Churchill Downs (CHDN) was Reiterated by Telsey Advisory Group to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 176 from a previous price target of $173 . Telsey Advisory Group advised their investors in a research report released on Aug 5, 2016.
On the company’s financial health, Churchill Downs reported $4.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.54 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $3.57. The company had revenue of $438.50 million for the quarter, compared to analysts expectations of $432.83 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.10 EPS.
Churchill Downs opened for trading at $134.8 and hit $143.93 on the upside on Thursday, eventually ending the session at $139.8, with a gain of 5.35% or 7.1 points. The heightened volatility saw the trading volume jump to 3,83,576 shares. Company has a market cap of $2,334 M.
In a different news, on May 3, 2016, Marcia A Dall (EVP, and Chief Financial Offic) purchased 1,000 shares at $129.96 per share price. According to the SEC, on Apr 11, 2016, William C Carstanjen (Chief Executive Officer) sold 4,500 shares at $144.96 per share price. On Mar 3, 2016, William E Mudd (President and CFO) sold 9,970 shares at $136.19 per share price, according to the Form-4 filing with the securities and exchange commission.
Churchill Downs Incorporated is a diversified provider of pari-mutuel horseracing online account wagering on horseracing and casino gaming. The Company is the producers and distributors of online and mobile casual games. It operates in five segments: Racing Casinos TwinSpires Big Fish Games Inc. (Big Fish Games) and Other Investments. Its racing segment includes Churchill Downs Racetrack Arlington International Race Course Fair Grounds Race Course and Calder Race Course. Casinos segment includes Oxford Casino Riverwalk Casino Hotel and Harlows Casino Resort & Spa among others. The TwinSpires maintains computerized databases of pedigree and racing information for the thoroughbred horse industry. Big Fish Games develops casual games for Personal Computers (PCs) and mobile devices. Other Investments include Capital View Casino & Resort United Tote and Bluff Media.