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NASDAQ:CHDNChurchill Downs Stock Price, Forecast & News

$128.02
+3.03 (+2.42 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$124.14
Now: $128.02
$128.80
50-Day Range
$118.30
MA: $132.81
$153.00
52-Week Range
$52.90
Now: $128.02
$167.52
Volume228,200 shs
Average Volume314,690 shs
Market Capitalization$5.05 billion
P/E Ratio51.21
Dividend Yield0.46%
Beta1.16
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: 2.5Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.10 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.33 billion
Cash Flow$7.16 per share
Book Value$12.76 per share

Profitability

Net Income$137.50 million

Miscellaneous

Employees5,500
Market Cap$5.05 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 Coronavirus reached pandemic status according to the World Health Organization. Since then, CHDN shares have increased by 29.5% and is now trading at $128.02. View which stocks have been most impacted by Coronavirus.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last year. There are currently 3 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) announced its quarterly earnings data on Wednesday, April, 29th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.11. The company had revenue of $252.90 million for the quarter, compared to analyst estimates of $251.45 million. Churchill Downs had a return on equity of 30.45% and a net margin of 7.78%. Churchill Downs's revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 declared an annual dividend on Wednesday, October 30th. Shareholders 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 of this dividend is Thursday, December 5th. This is an increase 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?

Shares of Churchill Downs split on the morning of 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 closing bell 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?

3 analysts have issued 1-year target prices for Churchill Downs' shares. Their forecasts range from $140.00 to $150.00. On average, they anticipate Churchill Downs' stock price to reach $146.00 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price. View analysts' price targets for Churchill Downs.

Has Churchill Downs been receiving favorable news coverage?

Headlines about CHDN stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring 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 daily sentiment score of -1.2 on InfoTrie's scale. They also gave news 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 stock's share price in the next few days. View the latest news about Churchill Downs.

Are investors shorting Churchill Downs?

Churchill Downs saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 3,070,000 shares, a decline of 11.0% from the June 15th total of 3,450,000 shares. Based on an average daily trading volume, of 450,800 shares, the short-interest ratio is currently 6.8 days. Currently, 8.8% of the company's stock are sold short. 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 many different retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.06%) and Eidelman Virant Capital (0.06%). 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 major investors are selling Churchill Downs stock?

CHDN stock was sold by a variety of institutional investors in the last quarter, including Eidelman Virant Capital. View insider buying and selling activity for Churchill Downs.

Which major investors are buying Churchill Downs stock?

CHDN stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset 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 $128.02.

How big of a company is Churchill Downs?

Churchill Downs has a market capitalization of $5.05 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 7/11/2020 by MarketBeat.com Staff

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