Cetera Trust Company N.A Has $251,000 Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

Cetera Trust Company N.A grew its holdings in Churchill Downs Incorporated (NASDAQ:CHDN) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,877 shares of the company’s stock after acquiring an additional 135 shares during the quarter. Cetera Trust Company N.A’s holdings in Churchill Downs were worth $251,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CHDN. Wilmington Savings Fund Society FSB bought a new stake in shares of Churchill Downs in the third quarter worth $27,000. Fortitude Family Office LLC increased its holdings 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 acquiring an additional 246 shares during the last quarter. Kimelman & Baird LLC acquired a new position in Churchill Downs in the 2nd quarter valued at about $42,000. Eagle Bay Advisors LLC acquired a new stake in Churchill Downs in the 4th quarter worth about $55,000. Finally, UMB Bank n.a. lifted its position in shares of Churchill Downs by 82.8% during the 3rd quarter. UMB Bank n.a. now owns 563 shares of the company’s stock valued at $76,000 after acquiring an additional 255 shares during the period. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Stock Up 0.2 %

Churchill Downs stock opened at $126.22 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.35. Churchill Downs Incorporated has a 1-year low of $111.10 and a 1-year high of $150.21. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 2.95 and a beta of 0.96. The firm’s fifty day moving average price is $134.89 and its two-hundred day moving average price is $137.35.

Churchill Downs (NASDAQ:CHDN) last released its earnings results on Wednesday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. The company had revenue of $628.50 million during the quarter, compared to analyst estimates of $627.90 million. Churchill Downs had a return on equity of 45.48% and a net margin of 15.45%. Churchill Downs’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. On average, equities research analysts predict that Churchill Downs Incorporated will post 5.84 earnings per share for the current fiscal year.

Churchill Downs Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a $0.409 dividend. This represents a yield of 0.29%. The ex-dividend date was Friday, December 6th. This is an increase from Churchill Downs’s previous annual dividend of $0.38. Churchill Downs’s dividend payout ratio is 7.29%.

Analyst Upgrades and Downgrades

CHDN has been the subject of a number of recent analyst reports. StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and issued a $166.00 target price on shares of Churchill Downs in a research report on Thursday, January 16th. Wells Fargo & Company lifted their price target on shares of Churchill Downs from $161.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Mizuho cut their price objective on Churchill Downs from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. Finally, Truist Financial reiterated a “buy” rating and issued a $165.00 target price (down from $166.00) on shares of Churchill Downs in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $160.88.

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.