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. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.
Churchill Downs Stock Performance
Shares of CHDN Stock traded up $5.28 during mid-day trading on Thursday, reaching $212.80. The stock had a trading volume of 4,120 shares, compared to its average volume of 180,271. The firm's 50 day simple moving average is $201.11 and its 200 day simple moving average is $207.86. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 5.23. Churchill Downs has a one year low of $172.75 and a one year high of $262.20. The firm has a market cap of $8.02 billion, a PE ratio of 16.96, a P/E/G ratio of 0.57 and a beta of 1.11.
Churchill Downs (NASDAQ:CHDN - Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported $3.90 earnings per share for the quarter, missing analysts' consensus estimates of $3.99 by ($0.09). The business had revenue of $582.50 million for the quarter, compared to analyst estimates of $592.06 million. Churchill Downs had a net margin of 28.52% and a return on equity of 78.89%. The company's revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the business earned $3.08 earnings per share. On average, analysts forecast that Churchill Downs will post 7.87 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on CHDN shares. Wells Fargo & Company dropped their price target on Churchill Downs from $270.00 to $255.00 and set an "overweight" rating on the stock in a research report on Thursday, July 14th. KeyCorp set a $280.00 price target on Churchill Downs in a research note on Tuesday, July 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $273.00.