Churchill Downs (CHDN) Stock Price, News & Analysis

Company Overview

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; casino gaming; and Terre Haute Casino Resort. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.

Key Stats

• Today's Range: $137.19 to $140.04
• 50-Day Range: $131.74 to $147.45
• 52-Week Range: $111.10 to $150.21
• Volume: 245,073 shs
• Average Volume: 559,373 shs
• Market Capitalization: $10.29 billion
• P/E Ratio: 25.50
• Dividend Yield: 0.27%
• Price Target: $160.88
• Consensus Rating: Buy

Churchill Downs Stock Analysis - MarketRank™

Churchill Downs scored higher than 95% of companies evaluated by MarketBeat, and ranked 20th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Churchill Downs has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Churchill Downs has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 18.26%

Earnings Growth

Earnings for Churchill Downs are expected to grow by 18.26% in the coming year, from $5.86 to $6.93 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Churchill Downs is 25.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Churchill Downs is 25.50, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.66.

Price to Earnings Growth Ratio

Churchill Downs has a PEG Ratio of 3.85. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Churchill Downs has a P/B Ratio of 11.68. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.01% of the outstanding shares of Churchill Downs have been sold short.

Short Interest Ratio / Days to Cover

Churchill Downs has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Churchill Downs has recently decreased by 3.90%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Churchill Downs has a dividend yield of 0.28%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Churchill Downs has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of Churchill Downs is 7.29%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Churchill Downs will have a dividend payout ratio of 5.77% next year. This indicates that Churchill Downs will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -2.92

Percentage of Shares Shorted

2.01% of the outstanding shares of Churchill Downs have been sold short.

Short Interest Ratio / Days to Cover

Churchill Downs has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Churchill Downs has recently decreased by 3.90%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.16

News Sentiment

Churchill Downs has a news sentiment score of 1.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Churchill Downs this week, compared to 8 articles on an average week.

Search Interest

3 people have searched for CHDN on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Churchill Downs insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.13% of the stock of Churchill Downs is held by insiders.

Percentage Held by Institutions

82.59% of the stock of Churchill Downs is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CHDN Stock Analysis - Frequently Asked Questions

How have CHDN shares performed this year?

Churchill Downs' stock was trading at $134.93 at the start of the year. Since then, CHDN stock has increased by 3.7% and is now trading at $139.97.
View the best growth stocks for 2024 here.

How were Churchill Downs' earnings last quarter?

Churchill Downs Incorporated (NASDAQ:CHDN) issued its quarterly earnings results on Wednesday, October, 23rd. The company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.01. Churchill Downs's quarterly revenue was up 9.8% compared to the same quarter last year.

When did Churchill Downs' stock split?

Churchill Downs's stock split on the morning of Monday, May 22nd 2023. The 2-1 split was announced on Tuesday, April 25th 2023. The newly created shares were distributed to shareholders after the closing bell on Friday, May 19th 2023. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Who are Churchill Downs' major shareholders?

Top institutional investors of Churchill Downs include FMR LLC (4.60%), State Street Corp (2.83%), Geode Capital Management LLC (1.77%) and ArrowMark Colorado Holdings LLC (1.75%). Insiders that own company stock include William E Mudd and Paul C Varga.
View institutional ownership trends.

How do I buy shares of Churchill Downs?

Shares of CHDN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Churchill Downs own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Churchill Downs investors own include Broadcom (AVGO), IDEXX Laboratories (IDXX), Tesla (TSLA), NVIDIA (NVDA), Applied Materials (AMAT), Meta Platforms (META) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 10/23/2024
• Today: 11/21/2024
• Ex-Dividend for 1/3 Dividend: 12/06/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/03/2025
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Racing, including track operation
• Sub-Industry: Casinos & Gaming
• Current Symbol: NASDAQ:CHDN
• CUSIP: 17148410
• CIK: 20212
• Web: www.churchilldownsincorporated.com
• Phone: (502) 636-4400
• Fax: 502-636-4430
• Employees: 7,970
• Year Founded: 1875

Price Target and Rating

• Average Stock Price Target: $160.88
• High Stock Price Target: $168.00
• Low Stock Price Target: $151.00
• Potential Upside/Downside: +14.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.49
• Trailing P/E Ratio: 25.50
• Forward P/E Ratio: 23.89
• P/E Growth: 3.85
• Net Income: $417.30 million
• Net Margins: 15.45%
• Pretax Margin: 20.74%
• Return on Equity: 45.48%
• Return on Assets: 6.17%

Debt

• Debt-to-Equity Ratio: 4.35
• Current Ratio: 0.55
• Quick Ratio: 0.55

Sales & Book Value

• Annual Sales: $2.67 billion
• Price / Sales: 3.85
• Cash Flow: $7.49 per share
• Price / Cash Flow: 18.68
• Book Value: $11.98 per share
• Price / Book: 11.68

Miscellaneous

• Outstanding Shares: 73,497,000
• Free Float: 69,727,000
• Market Cap: $10.29 billion
• Optionable: Optionable
• Beta: 0.96