Brinker Capital Investments LLC Has $4.44 Million Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

Brinker Capital Investments LLC increased its position in shares of Churchill Downs Incorporated (NASDAQ:CHDNGet Rating) by 239.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,439 shares of the company’s stock after acquiring an additional 13,009 shares during the quarter. Brinker Capital Investments LLC’s holdings in Churchill Downs were worth $4,442,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in shares of Churchill Downs during the fourth quarter valued at approximately $26,000. Dark Forest Capital Management LP purchased a new position in Churchill Downs during the third quarter valued at approximately $28,000. CWM LLC purchased a new position in Churchill Downs during the fourth quarter valued at approximately $28,000. Clearstead Advisors LLC purchased a new position in Churchill Downs during the third quarter valued at approximately $41,000. Finally, Spire Wealth Management grew its position in Churchill Downs by 693.3% during the fourth quarter. Spire Wealth Management now owns 238 shares of the company’s stock valued at $57,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 72.40% of the company’s stock.

Shares of Churchill Downs stock opened at $202.94 on Friday. The firm has a fifty day simple moving average of $218.39 and a 200-day simple moving average of $224.97. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 6.39. Churchill Downs Incorporated has a 1-year low of $175.01 and a 1-year high of $262.20. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 31.13 and a beta of 1.13.

Churchill Downs (NASDAQ:CHDNGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. Churchill Downs had a net margin of 15.58% and a return on equity of 87.04%. During the same period in the previous year, the business earned $0.87 earnings per share. As a group, research analysts predict that Churchill Downs Incorporated will post 8.72 earnings per share for the current year.

A number of research analysts recently commented on CHDN shares. KeyCorp boosted their price objective on shares of Churchill Downs from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, February 28th. Wells Fargo & Company lowered their price objective on shares of Churchill Downs from $272.00 to $268.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 13th. StockNews.com began coverage on shares of Churchill Downs in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $272.88.

About Churchill Downs (Get Rating)

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. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games.

Further Reading

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Institutional Ownership by Quarter for Churchill Downs (NASDAQ:CHDN)

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