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NASDAQ:CHDN

Churchill Downs (CHDN) Stock Price, News & Analysis

$135.05
-0.32 (-0.24%)
(As of 03:13 PM ET)
Today's Range
$134.17
$135.37
50-Day Range
$113.57
$139.10
52-Week Range
$106.45
$144.81
Volume
166,885 shs
Average Volume
408,577 shs
Market Capitalization
$9.93 billion
P/E Ratio
30.08
Dividend Yield
0.28%
Price Target
$145.25

Churchill Downs MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
7.4% Upside
$145.25 Price Target
Short Interest
Healthy
2.67% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.92
Upright™ Environmental Score
News Sentiment
0.43mentions of Churchill Downs in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$494,836 Bought Last Quarter
Proj. Earnings Growth
27.62%
From $5.72 to $7.30 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.66 out of 5 stars

Consumer Discretionary Sector

25th out of 265 stocks

Racing, Including Track Operation Industry

1st out of 2 stocks

CHDN stock logo

About Churchill Downs Stock (NASDAQ:CHDN)

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; and casino gaming. 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.

CHDN Stock Price History

CHDN Stock News Headlines

A look at Churchill Down's Club SI (PHOTOS)
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Company Calendar

Last Earnings
4/24/2024
Today
5/21/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Racing, including track operation
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:CHDN
CUSIP
17148410
Employees
7,970
Year Founded
1875

Price Target and Rating

Average Stock Price Target
$145.25
High Stock Price Target
$156.00
Low Stock Price Target
$138.00
Potential Upside/Downside
+7.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
$417.30 million
Pretax Margin
18.24%

Debt

Sales & Book Value

Annual Sales
$2.46 billion
Cash Flow
$7.51 per share
Book Value
$11.98 per share

Miscellaneous

Free Float
69,734,000
Market Cap
$9.91 billion
Optionable
Optionable
Beta
0.99

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Key Executives

  • Mr. William C. Carstanjen (Age 56)
    CEO & Director
    Comp: $5.16M
  • Mr. William E. Mudd (Age 53)
    President & COO
    Comp: $3.03M
  • Ms. Marcia Ann Dall CPA (Age 60)
    Executive VP & CFO
    Comp: $2.1M
  • Mr. Bradley K. Blackwell (Age 51)
    Executive VP, General Counsel & Secretary
    Comp: $1.55M
  • Ms. Maureen Adams (Age 59)
    Executive Vice President of Gaming Operations
    Comp: $1.32M
  • Jon E. Rauch
    VP & Chief Accounting Officer
  • Mr. Nate Simon
    Senior VP & CTO
  • Kaitlin Buzzetto
    Director of Investor Relations
  • Mr. Jason Sauer
    Senior Vice President of Corporate Development
  • Ms. Katherine Armstrong
    Senior VP of Human Resources

CHDN Stock Analysis - Frequently Asked Questions

Should I buy or sell Churchill Downs stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CHDN shares.
View CHDN analyst ratings
or view top-rated stocks.

What is Churchill Downs' stock price target for 2024?

8 brokerages have issued twelve-month price targets for Churchill Downs' shares. Their CHDN share price targets range from $138.00 to $156.00. On average, they predict the company's share price to reach $145.25 in the next year. This suggests a possible upside of 7.4% from the stock's current price.
View analysts price targets for CHDN
or view top-rated stocks among Wall Street analysts.

How have CHDN shares performed in 2024?

Churchill Downs' stock was trading at $134.93 on January 1st, 2024. Since then, CHDN stock has increased by 0.2% and is now trading at $135.25.
View the best growth stocks for 2024 here
.

When is Churchill Downs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our CHDN earnings forecast
.

How were Churchill Downs' earnings last quarter?

Churchill Downs Incorporated (NASDAQ:CHDN) issued its earnings results on Wednesday, April, 24th. The company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.35. The firm earned $590.90 million during the quarter, compared to analyst estimates of $565.41 million. Churchill Downs had a trailing twelve-month return on equity of 44.99% and a net margin of 13.72%. The firm's revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS.

How often does Churchill Downs pay dividends? What is the dividend yield for Churchill Downs?

Churchill Downs announced an annual dividend on Thursday, November 30th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.382 per share on Friday, January 5th. This represents a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from the stock's previous annual dividend of $0.36.
Read our dividend analysis for CHDN
.

Is Churchill Downs a good dividend stock?

Churchill Downs (NASDAQ:CHDN) pays an annual dividend of $0.38 per share and currently has a dividend yield of 0.29%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 8.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHDN will have a dividend payout ratio of 5.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHDN.

When did Churchill Downs' stock split?

Shares of Churchill Downs split on the morning of Monday, May 22nd 2023. The 2-1 split was announced on Tuesday, April 25th 2023. The newly created shares were issued to shareholders after the closing bell on Friday, May 19th 2023. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Bill Carstanjen's approval rating as Churchill Downs' CEO?

16 employees have rated Churchill Downs Chief Executive Officer Bill Carstanjen on Glassdoor.com. Bill Carstanjen has an approval rating of 100% among the company's employees. This puts Bill Carstanjen in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 51.0% of employees surveyed would recommend working at Churchill Downs to a friend.

What other stocks do shareholders of Churchill Downs own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Churchill Downs investors own include NVIDIA (NVDA), Marvell Technology (MRVL), Alibaba Group (BABA), Intuitive Surgical (ISRG), Block (SQ), Baidu (BIDU), JD.com (JD), Boeing (BA), CRISPR Therapeutics (CRSP) and Teladoc Health (TDOC).

Who are Churchill Downs' major shareholders?

Churchill Downs' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.08%), Capital Research Global Investors (8.33%), Capital International Investors (3.48%), Jennison Associates LLC (1.15%), Price T Rowe Associates Inc. MD (0.68%) and Janus Henderson Group PLC (0.59%). Insiders that own company stock include Austin W Miller, Paul C Varga and William E Mudd.
View institutional ownership trends
.

How do I buy shares of Churchill Downs?

Shares of CHDN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CHDN) was last updated on 5/21/2024 by MarketBeat.com Staff

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