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. Stockholders of record on Friday, December 7th will be given a dividend of $1.63 per share on Friday, January 4th. This represents a dividend yield of 0.6%. The ex-dividend date 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 announced that its board has initiated a share buyback 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 repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Churchill Downs, Inc. (NASDAQ:CHDN) issued its quarterly earnings results on Wednesday, October, 31st. The company reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates 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%. Churchill Downs's quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 earnings per share. 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 analysts have issued 1-year price objectives for Churchill Downs' stock. Their forecasts 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 14.6% 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 been trending very positive recently, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Churchill Downs earned a media sentiment score of 3.6 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an effect on the stock's share price in the near future.

Some companies that are related to Churchill Downs include Liberty Broadband Corp Series A (LBRDA), DISH Network (DISH), Discovery Inc Series C (DISCK), Liberty Broadband Corp Series C (LBRDK), IQIYI (IQ), TAL Education Group (TAL), MGM Resorts International (MGM), Viacom (VIAB), Carnival (CUK), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Hasbro (HAS), Wynn Resorts (WYNN), Live Nation Entertainment (LYV), Makita (MKTAY) and ANTA Sports Products (ANPDF).

Churchill Downs' stock is owned by a number of of retail and institutional investors. Top institutional investors 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 purchased 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 $263.96.

Churchill Downs has a market capitalization of $3.54 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]