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NASDAQ:CHDN

Churchill Downs - CHDN Stock Forecast, Price & News

$212.59
+5.07 (+2.44%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$210.00
$215.33
50-Day Range
$173.72
$220.00
52-Week Range
$172.75
$262.20
Volume
214,908 shs
Average Volume
192,585 shs
Market Capitalization
$8.01 billion
P/E Ratio
16.94
Dividend Yield
0.32%
Price Target
$273.00

Churchill Downs MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
28.4% Upside
$273.00 Price Target
Short Interest
Healthy
2.08% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.92
Upright™ Environmental Score
News Sentiment
0.55mentions of Churchill Downs in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
69.89%
From $7.87 to $13.37 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.31 out of 5 stars

Consumer Discretionary Sector

16th out of 289 stocks

Racing, Including Track Operation Industry

1st out of 2 stocks

CHDN stock logo

About Churchill Downs (NASDAQ:CHDN) Stock

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.

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CHDN Stock News Headlines

Churchill Downs (CHDN) Tops Q2 Earnings Estimates
Churchill Downs (CHDN) Set to Announce Earnings on Wednesday
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CHDN Company Calendar

Last Earnings
7/27/2022
Today
8/11/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Racing, including track operation
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:CHDN
CUSIP
17148410
Employees
5,000
Year Founded
1875

Price Target and Rating

Average Stock Price Forecast
$273.00
High Stock Price Forecast
$294.00
Low Stock Price Forecast
$255.00
Forecasted Upside/Downside
+28.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$249.10 million
Pretax Margin
39.89%

Debt

Sales & Book Value

Annual Sales
$1.60 billion
Cash Flow
$10.20 per share
Book Value
$15.99 per share

Miscellaneous

Free Float
35,949,000
Market Cap
$8.01 billion
Optionable
Optionable
Beta
1.11

Social Links


Key Executives

  • Mr. William C. Carstanjen (Age 54)
    CEO & Director
    Comp: $6.77M
  • Mr. William E. Mudd (Age 51)
    Pres & COO
    Comp: $3.87M
  • Ms. Marcia Ann Dall (Age 58)
    Exec. VP & CFO
    Comp: $2.12M
  • Mr. Chad E. Dobson
    Chief Accounting Officer & VP
  • Mr. Nate Simon
    Sr. VP & CTO
  • Mr. Nick Zangari
    VP of Treasury, Investor Relations & Risk Management
  • Mr. Bradley K. Blackwell
    Sr. VP, Gen. Counsel & Sec.
  • Mr. Jason Sauer
    Sr. VP of Corp. Devel.
  • Ms. Katherine Armstrong
    Sr. VP of HR
  • Mr. Michael W. Anderson (Age 51)
    Sr. VP & Pres of Churchill Downs Racetrack













CHDN Stock - Frequently Asked Questions

Should I buy or sell Churchill Downs stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last twelve months. There are currently 5 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 forecast for 2022?

5 Wall Street analysts have issued 1-year price targets for Churchill Downs' shares. Their CHDN share price forecasts range from $255.00 to $294.00. On average, they expect the company's share price to reach $273.00 in the next year. This suggests a possible upside of 26.8% 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 2022?

Churchill Downs' stock was trading at $240.90 at the start of the year. Since then, CHDN stock has decreased by 10.6% and is now trading at $215.25.
View the best growth stocks for 2022 here
.

When is Churchill Downs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our CHDN earnings forecast
.

How were Churchill Downs' earnings last quarter?

Churchill Downs Incorporated (NASDAQ:CHDN) posted its quarterly earnings results on Wednesday, July, 27th. The company reported $3.90 EPS for the quarter, missing analysts' consensus estimates of $3.99 by $0.09. The business earned $582.50 million during the quarter, compared to analyst estimates of $592.06 million. Churchill Downs had a trailing twelve-month return on equity of 78.89% and a net margin of 28.52%. Churchill Downs's quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.08 earnings per share.

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

Churchill Downs declared an annual dividend on Wednesday, October 27th. Shareholders of record on Friday, December 3rd will be given a dividend of $0.667 per share on Friday, January 7th. This represents a yield of 0.28%. The ex-dividend date is Thursday, December 2nd. This is a boost from the stock's previous annual dividend of $0.62.
Read our dividend analysis for CHDN
.

Is Churchill Downs a good dividend stock?

Churchill Downs (NASDAQ:CHDN) pays an annual dividend of $0.67 per share and currently has a dividend yield of 0.33%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 5.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHDN will have a dividend payout ratio of 5.01% 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 before market open on Monday, January 28th 2019. The 3-1 split was announced on Wednesday, October 31st 2018. The newly created shares were distributed to shareholders after the closing bell on Friday, January 25th 2019. An investor that had 100 shares of stock prior to the split would have 300 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).

What is Churchill Downs' stock symbol?

Churchill Downs trades on the NASDAQ under the ticker symbol "CHDN."

Who are Churchill Downs' major shareholders?

Churchill Downs' stock is owned by many different retail and institutional investors. Top institutional investors include Brown Advisory Inc. (1.41%), Loomis Sayles & Co. L P (0.74%), Emerald Advisers LLC (0.47%), Principal Financial Group Inc. (0.44%), Emerald Mutual Fund Advisers Trust (0.38%) and Artemis Investment Management LLP (0.31%). Insiders that own company stock include Austin W Miller, Austin W Miller, Daniel P Harrington, Karole Lloyd, Paul C Varga, R Alex Rankin 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Churchill Downs' stock price today?

One share of CHDN stock can currently be purchased for approximately $215.25.

How much money does Churchill Downs make?

Churchill Downs (NASDAQ:CHDN) has a market capitalization of $8.11 billion and generates $1.60 billion in revenue each year. The company earns $249.10 million in net income (profit) each year or $12.55 on an earnings per share basis.

How many employees does Churchill Downs have?

The company employs 5,000 workers across the globe.

When was Churchill Downs founded?

Churchill Downs was founded in 1875.

How can I contact Churchill Downs?

Churchill Downs' mailing address is 600 NORTH HURSTBOURNE PARKWAY SUITE 400, LOUISVILLE KY, 40222. The official website for the company is www.churchilldownsincorporated.com. The company can be reached via phone at (502) 636-4400, via email at investor.relations@kyderby.com, or via fax at 502-636-4430.

This page (NASDAQ:CHDN) was last updated on 8/11/2022 by MarketBeat.com Staff

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