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

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

Churchill Downs declared 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.

Churchill Downs declared that its Board of Directors has initiated a share repurchase program on Saturday, December 2nd 2017, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Churchill Downs, Inc. (NASDAQ:CHDN) announced its quarterly earnings results on Wednesday, October, 31st. The company reported $1.05 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.48 by $0.43. The business had revenue of $221.30 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 EPS. View Churchill Downs' Earnings History.

Churchill Downs is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for Churchill Downs.

2 Wall Street analysts have issued 12-month price targets for Churchill Downs' stock. Their forecasts range from $280.00 to $325.00. On average, they anticipate Churchill Downs' stock price to reach $302.50 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price. View Analyst Price Targets 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.

Headlines about CHDN stock have trended positive recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Churchill Downs earned a coverage optimism score of 3.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the company's share price in the next several days.

Some companies that are related to Churchill Downs include IQIYI (IQ), MGM Resorts International (MGM), TAL Education Group (TAL), Viacom (VIAB), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Hasbro (HAS), Carnival (CUK), Live Nation Entertainment (LYV), Makita (MKTAY), Wynn Resorts (WYNN), ANTA Sports Products (ANPDF), Vail Resorts (MTN), Wynn Macau (WYNMF), Under Armour (UAA) and InterContinental Hotels Group (IHG).

Churchill Downs' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.72%), FMR LLC (2.73%), Scopus Asset Management L.P. (2.28%), Artemis Investment Management LLP (2.16%), Acadian Asset Management LLC (2.01%) and Bank of New York Mellon Corp (1.45%). 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.

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.

CHDN stock was acquired by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Citadel Advisors LLC, BlackRock Inc., RK Capital Management LLC, FMR LLC, Eidelman Virant Capital, Smithfield Trust Co. and Assenagon Asset Management S.A.. 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.

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.

One share of CHDN stock can currently be purchased for approximately $262.00.

Churchill Downs has a market capitalization of $3.53 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.

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

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]