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Churchill Downs (CHDN)
NASDAQ:CHDN
Churchill Downs (CHDN) Stock Price & Analysis
438 Followers
CHDN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$106.10 - $141.58
Previous Close$138.56
Volume561.70K
Average Volume (3M)529.81K
Market Cap
$10.18B
Enterprise Value$14.96B
Total Cash (Recent Filing)$149.40M
Total Debt (Recent Filing)$4.93B
Price to Earnings (P/E)30.9
Beta0.96
Next Earnings
Jul 24, 2024EPS Estimate
$2.71Last Dividend Ex-Date
Nov 30, 2023Dividend Yield0.27%
Share Statistics
EPS (TTM)4.49
Shares Outstanding73,504,938
10 Day Avg. Volume560,927
30 Day Avg. Volume529,813
Standard Deviation0.10
R-Squared0.25
Alpha0.00949
Financial Highlights & Ratios
Price to Book (P/B)-4.10
Price to Sales (P/S)4.15
Price to Cash Flow (P/CF)10.00
P/FCF Ratio16.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.09
Enterprise Value/Gross Profit18.80
Enterprise Value/Ebitda16.40
Forecast
1Y Price Target
$150.00Price Target Upside8.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Churchill Downs News
Bulls Say, Bears Say
Bulls Say
Event ImpactCHDN hosted the 150th Kentucky Derby at Churchill Downs Racetrack, with attendance up 4% year-over-year, reaching the highest level since 2018.
Property PerformanceTerre Haute is off to a better-than-expected start. Its location provides a competitive moat and seems to be attracting more consumers than initially expected.
Revenue And EBITDACHDN reported better than expected revenue and EBITDA.
Bears Say
ExpansionThe number of machines per establishment is reduced, which could limit the overall expansion of gaming devices.
Financial PerformanceWholly-owned margins were -175 bps y/y, consistent with 4Q23's wholly-owned -179bps y/y, though note 1Q24 had adverse weather.
Market EntryHost fees are considered cumbersome, potentially discouraging new operators from entering the market.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
CHDN FAQ
What was Churchill Downs’s price range in the past 12 months?
Churchill Downs lowest stock price was $106.10 and its highest was $141.57 in the past 12 months.
What is Churchill Downs’s market cap?
Currently, no data Available
When is Churchill Downs’s upcoming earnings report date?
Churchill Downs’s upcoming earnings report date is Jul 24, 2024 which is in 21 days.
How were Churchill Downs’s earnings last quarter?
Churchill Downs released its earnings results on Apr 24, 2024. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.807 by $0.323.
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 $0.38 which represents an annual dividend yield of 0.27%. See more information on Churchill Downs dividends here
What is Churchill Downs’s EPS estimate?
Churchill Downs’s EPS estimate is $2.71.
How many shares outstanding does Churchill Downs have?
Churchill Downs has 73,504,940 shares outstanding.
What happened to Churchill Downs’s price movement after its last earnings report?
Churchill Downs reported an EPS of $1.13 in its last earnings report, beating expectations of $0.807. Following the earnings report the stock price went up 4.733%.
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
1
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10
Analyst Consensus
Strong Buy
Average Price Target:
$150.00 (8.33% Upside)
$150.00 (8.33% Upside)
Blogger Sentiment
Bullish
CHDN Sentiment 87%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 15.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $494.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 4.5%
Last 30 Days ▲ 4.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-0.10%
12-Months-Change
Fundamentals
Return on Equity
44.67%
Trailing 12-Months
Asset Growth
12.65%
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
Q1 2024
0:00 / 0:00
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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
$150.00
▲(8.33% Upside)
Technical Analysis
Penn National Gaming
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Caesars Entertainment
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Monarch Casino & Resort
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Red Rock Resorts
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Best Analysts Covering CHDN
1 Year
1 Year Success Rate
8/10 ratings generated profit
1 Year Average Return
+17.10%
reiterated a buy rating 9 months ago
Copying Joseph Stauff's trades and holding each position for 1 Year would result in 80.00% of your transactions generating a profit, with an average return of +17.10% per trade.
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