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

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$258.10 -6.92 (-2.61 %)
(As of 12/16/2018 05:21 AM ET)
Previous Close$258.10
Today's Range$256.40 - $264.60
52-Week Range$222.90 - $314.60
Volume80,800 shs
Average Volume90,005 shs
Market Capitalization$3.50 billion
P/E Ratio24.05
Dividend Yield0.63%
Beta1.09
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, TwinSpires, and Other Investments segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 11 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 12 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida. It also operates five casinos, which provides brick-and-mortar real-money casino gaming services with approximately 10,000 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 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

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

Debt

Debt-to-Equity Ratio1.71
Current Ratio1.09
Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio24.05
Forward P/E Ratio23.85
P/E Growth1.19

Sales & Book Value

Annual Sales$882.60 million
Price / Sales3.97
Cash Flow$13.5414 per share
Price / Cash Flow19.06
Book Value$41.55 per share
Price / Book6.21

Profitability

EPS (Most Recent Fiscal Year)$5.88
Net Income$140.50 million
Net Margins39.18%
Return on Equity30.33%
Return on Assets8.03%

Miscellaneous

Employees4,300
Outstanding Shares13,560,000
Market Cap$3.50 billion
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 announced an annual dividend on Thursday, November 1st. Shareholders of record on Friday, December 7th will be paid a dividend of $1.63 per share on Friday, January 4th. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, December 6th. This is a positive change from Churchill Downs's previous annual dividend of $1.52. View Churchill Downs' Dividend History.

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

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

How will Churchill Downs' stock buyback program work?

Churchill Downs declared that its board has initiated a share repurchase plan on Saturday, December 2nd 2017, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

How were Churchill Downs' earnings last quarter?

Churchill Downs, Inc. (NASDAQ:CHDN) posted its earnings results on Wednesday, October, 31st. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by $0.43. The company had revenue of $221.30 million for the quarter, compared to the consensus estimate of $208.87 million. Churchill Downs had a net margin of 39.18% and a return on equity of 30.33%. The firm's revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 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, February 27th 2019. View Earnings Estimates for Churchill Downs.

What price target have analysts set for CHDN?

2 brokerages have issued 12 month price targets for Churchill Downs' shares. Their predictions range from $280.00 to $325.00. On average, they expect Churchill Downs' share price to reach $302.50 in the next twelve months. This suggests a possible upside of 17.2% from the stock's current price. View Analyst Price Targets for Churchill Downs.

What is the consensus analysts' recommendation for Churchill Downs?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last year. There are currently 2 hold ratings 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 been trending positive recently, InfoTrie reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Churchill Downs earned a coverage optimism score of 2.1 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the company's share price in the immediate future.

Who are some of Churchill Downs' key competitors?

Who are Churchill Downs' key executives?

Churchill Downs' management team includes the folowing people:
  • Mr. William C. Carstanjen, CEO & Director (Age 50)
  • Mr. William E. Mudd, Pres & COO (Age 47)
  • Ms. Marcia Ann Dall, Exec. VP & CFO (Age 54)
  • Mr. Chad E. Dobson, Chief Accounting Officer & VP
  • Mr. Benjamin C. Murr, Sr. VP & CTO

Who are Churchill Downs' major shareholders?

Churchill Downs' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.72%), Vanguard Group Inc. (7.82%), Vanguard Group Inc (7.82%), FMR LLC (2.73%), Scopus Asset Management L.P. (2.28%) and Artemis Investment Management LLP (2.16%). Company insiders that own Churchill Downs stock include Daniel P Harrington, R Alex Rankin, Richard L Duchossois and Robert L Evans. 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 Scopus Asset Management L.P., Acadian Asset Management LLC, Artemis Investment Management LLP, Renaissance Technologies LLC, Man Group plc, Bank of New York Mellon Corp, Gamco Investors INC. ET AL and Chicago Equity Partners LLC. Company insiders that have sold Churchill Downs company stock in the last year include Daniel P Harrington and Robert L Evans. View Insider Buying and Selling 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 Prudential Financial Inc., Citadel Advisors LLC, Vanguard Group Inc, Vanguard Group Inc., BlackRock Inc., RK Capital Management LLC, FMR LLC and Eidelman Virant Capital. Company insiders that have bought Churchill Downs stock in the last two years include 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 $258.10.

How big of a company is Churchill Downs?

Churchill Downs has a market capitalization of $3.50 billion and generates $882.60 million in revenue each year. The company earns $140.50 million in net income (profit) each year or $5.88 on an earnings per share basis. Churchill Downs employs 4,300 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:  2.7 out of 5 (star star)
Outperform Votes:  296 (Vote Outperform)
Underperform Votes:  252 (Vote Underperform)
Total Votes:  548
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 12/16/2018 by MarketBeat.com Staff

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