Olympiad Research LP Has $231,000 Stock Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

Olympiad Research LP cut its position in Churchill Downs Incorporated (NASDAQ:CHDN) by 40.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,727 shares of the company’s stock after selling 1,170 shares during the period. Olympiad Research LP’s holdings in Churchill Downs were worth $231,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Winslow Asset Management Inc. grew its stake in shares of Churchill Downs by 2.8% in the 3rd quarter. Winslow Asset Management Inc. now owns 3,280 shares of the company’s stock valued at $443,000 after buying an additional 90 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Churchill Downs by 13.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 767 shares of the company’s stock valued at $104,000 after buying an additional 90 shares during the period. Commerce Bank grew its stake in shares of Churchill Downs by 1.8% in the 3rd quarter. Commerce Bank now owns 5,072 shares of the company’s stock valued at $686,000 after buying an additional 90 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Churchill Downs by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,400 shares of the company’s stock valued at $2,724,000 after buying an additional 100 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Churchill Downs by 127.2% in the 4th quarter. Blue Trust Inc. now owns 184 shares of the company’s stock valued at $25,000 after buying an additional 103 shares during the period. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Churchill Downs Price Performance

Shares of NASDAQ CHDN opened at $116.92 on Monday. Churchill Downs Incorporated has a twelve month low of $111.10 and a twelve month high of $150.21. The stock’s 50 day moving average price is $126.93 and its 200-day moving average price is $134.61. The company has a market capitalization of $8.59 billion, a PE ratio of 20.58, a PEG ratio of 2.95 and a beta of 0.95. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 4.47.

Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, February 19th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.06). Churchill Downs had a return on equity of 43.67% and a net margin of 15.61%. The business had revenue of $624.20 million during the quarter, compared to analysts’ expectations of $620.21 million. On average, equities analysts anticipate that Churchill Downs Incorporated will post 6.92 EPS for the current year.

Churchill Downs Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on CHDN shares. Wells Fargo & Company cut their price target on Churchill Downs from $165.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday. Stifel Nicolaus cut 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. JMP Securities reiterated a “market outperform” rating and set a $166.00 price target on shares of Churchill Downs in a research note on Thursday, January 16th. Mizuho cut their price target on Churchill Downs from $151.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded Churchill Downs from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Churchill Downs presently 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.