Sargent Investment Group LLC Sells 100 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Sargent Investment Group LLC trimmed its holdings in Churchill Downs Incorporated (NASDAQ:CHDN) by 5.3% in the fourth quarter, HoldingsChannel reports. The fund owned 1,790 shares of the company’s stock after selling 100 shares during the period. Sargent Investment Group LLC’s holdings in Churchill Downs were worth $229,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. lifted 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 acquiring an additional 103 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Churchill Downs in the 3rd quarter worth approximately $27,000. Fortitude Family Office LLC lifted its holdings in shares of Churchill Downs by 2,733.3% in 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. Eagle Bay Advisors LLC bought a new stake in Churchill Downs during the 4th quarter valued at $55,000. Finally, R Squared Ltd bought a new stake in Churchill Downs during the 4th quarter valued at $55,000. 82.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHDN has been the subject of a number of recent analyst reports. Mizuho lowered their price target on shares of Churchill Downs from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. JMP Securities reiterated a “market outperform” rating and set a $166.00 price target on shares of Churchill Downs in a report on Thursday, January 16th. Wells Fargo & Company upped 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. Truist Financial reiterated a “buy” rating and set a $165.00 price target (down from $166.00) on shares of Churchill Downs in a report on Friday, October 25th. 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $160.88.

Churchill Downs Stock Down 2.4 %

Shares of Churchill Downs stock opened at $120.94 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.35. The company’s fifty day simple moving average is $131.36 and its two-hundred day simple moving average is $136.10. The company has a market cap of $8.89 billion, a P/E ratio of 22.03, a PEG ratio of 3.06 and a beta of 0.95. Churchill Downs Incorporated has a 12-month low of $111.10 and a 12-month high of $150.21.

Churchill Downs Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a dividend of $0.409 per share. 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 payout ratio is presently 7.47%.

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.