Hunter Associates Investment Management LLC Boosts Stake in Churchill Downs Incorporated (NASDAQ:CHDN)

Hunter Associates Investment Management LLC increased its stake in Churchill Downs Incorporated (NASDAQ:CHDN) by 7.9% in the 4th quarter, Holdings Channel reports. The fund owned 25,122 shares of the company’s stock after buying an additional 1,844 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Churchill Downs were worth $3,346,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Churchill Downs by 127.2% in the 4th quarter. Blue Trust Inc. now owns 184 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Churchill Downs in the third quarter worth approximately $27,000. Fortitude Family Office LLC boosted its stake in Churchill Downs by 2,733.3% in the fourth quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $34,000 after buying an additional 246 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Churchill Downs during the fourth quarter worth approximately $55,000. Finally, R Squared Ltd purchased a new position in shares of Churchill Downs during the fourth quarter worth approximately $55,000. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Stock Up 0.9 %

Shares of Churchill Downs stock opened at $125.57 on Friday. 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 12-month low of $111.10 and a 12-month high of $150.21. The company has a market cap of $9.23 billion, a P/E ratio of 22.87, a PEG ratio of 3.08 and a beta of 0.96. The company’s fifty day simple moving average is $132.80 and its two-hundred day simple moving average is $136.69.

Churchill Downs Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were paid a $0.409 dividend. This is an increase from Churchill Downs’s previous annual dividend of $0.38. This represents a yield of 0.29%. The ex-dividend date of this dividend was Friday, December 6th. Churchill Downs’s dividend payout ratio is presently 7.47%.

Wall Street Analysts Forecast Growth

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

About Churchill Downs

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.