November 28, 2016 - By Marie Mckinney
Robert Evans, an insider, who is a director of Churchill Downs Inc unloaded approx. 5,000 shares of the company worth about $775,370 USD which is based on a stock price of 155.1 USD for each one share. This is not his first insider trade, in the last month, he unloaded another 15,041 shares worth $2,285,775 USD. Due to the significance of this trade, it will not remain ignored. He owns 1.00% of the -company’s market cap with a total of 164,194 shares.
Out of 4 analysts covering Churchill Downs (NASDAQ:CHDN), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $176 is the highest target while $150 is the lowest. The $168.50 average target is 7.46% above today’s ($156.8) stock price. Churchill Downs has been the topic of 7 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Monday, September 14 by Imperial Capital. The company was maintained on Friday, August 5 by Telsey Advisory Group. Telsey Advisory Group maintained it with “Outperform” rating and $175 target price in Friday, February 26 report. The stock of Churchill Downs, Inc. (NASDAQ:CHDN) has “Outperform” rating given on Friday, October 14 by Imperial Capital. The firm earned “Neutral” rating on Thursday, September 22 by JP Morgan. As per Friday, May 6, the company rating was upgraded by Hilliard Lyons. The stock has “Outperform” rating given by Telsey Advisory Group on Monday, October 31.
Insitutional Activity: The institutional sentiment increased to 1.55 in 2016 Q2. Its up 0.35, from 1.2 in 2016Q1. The ratio improved, as 28 funds sold all Churchill Downs, Inc. shares owned while 38 reduced positions. 24 funds bought stakes while 55 increased positions. They now own 11.39 million shares or 3.26% more from 11.03 million shares in 2016Q1.
Three Bays Capital Lp last reported 1.63 million shares in the company. Stock Yards Savings Bank owns 6,810 shares or 0.11% of their US portfolio. Van Eck Associates Corp reported 1,172 shares or 0% of all its holdings. Wellington Grp Llp, a Massachusetts-based fund reported 79,344 shares. The Connecticut-based Tudor Inv Et Al has invested 0.01% in Churchill Downs, Inc. (NASDAQ:CHDN). Teachers Advsr accumulated 0.02% or 92,418 shares. Arizona State Retirement Systems has 0.01% invested in the company for 5,400 shares. Ls Invest Advisors Ltd Liability Corp accumulated 294 shares or 0% of the stock. Blackrock Fund Advsr has 0.02% invested in the company for 638,771 shares. Art Advsr Llc has invested 0.09% of its portfolio in Churchill Downs, Inc. (NASDAQ:CHDN). Moreover, Blackrock Gru Ltd has 0% invested in Churchill Downs, Inc. (NASDAQ:CHDN) for 9,904 shares. Proshare Advsrs Limited Com accumulated 2,653 shares or 0% of the stock. Ubs Asset Americas accumulated 5,009 shares or 0% of the stock. Commercial Bank Of Montreal Can reported 341 shares or 0% of all its holdings. Amer Gp holds 30,665 shares or 0% of its portfolio.
Insider Transactions: Since August 15, 2016, the stock had 0 insider buys, and 5 insider sales for $5.25 million net activity. The insider Evans Robert L sold $2.29 million.
About 28,899 shares traded hands. Churchill Downs, Inc. (NASDAQ:CHDN) has risen 7.82% since April 25, 2016 and is uptrending. It has outperformed by 1.81% the S&P500.
Churchill Downs Incorporated is a racing, gaming and online entertainment company. The company has a market cap of $2.61 billion. The Firm operates in six divisions: Racing, Casinos, TwinSpires, Big Fish Games, Inc. , Other Investments and Corporate. It has a 29.91 P/E ratio. The racing segment includes its four trace tracks: Churchill Downs Racetrack, Arlington International Race Course, Fair Grounds Race Course and Calder Race Course.
According to Zacks Investment Research, “Churchill Downs Inc. is a racing company that primarily conducts pari-mutuel wagering on live Thoroughbred, Standardbred and Quarter Horse horse racing and simulcast signals of races. Additionally, the company offers racing services through our other business interests.”
Analysts await Churchill Downs, Inc. (NASDAQ:CHDN) to report earnings on February, 22. They expect $0.62 earnings per share, up 44.19% or $0.19 from last year’s $0.43 per share. CHDN’s profit will be $10.32 million for 63.23 P/E if the $0.62 EPS becomes a reality. After $0.52 actual earnings per share reported by Churchill Downs, Inc. for the previous quarter, Wall Street now forecasts 19.23% EPS growth.
More recent Churchill Downs, Inc. (NASDAQ:CHDN) news were published by: Fool.com which released: “Why Churchill Downs Inc. Stock Jumped 14% Last Month” on September 12, 2016. Also Bizjournals.com published the news titled: “Churchill Downs Inc. just sold land at one of its racetracks for $26.5 million” on November 09, 2016. Bizjournals.com‘s news article titled: “Why Churchill Downs is investing millions more into Big Fish Games” with publication date: April 29, 2016 was also an interesting one.
Churchill Downs Incorporated, incorporated on February 17, 1937, is a racing, gaming and online entertainment company. The Firm is engaged in brick-and-mortar casino gaming with approximately 8,500 gaming positions in over six states, and is a legal online account wagering platform for horseracing in the United States. It operates in six divisions: Racing, Casinos, TwinSpires, Big Fish Games, Inc. (Big Fish Games), Other Investments and Corporate. It is a diversified well-known provider of casino gaming, online account wagering on horse racing, and pari-mutuel horse racing. The Firm is a producer and distributor of online and mobile casual games.
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