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; and casino gaming. 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: $138.11 to $141.41
• 50-Day Range: $130.35 to $145.00
• 52-Week Range: $106.45 to $146.64
• Volume: 398,655 shs
• Average Volume: 420,845 shs
• Market Capitalization: $10.20 billion
• P/E Ratio: 30.91
• Dividend Yield: 0.27%
• Price Target: $156.90
• Consensus Rating: Buy

Churchill Downs Stock Analysis - MarketRank™

Churchill Downs scored higher than 98% of companies evaluated by MarketBeat, and ranked 10th out of 300 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: 3.5 / 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 10 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Churchill Downs has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 17.83%

Earnings Growth

Earnings for Churchill Downs are expected to grow by 17.83% in the coming year, from $6.17 to $7.27 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Churchill Downs is 30.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.17.

Price to Earnings Ratio vs. Sector

The P/E ratio of Churchill Downs is 30.91, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.95.

Price to Earnings Growth Ratio

Churchill Downs has a PEG Ratio of 2.04. 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 11.58. 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

1.48% 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 2.5, 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 0.91%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Churchill Downs has a dividend yield of 0.27%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Churchill Downs has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Churchill Downs is 8.46%. 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 5.23% 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

1.48% 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 2.5, 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 0.91%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.78

News Sentiment

Churchill Downs has a news sentiment score of 0.78. 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 8 news articles for Churchill Downs this week, compared to 7 articles on an average week.

MarketBeat Follows

Only 2 people have added Churchill Downs to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% 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 on January 1st, 2024. Since then, CHDN stock has increased by 2.9% and is now trading at $138.78.
View the best growth stocks for 2024 here.

How were Churchill Downs' earnings last quarter?

Churchill Downs Incorporated (NASDAQ:CHDN) posted its quarterly earnings data on Wednesday, July, 24th. The company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.71 by $0.18. The company's revenue for the quarter was up 15.9% on a year-over-year basis.

When did Churchill Downs' stock split?

Churchill Downs shares split before market open on 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 market closes 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?

Churchill Downs' top institutional investors include William Blair Investment Management LLC (1.22%), Bank of New York Mellon Corp (0.86%), Dimensional Fund Advisors LP (0.60%) and Artemis Investment Management LLP (0.47%). 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 NVIDIA (NVDA), Marvell Technology (MRVL), Alibaba Group (BABA), Intuitive Surgical (ISRG), Block (SQ), Baidu (BIDU) and JD.com (JD).

Company Calendar

• Last Earnings: 7/24/2024
• Today: 9/18/2024
• Next Earnings (Estimated): 10/23/2024
• Fiscal Year End: 12/31/2024

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: $156.90
• High Stock Price Target: $166.00
• Low Stock Price Target: $138.00
• Potential Upside/Downside: +13.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.49
• Trailing P/E Ratio: 30.91
• Forward P/E Ratio: 22.49
• P/E Growth: 2.04
• Net Income: $417.30 million
• Net Margins: 15.61%
• Pretax Margin: 21.02%
• Return on Equity: 47.53%
• Return on Assets: 6.19%

Debt

• Debt-to-Equity Ratio: 4.65
• Current Ratio: 0.57
• Quick Ratio: 0.57

Sales & Book Value

• Annual Sales: $2.62 billion
• Price / Sales: 3.90
• Cash Flow: $7.36 per share
• Price / Cash Flow: 18.86
• Book Value: $11.98 per share
• Price / Book: 11.58

Miscellaneous

• Outstanding Shares: 73,505,000
• Free Float: 69,734,000
• Market Cap: $10.20 billion
• Optionable: Optionable
• Beta: 0.97