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How to Buy Churchill Downs Stock

Churchill Downs Inc

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 $130.98, down 1.51% from the previous day, and has decreased 3.24% in one year. It has underperformed other stocks in the Gambling industry by 0.15 percentage points. Churchill Downs stock is currently +23.04% from its 52-week low of $106.45, and -8.34% from its 52-week high of $142.90.

As of May 28, 2024, there are 73.5M CHDN shares outstanding. The market cap of CHDN is $9.63B. In the last 24 hours, 487,861 CHDN shares were traded.

How to Buy Churchill Downs Stock

Wondering how to invest in Churchill Downs stock? Here's how.
  1. Figure out where to buy Churchill Downs stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you decide where to buy Churchill Downs stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Select your payment method and add your information.
  4. Research Churchill Downs stock: The Churchill Downs ticker symbol is CHDN. Is Churchill Downs stock a good investment? Should you buy shares of CHDN? How do CHDN's underlying business fundamentals look? Do top analysts think Churchill Downs is a good buy? Why has CHDN's stock price moved recently? (Hint: Our stock research tools can help you decide if CHDN is a good stock to buy).
  5. Place your CHDN purchase: Decide if you will purchase CHDN shares at the current market price or use a limit order to purchase CHDN shares at a specific price.
  6. Keep tabs on your CHDN investment: Create a watchlist to keep track of your new investment in Churchill Downs stock.

Step 1: Figure out where to buy Churchill Downs stock

You need a brokerage account to access the NASDAQ market and buy CHDN stock.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our research, eToro is the best place to buy stocks. eToro gives you:

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Get $10 towards your purchase of shares by creating an account with eToro now.

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Step 2: Create a brokerage account

Now that you've picked the best brokerage, the next step is to fill out some personal details so you can invest in CHDN stock today.

How to Open a New Account on eToro

  1. Click here to get started.
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  2. Enter your personal data to create your new trading account.
  1. Send your data by hitting the "Create Account" button.
  2. Get started with eToro today
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Step 3: Deposit funds into your brokerage account

Now that you have created your account on one of the best stock market apps, your next step is to transfer the money for your investment:

Check out the walkthrough below to see the process of transferring money into your new brokerage account.

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Step 4: Research Churchill Downs stock

Once you have decided on the best place to buy Churchill Downs stock, it's important to research their stock before you buy, so you actually wrap your head around the risk and upside.

Churchill Downs quick stats

CHDN Price
$130.98
1w %
-3.31%
1y %
-3.24%
5y %
172.73%
P/E
28.66x
P/B
11.64x
P/S
3.89x
PEG
0.75x
Revenue
$2.49B
Earnings
$342.00M
Fore. Rev. Growth
9.72%
Fore. Earn. Growth
42.39%
Market Cap
$9.63B
Next Earnings
Jul 24, 2024
Next Dividend
N/A

Churchill Downs Overview

WallStreetZen was created to help average investors do better fundamental analysis quickly.

You can see all of the due diligence checks on CHDN's stock page.

How is CHDN stock valued?

You can use many financial metrics, analyses, models, and charts to gauge CHDN's intrinsic value.

Using relative valuations measures:

  • CHDN could be overvalued based on its P/E ratio of 28.66x, relative to Gambling industry P/E ratio of 2.51x
  • CHDN may be overvalued based on its P/B ratio of 11.64x, relative to Gambling industry P/B ratio of 5.29x
  • CHDN may be undervalued based on its PEG ratio of 0.75x

You can access more valuation analysis on CHDN's stock here.

CHDN Financial Summary

Positive Financial Indicators:

  • CHDN has cash burn of 52700000. It has sufficient cash and short-term investments to cover this for at least one year.
  • CHDN has $222.00M in cash and short term investments. This is enough to cover its annual cash burn of $52.70M.

Negative Financial Indicators:

  • CHDN has a relatively high debt to equity ratio of 7.55.
  • CHDN profit margin has gone down from 27.6% to 13.7% in the past year.
  • There are more long-term liabilities than short-term assets on the CHDN balance sheet.
  • Total CHDN debt is higher than 5 years ago, relative to shareholder equity.
  • There are more short-term liabilities than short-term assets on the CHDN balance sheet.

Is Churchill Downs stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 5 sell side analysts who give recommendations on CHDN, the consensus analyst rating on CHDN is a Strong Buy

It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

You can dig deeper into what analysts are forecasting on the Churchill Downs stock forecast page.

CHDN Momentum

SMA10
134.17
SMA20
134.62
SMA50
127.16
SMA100
123.91
SMA200
121.76
MACD
1.82
MACD Signal
2.7
MACD Histogram
-0.89
RSI
47.46
Stochastic %K
16.91
Stochastic %D
32.46
StochRSI %K
0.42
StochRSI %D
8.61

CHDN Performance Numbers

Last year, CHDN earnings were $342.00M. During the last five year, CHDN's earnings have grown by 15.02% per year. This was faster than the Gambling industry average of -0.01%.

Last year, CHDN revenue was $2.49B. Over the past five year, CHDN's revenue has increased by 18.1% per year. This was slower than the Gambling industry average of 24.35%.

You can analyze CHDN's earnings and revenue performance here.

Are CHDN insiders buying or selling the stock?

In the last year, insiders at CHDN have sold more shares than they have bought.

Paul C. Varga, Director of CHDN, was the latest CHDN insider to buy. They bought $494,836.00 worth of CHDN shares on Apr 29, 2024.

Research more about who owns CHDN shares here.

Does CHDN provide a stable income stream?

Churchill Downs pays a dividend of 0.29%, compared to the Gambling industry's average dividend yield of 1.54%. If you owned $1,000 of CHDN stock, you would have been paid $2.92 in the past year.

Churchill Downs dividend payments have consistently grown over the past decade and have remained stable.

Find more analysis about Churchill Downs dividend yield and history here.

What others are saying about CHDN

One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Place your CHDN purchase

There are two primary options:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually fine.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a specific dollar amount, use a limit order.

Hit the Open Trade button and eToro will place your order.

If you need additional assistance buying stocks on eToro, watch the helpful video below:

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Step 6: Keep tabs on your CHDN investment

Now that you own some CHDN stock, you'll want to stay up-to-date on your new company.

Start a watchlist to track your CHDN stock.

CHDN Feed

How to Buy Stock in Churchill Downs

To summarize, here are the 6 steps you need to take to buy Churchill Downs stock right now:

  1. Figure out where to buy Churchill Downs stock
  2. Create a brokerage account
  3. Deposit funds into your brokerage account
  4. Research Churchill Downs stock
  5. Place your CHDN purchase
  6. Keep tabs on your CHDN investment

If you require a place to buy stocks, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest scoop on your investment in Churchill Downs, add CHDN to your watchlist by clicking the button below.

NASDAQ: CHDN
$130.98-2.01 (-1.51%)
Updated May 28, 2024
Open eToro Account
NASDAQ: CHDN
$130.98-2.01 (-1.51%)
Updated May 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Churchill Downs share?

As of May 28, 2024, it costs $130.98 to buy one share of Churchill Downs stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.076 shares of CHDN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Churchill Downs stock?

According to 5 Wall Street analysts who monitor Churchill Downs, their consensus recommendation is to buy Churchill Downs stock.

What is the best way to buy Churchill Downs stock?

One way to place an order for Churchill Downs stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.