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.
Churchill Downs stock last closed at $142.19, up 3.38% from the previous day, and has increased 34.48% in one year. It has overperformed other stocks in the Gambling industry by 0.32 percentage points. Churchill Downs stock is currently +64.62% from its 52-week low of $86.38, and -5.49% from its 52-week high of $150.45.
At the moment, there are 74.87M CHDN shares outstanding. The market value of CHDN is $10.65B. In the last 24 hours, 651,196 CHDN shares were traded.
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Once you have figured out the best place to buy Churchill Downs stock, it's absolutely critical to research their stock before you invest, so you truly comprehend the risk as well as the upside.
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You can see all of the due diligence checks on CHDN's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CHDN's true value.
Using relative valuations metrics:
You can do additional valuation research on CHDN's stock here.
Out of 5 Equities analysts who give ratings on CHDN, the consensus analyst rating on Churchill Downs is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Barry Jonas, a top 13% analyst from Truist Securities maintains CHDN with a strong buy rating and raises their CHDN price target from $150.00 to $165.00, on Apr 28, 2023.
Jordan Bender, a top 18% analyst from JMP Securities maintains CHDN with a buy rating and raises their CHDN price target from $149.00 to $163.00, on Apr 28, 2023.
Joseph Stauff, a top 3% analyst from Susquehanna maintains CHDN with a strong buy rating and raises their CHDN price target from $141.50 to $143.00, on Feb 27, 2023.
Maintaining his Strong Buy rating, Stauff nudged up his price target on Churchill Downs Inc. by 1.1% following the release of the company's Q4 and FY 2022 earnings report on 2023/02/22.
"The underlying performance of the company's core HRM assets (in Kentucky & Virginia in particular) and the timing of its capital projects layer of $1.9B aggregating into earnings" are Churchill's stock's primary value drivers, the analyst told investors.
Churchill Downs reported:
For Q4 2022:
For FY 2022:
For FY 2023, management guided:
CEO Bill Carstanjen commented in the earnings call: "Our overreaching objective is to pursue what we have demonstrated we are good at, growing the Kentucky Derby, developing greenfield and organic opportunities as well as executing acquisitions that fit our profile, all of which allow us to grow our company while maintaining one of the best balance sheets in the industry."
Daniel Politzer, a top 27% analyst from Wells Fargo maintains CHDN with a strong buy rating and lowers their CHDN price target from $134.00 to $130.00, on Dec 14, 2022.
Omer Sander, a top 49% analyst from JP Morgan initiates coverage on CHDN with a hold rating and announces their CHDN price target of $121.50, on Dec 8, 2022.
You can dive deeper into what analysts are forecasting on the Churchill Downs stock forecast page.
Last year, CHDN earnings were $553.00M. During the last 5 year, CHDN's earnings have gone up by 15.84% per year. This was slower than the Gambling industry average of 125.15%.
Last year, CHDN revenue was $2.01B. In the last five year, CHDN's revenue has increased by 17.26% per year. This was slower than the Gambling industry average of 83.61%.
Learn more about CHDN's earnings and revenue performance here.
Over the last 12 months, executives and large shareholders at CHDN have sold more shares than they have bought.
William E. Mudd, President and COO of CHDN, was the latest CHDN insider to sell. They sold $2,393,133.81 worth of CHDN shares on Mar 3, 2023.
Get more info about who owns CHDN stock here.
Churchill Downs pays a dividend of 0.25%, compared to the Gambling industry's average dividend yield of 1.51%. If you owned $1,000 worth of CHDN stock, you would have received $2.51 in the past year.
Churchill Downs dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Churchill Downs dividend yield and history here.
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