NASDAQ:CHDN - Churchill Downs Stock Price, News, & Analysis

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$96.33 +1.07 (+1.12 %)
(As of 05/26/2019 03:29 PM ET)
Previous Close$96.33
Today's Range$95.29 - $96.76
52-Week Range$74.58 - $103.18
Volume177,113 shs
Average Volume283,988 shs
Market Capitalization$3.87 billion
P/E Ratio26.46
Dividend Yield0.57%
Beta1.21
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida. It also operates 7 casinos, which provides brick-and-mortar casino gaming services with approximately 9,500 gaming positions; and operates 3 hotels. In addition, the company through TwinSpires.com operates mobile and online wagering business; and a platform for betting on horseracing, as well as offers streaming video of live horse races, replays, and an assortment of racing and handicapping information. Further, it offers reports, statistical information, handicapping information, pedigrees, and other data for the thoroughbred horse industry through Brisnet.com and TwinSpires.com. Additionally, the company manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses; and provides totalisator and Internet-based interactive gaming services. Churchill Downs Incorporated was founded in 1928 and is headquartered in Louisville, Kentucky.

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Industry, Sector and Symbol

Industry Racing, including track operation
Sub-IndustryCasinos & Gaming
SectorConsumer Discretionary
Current SymbolNASDAQ:CHDN
CUSIP17148410
Phone502-636-4400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.01 billion
Cash Flow$5.2183 per share
Book Value$11.37 per share

Profitability

Net Income$352.80 million

Miscellaneous

Employees4,100
Market Cap$3.87 billion
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

Churchill Downs (NASDAQ:CHDN) Frequently Asked Questions

What is Churchill Downs' stock symbol?

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

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

Churchill Downs declared an annual dividend on Thursday, November 1st. Shareholders of record on Friday, December 7th will be paid a dividend of $0.5433 per share on Friday, January 4th. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, December 6th. View Churchill Downs' Dividend History.

When did Churchill Downs' stock split? How did Churchill Downs' stock split work?

Churchill Downs shares 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 issued to shareholders after the market closes on Friday, January 25th 2019. An investor that had 100 shares of Churchill Downs stock prior to the split would have 300 shares after the split.

How will Churchill Downs' stock buyback program work?

Churchill Downs announced that its Board of Directors has approved a stock repurchase program on Saturday, December 2nd 2017, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

How were Churchill Downs' earnings last quarter?

Churchill Downs, Inc. (NASDAQ:CHDN) issued its earnings results on Wednesday, April, 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.23. The firm had revenue of $265.40 million for the quarter, compared to analyst estimates of $250.57 million. Churchill Downs had a net margin of 16.81% and a return on equity of 33.97%. The business's revenue for the quarter was up 40.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. View Churchill Downs' Earnings History.

When is Churchill Downs' next earnings date?

Churchill Downs is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Churchill Downs.

What price target have analysts set for CHDN?

3 equities research analysts have issued 1-year price objectives for Churchill Downs' shares. Their predictions range from $105.00 to $106.00. On average, they expect Churchill Downs' stock price to reach $105.3333 in the next year. This suggests a possible upside of 9.3% from the stock's current price. View Analyst Price Targets for Churchill Downs.

What is the consensus analysts' recommendation for Churchill Downs?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Churchill Downs.

Has Churchill Downs been receiving favorable news coverage?

Media coverage about CHDN stock has trended negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Churchill Downs earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an impact on the company's share price in the next few days.

Who are some of Churchill Downs' key competitors?

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 Netflix (NFLX), Alibaba Group (BABA), MGM Resorts International (MGM), Penn National Gaming (PENN), Adobe (ADBE), Lam Research (LRCX), NVIDIA (NVDA), Tesla (TSLA), Wynn Resorts (WYNN) and AT&T (T).

Who are Churchill Downs' key executives?

Churchill Downs' management team includes the folowing people:
  • Mr. William C. Carstanjen, CEO & Director (Age 51)
  • Mr. William E. Mudd, Pres & COO (Age 48)
  • Ms. Marcia Ann Dall, Exec. VP & CFO (Age 55)
  • Mr. Austin W. Miller, Sr. VP of Gaming Operations (Age 55)
  • Mr. Chad E. Dobson, Chief Accounting Officer & VP

Who are Churchill Downs' major shareholders?

Churchill Downs' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.14%), FMR LLC (1.97%), Acadian Asset Management LLC (1.53%), Northern Trust Corp (1.45%), Durational Capital Management LP (1.30%) and Geode Capital Management LLC (1.19%). Company insiders that own Churchill Downs stock include Daniel P Harrington, Karole Lloyd, R Alex Rankin, Richard L Duchossois and Robert L Evans. View Institutional Ownership Trends for Churchill Downs.

Which major investors are selling Churchill Downs stock?

CHDN stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Marshall Wace LLP and Oxford Asset Management LLP. View Insider Buying and Selling for Churchill Downs.

Which major investors are buying Churchill Downs stock?

CHDN stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Northern Trust Corp, Acadian Asset Management LLC, Geode Capital Management LLC, Durational Capital Management LP, Dimensional Fund Advisors LP and Emerald Advisers LLC. Company insiders that have bought Churchill Downs stock in the last two years include Karole Lloyd, R Alex Rankin and Richard L Duchossois. View Insider Buying and Selling for Churchill Downs.

How do I buy shares of Churchill Downs?

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

What is Churchill Downs' stock price today?

One share of CHDN stock can currently be purchased for approximately $96.33.

How big of a company is Churchill Downs?

Churchill Downs has a market capitalization of $3.87 billion and generates $1.01 billion in revenue each year. The company earns $352.80 million in net income (profit) each year or $3.64 on an earnings per share basis. Churchill Downs employs 4,100 workers across the globe.

What is Churchill Downs' official website?

The official website for Churchill Downs is http://www.churchilldownsincorporated.com/.

How can I contact Churchill Downs?

Churchill Downs' mailing address is 600 NORTH HURSTBOURNE PARKWAY SUITE 400, LOUISVILLE KY, 40222. The company can be reached via phone at 502-636-4400 or via email at [email protected]


MarketBeat Community Rating for Churchill Downs (NASDAQ CHDN)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  318 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  603
MarketBeat's community ratings are surveys of what our community members think about Churchill Downs and other stocks. Vote "Outperform" if you believe CHDN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CHDN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/26/2019 by MarketBeat.com Staff

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