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Churchill Downs (CHDN)
NASDAQ:CHDN
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CHDN Stock Chart & Stats
Day’s Range― - ―
52-Week Range$111.10 - $150.21
Previous CloseN/A
Volume51.23K
Average Volume (3M)444.29K
Market Cap
$9.16B
Enterprise Value$14.71B
Total Cash (Recent Filing)$45.30M
Total Debt (Recent Filing)$907.50M
Price to Earnings (P/E)22.7
Beta0.94
Next Earnings
Feb 19, 2025EPS Estimate
0.91Last Dividend Ex-Date
Dec 06, 2024Dividend Yield0.33%
Share Statistics
EPS (TTM)5.49
Shares Outstanding73,496,740
10 Day Avg. Volume521,142
30 Day Avg. Volume444,288
Standard Deviation0.10
R-Squared0.23
Alpha0.00556
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.43
Price to Cash Flow (P/CF)13.50
P/FCF Ratio23.00
Enterprise Value/Market Cap1.61
Enterprise Value/Revenue5.51
Enterprise Value/Gross Profit18.48
Enterprise Value/Ebitda14.14
Forecast
1Y Price Target
$164.40Price Target Upside30.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Churchill Downs News
Bulls Say, Bears Say
Bulls Say
Expansion PlansChurchill Downs plans to spend significantly on M&A and growth capital, focusing on expanding its HRM footprint and electronic table games.
Financial PerformanceCHDN reported better-than-expected revenue, driven by the Live and Historical segment particularly within Churchill Downs Racetrack and Northern Kentucky.
Growth StrategyChurchill Downs' growth strategy and project investments position it as deserving of a premium valuation.
Bears Say
Financial PerformanceGaming EBITDA is flat on new property growth despite softness and competition, resulting in margin declines of 150 bps YoY on a same-store basis.
Increased CompetitionCompetition at the Fair Grounds casino is increasing with the opening of nearby casinos.
Project DelaysThe opening of the Rose Gaming Resort has been delayed once again due to adverse weather conditions.
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Ownership Overview
5.51% Insiders
32.45% Mutual Funds
0.38% Other Institutional Investors
42.41% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CHDN FAQ
What was Churchill Downs’s price range in the past 12 months?
Churchill Downs lowest stock price was $111.09 and its highest was $150.21 in the past 12 months.
What is Churchill Downs’s market cap?
Churchill Downs’s market cap is $9.16B.
When is Churchill Downs’s upcoming earnings report date?
Churchill Downs’s upcoming earnings report date is Feb 19, 2025 which is in 32 days.
How were Churchill Downs’s earnings last quarter?
Churchill Downs released its earnings results on Oct 23, 2024. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.963 by $0.007.
Is Churchill Downs overvalued?
According to Wall Street analysts Churchill Downs’s price is currently Undervalued.
Does Churchill Downs pay dividends?
Churchill Downs pays a Annually dividend of $0.409 which represents an annual dividend yield of 0.33%. See more information on Churchill Downs dividends here
What is Churchill Downs’s EPS estimate?
Churchill Downs’s EPS estimate is 0.91.
How many shares outstanding does Churchill Downs have?
Churchill Downs has 73,496,740 shares outstanding.
What happened to Churchill Downs’s price movement after its last earnings report?
Churchill Downs reported an EPS of $0.97 in its last earnings report, beating expectations of $0.963. Following the earnings report the stock price went up 4.479%.
Which hedge fund is a major shareholder of Churchill Downs?
Among the largest hedge funds holding Churchill Downs’s share is Gamco Investors, Inc. ET AL. It holds Churchill Downs’s shares valued at 32M.
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Churchill Downs Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$164.40 (30.48% Upside)
$164.40 (30.48% Upside)
Blogger Sentiment
Bullish
CHDN Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 28.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 22.1%
Last 30 Days ▲ 22.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
1.98%
12-Months-Change
Fundamentals
Return on Equity
41.39%
Trailing 12-Months
Asset Growth
6.25%
Trailing 12-Months
Company Description
Churchill Downs
Churchill Downs, Inc. operates as a provider of pari-mutuel horseracing, online account wagering on horseracing and casino gaming. It operates through the following business segments: Racing, Casino, Online Wagering, Corporate, and Other Investments. The Racing segment includes Churchill Downs Racetrack, Arlington Park Racecourse, Calder Race Course, and Fair Grounds Race Course. The Casinos segment includes Oxford Casino, Riverwalk Casino Hotel, Harlow's Casino Resort and Spa, Calder Casino, Fair Grounds Slots, Video Services and equity investment. The Online Wagering segment offers simulcasting and interactive wagering hub. The Corporate segment includes miscellaneous and other revenue, compensation expense, professional fees and other general and administrative expense not allocated to other operating segments. The Other Investments and Corporate segment consists of United Tote Company and United Tote Canada, Capital View Casino and Resort, Bluff Media, and minor investments. The company was founded in 1875 and is headquartered in Louisville, KY.
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CHDN Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with record-breaking financial results, particularly from HRM expansions in Virginia and Kentucky. However, there were challenges with the Derby City Downtown venue and increased competition in regional gaming. Overall, the highlights significantly outweigh the lowlights, showing a positive outlook for the company's growth and future projects.Read More>---
CHDN Net revenue Breakdown
42.54% Live and Historical Racing
39.35% Gaming
18.07% TwinSpires
0.04% Other
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CHDN Stock 12 Month Forecast
Average Price Target
$164.40
▲(30.48% Upside)
Technical Analysis
DraftKings
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Las Vegas Sands
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MGM Resorts
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Caesars Entertainment
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Penn National Gaming
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Boyd Gaming
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Best Analysts Covering CHDN
1 Year
1 Year Success Rate
18/30 ratings generated profit
1 Year Average Return
+12.71%
assigned a buy rating 15 days ago
Copying David Katz's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +12.71% per trade.
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