Churchill Downs, Inc. (CHDN) Director Robert L. Evans Sells 5,000 Shares

Churchill Downs, Inc. (NASDAQ:CHDN) Director Robert L. Evans sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $156.00, for a total value of $780,000.00. Following the transaction, the director now directly owns 112,350 shares in the company, valued at $17,526,600. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Churchill Downs, Inc. (NASDAQ:CHDN) traded down 1.37% during mid-day trading on Monday, hitting $154.50. The stock had a trading volume of 53,368 shares. The firm has a market cap of $2.51 billion, a PE ratio of 24.01 and a beta of 0.71. Churchill Downs, Inc. has a 52-week low of $118.76 and a 52-week high of $157.15. The stock’s 50-day moving average price is $150.42 and its 200-day moving average price is $147.71.

Insider Buying and Selling by Quarter for Churchill Downs (NASDAQ:CHDN)

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A number of research analysts recently weighed in on CHDN shares. Zacks Investment Research downgraded Churchill Downs from a “hold” rating to a “sell” rating in a research note on Monday, February 27th. Hilliard Lyons downgraded Churchill Downs from a “buy” rating to a “neutral” rating in a research note on Friday, December 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $174.00 price objective (up from $172.00) on shares of Churchill Downs in a research note on Thursday, March 2nd. Finally, Imperial Capital increased their price objective on Churchill Downs from $165.00 to $169.00 and gave the stock an “outperform” rating in a research note on Thursday, March 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $162.83.

Several hedge funds have recently bought and sold shares of CHDN. Three Bays Capital LP boosted its stake in Churchill Downs by 15.7% in the fourth quarter. Three Bays Capital LP now owns 1,540,627 shares of the company’s stock valued at $231,787,000 after buying an additional 208,565 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Churchill Downs by 7.7% in the third quarter. BlackRock Fund Advisors now owns 688,015 shares of the company’s stock valued at $100,691,000 after buying an additional 49,244 shares during the last quarter. FMR LLC boosted its stake in Churchill Downs by 191.3% in the fourth quarter. FMR LLC now owns 587,048 shares of the company’s stock valued at $88,322,000 after buying an additional 385,548 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Churchill Downs by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 371,102 shares of the company’s stock valued at $54,311,000 after buying an additional 1,691 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Churchill Downs by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 220,436 shares of the company’s stock valued at $32,261,000 after buying an additional 5,497 shares during the last quarter. 70.52% of the stock is currently owned by institutional investors.

About Churchill Downs

Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.

5 Day Chart for NASDAQ:CHDN

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