarter. State Street Corp raised 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 during the last quarter. Northwestern Mutual Wealth Management Co. raised 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 during the last quarter. Guggenheim Capital LLC purchased a new position in shares of Churchill Downs during the second quarter worth approximately $10,669,000. Finally, Bank of New York Mellon Corp raised 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 during the last quarter. 69.98% of the stock is owned by institutional investors.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Churchill Downs from a “hold” rating to a “strong-buy” rating and set a $154.00 target price for the company in a research report on Wednesday, November 2nd. Telsey Advisory Group dropped their target price on 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 restated an “outperform” rating and issued a $165.00 target price (up previously from $145.00) on shares of Churchill Downs in a research report on Friday, October 14th. JPMorgan Chase & Co. initiated coverage on Churchill Downs in a research report on Thursday, September 22nd. They issued a “neutral” rating and a $160.00 target price for the company. Finally, Gabelli raised Churchill Downs from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $159.33.

About Churchill Downs

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.

5 Day Chart for NASDAQ:CHDN

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