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NASDAQ:CHDNChurchill Downs Stock Price, Forecast & News

$141.50
+13.97 (+10.95 %)
(As of 05/27/2020 04:00 PM ET)
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Today's Range
$128.16
Now: $141.50
$141.77
50-Day Range
$86.33
MA: $101.27
$127.53
52-Week Range
$52.90
Now: $141.50
$167.52
Volume1.17 million shs
Average Volume420,639 shs
Market Capitalization$5.58 billion
P/E Ratio56.60
Dividend Yield0.45%
Beta1.07
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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Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.6Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.23 out of 5 stars


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$1.33 billion
Cash Flow$8.12 per share
Book Value$11.05 per share

Profitability

Net Income$137.50 million

Miscellaneous

Employees5,500
Market Cap$5.58 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Churchill Downs (NASDAQ:CHDN) Frequently Asked Questions

How has Churchill Downs' stock been impacted by COVID-19 (Coronavirus)?

Churchill Downs' stock was trading at $98.88 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CHDN shares have increased by 43.1% and is now trading at $141.50. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Churchill Downs?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Churchill Downs.

When is Churchill Downs' next earnings date?

Churchill Downs is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Churchill Downs.

How were Churchill Downs' earnings last quarter?

Churchill Downs, Inc. (NASDAQ:CHDN) released its quarterly earnings results on Wednesday, April, 29th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.11. The business earned $252.90 million during the quarter, compared to the consensus estimate of $251.45 million. Churchill Downs had a net margin of 7.78% and a return on equity of 30.45%. The firm's revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. View Churchill Downs' earnings history.

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

Churchill Downs announced an annual dividend on Wednesday, October 30th. Investors of record on Friday, December 6th will be paid a dividend of $0.581 per share on Friday, January 3rd. This represents a yield of 0.45%. The ex-dividend date is Thursday, December 5th. This is a positive change from Churchill Downs's previous annual dividend of $0.54. View Churchill Downs' dividend history.

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

Churchill Downs shares split on the morning of Monday, January 28th 2019. The 3-1 split was announced on Wednesday, October 31st 2018. The newly issued shares were distributed 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.

What price target have analysts set for CHDN?

4 Wall Street analysts have issued 1 year target prices for Churchill Downs' shares. Their forecasts range from $135.00 to $150.00. On average, they anticipate Churchill Downs' share price to reach $143.25 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price. View analysts' price targets for Churchill Downs.

Has Churchill Downs been receiving favorable news coverage?

Media headlines about CHDN stock have trended somewhat positive on Thursday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Churchill Downs earned a daily sentiment score of 1.6 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutChurchill Downs.

Are investors shorting Churchill Downs?

Churchill Downs saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 3,280,000 shares, an increase of 8.6% from the March 31st total of 3,020,000 shares. Based on an average trading volume of 451,200 shares, the short-interest ratio is presently 7.3 days. Approximately 9.4% of the shares of the company are short sold. View Churchill Downs' Current Options Chain.

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 NVIDIA (NVDA), Marvell Technology Group (MRVL), Netflix (NFLX), Baidu (BIDU), Alibaba Group (BABA), Walt Disney (DIS), AT&T (T), Intuitive Surgical (ISRG), JD.Com (JD) and Metlife (MET).

Who are Churchill Downs' key executives?

Churchill Downs' management team includes the following 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

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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.88%), State Street Corp (2.82%), Par Capital Management Inc. (2.66%), London Co. of Virginia (1.44%), Geode Capital Management LLC (1.34%) and Bank of New York Mellon Corp (1.11%). Company insiders that own Churchill Downs stock include Austin W Miller, Karole Lloyd, Paul C Varga, R Alex Rankin, Richard L Duchossois and William E Mudd. View institutional ownership trends for Churchill Downs.

Which institutional investors are selling Churchill Downs stock?

CHDN stock was sold by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Artemis Investment Management LLP, Janus Henderson Group PLC, Acadian Asset Management LLC, Shellback Capital LP, UBS Group AG, Invesco Ltd., and RK Capital Management LLC. Company insiders that have sold Churchill Downs company stock in the last year include Austin W Miller, and William E Mudd. View insider buying and selling activity for Churchill Downs.

Which institutional investors are buying Churchill Downs stock?

CHDN stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Lord Abbett & CO. LLC, Balyasny Asset Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., FDx Advisors Inc., FDx Advisors Inc., and Par Capital Management Inc.. Company insiders that have bought Churchill Downs stock in the last two years include Karole Lloyd, Paul C Varga, R Alex Rankin, and Richard L Duchossois. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Churchill Downs' stock price today?

One share of CHDN stock can currently be purchased for approximately $141.50.

How big of a company is Churchill Downs?

Churchill Downs has a market capitalization of $5.58 billion and generates $1.33 billion in revenue each year. The company earns $137.50 million in net income (profit) each year or $4.43 on an earnings per share basis. Churchill Downs employs 5,500 workers across the globe.

What is Churchill Downs' official website?

The official website for Churchill Downs is 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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff

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