According to Fintel reports on September 14, 2023, JMP Securities maintained coverage of Churchill Downs (NASDAQ:CHDN) with an Outperform recommendation.
The average one-year price target for Churchill Downs is 154.02, representing a potential increase of 28.90% from its latest closing price of 119.49.
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The projected annual revenue for Churchill Downs is 2,561MM, a 16.88% increase. The projected annual non-GAAP EPS is 9.42.
There are 780 funds or institutions reporting positions in Churchill Downs, which is an increase of 34 owners or 4.56% in the last quarter. The average portfolio weight of all funds dedicated to CHDN is 0.35%, an increase of 1.29%. Total shares owned by institutions increased in the last three months by 93.33% to 69,279K shares. The put/call ratio of CHDN is 1.26, indicating a bearish outlook.
Capital Research Global Investors holds 5,984K shares representing 7.99% ownership of the company. In its prior filing, the firm reported owning 2,925K shares, which is an increase of 51.12%. The firm increased its portfolio allocation in CHDN by 4.00% over the last quarter.
AMCPX – AMCAP FUND holds 2,813K shares representing 3.76% ownership of the company. In its prior filing, the firm reported owning 921K shares, which is an increase of 67.25%. The firm increased its portfolio allocation in CHDN by 61.38% over the last quarter.
AGTHX – GROWTH FUND OF AMERICA holds 2,360K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 1,032K shares, which is an increase of 56.29%. The firm increased its portfolio allocation in CHDN by 20.02% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 2,097K shares representing 2.80% ownership of the company. In its prior filing, the firm reported owning 1,038K shares, which is an increase of 50.47%. The firm increased its portfolio allocation in CHDN by 0.86% over the last quarter.
Schroder Investment Management Group holds 2,065K shares representing 2.76% ownership of the company. In its prior filing, the firm reported owning 1,236K shares, which is an increase of 40.14%. The firm increased its portfolio allocation in CHDN by 280.44% over the last quarter.
Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company. It owns and operates three pari-mutuel gaming entertainment venues in Kentucky and the TwinSpires online wagering platform. The company also has retail sportsbooks and is involved in brick-and-mortar casino gaming in eight states.
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This story originally appeared on Fintel.
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