Global Retirement Partners LLC Has $467,000 Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

Global Retirement Partners LLC boosted its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 27.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,497 shares of the company’s stock after purchasing an additional 755 shares during the period. Global Retirement Partners LLC’s holdings in Churchill Downs were worth $467,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CHDN. Blue Trust Inc. raised its holdings in shares of Churchill Downs by 127.2% during the fourth quarter. Blue Trust Inc. now owns 184 shares of the company’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Churchill Downs in the 3rd quarter worth about $27,000. Fortitude Family Office LLC raised its stake in shares of Churchill Downs by 2,733.3% during the 4th quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $34,000 after purchasing an additional 246 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Churchill Downs during the 4th quarter valued at about $55,000. Finally, R Squared Ltd bought a new stake in shares of Churchill Downs in the 4th quarter valued at approximately $55,000. 82.59% of the stock is owned by institutional investors and hedge funds.

Churchill Downs Stock Performance

CHDN opened at $116.92 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 4.47. The stock’s 50 day moving average price is $126.93 and its two-hundred day moving average price is $134.61. The firm has a market capitalization of $8.59 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 2.95 and a beta of 0.95. Churchill Downs Incorporated has a 12-month low of $111.10 and a 12-month high of $150.21.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data 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). Churchill Downs had a return on equity of 43.67% and a net margin of 15.61%. The company had revenue of $624.20 million during the quarter, compared to analyst estimates of $620.21 million. On average, equities analysts forecast that Churchill Downs Incorporated will post 6.92 earnings per share for the current year.

Churchill Downs Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $0.409 per share. This is an increase from Churchill Downs’s previous annual dividend of $0.38. The ex-dividend date of this dividend was Friday, December 6th. This represents a dividend yield of 0.29%. Churchill Downs’s payout ratio is presently 7.22%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. JMP Securities restated a “market outperform” rating and set a $166.00 target price on shares of Churchill Downs in a report on Thursday, January 16th. Stifel Nicolaus decreased their price target on Churchill Downs from $164.00 to $161.00 and set a “buy” rating for the company in a research note on Friday. Mizuho cut their price objective on Churchill Downs from $151.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company decreased their target price on Churchill Downs from $165.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.38.

Churchill Downs Company 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.