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 $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.
How to Buy Churchill Downs Stock
Wondering how to invest in Churchill Downs stock? Here's how.
- Figure out where to buy Churchill Downs stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Churchill Downs stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Pick your payment method and add your details.
- 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 market research tools can help you decide if CHDN is a good stock to buy).
- Place your CHDN purchase: Decide if you will purchase CHDN shares at the current market price or use a limit order to purchase CHDN stock at a particular price.
- Keep tabs on your CHDN investment: Create a watchlist to keep tabs on 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.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. eToro gives you:
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Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal details so you can buy CHDN stock today.
How to Start a New Account on eToro
- Click here to get started.
- Enter your personal data to open your new brokerage account.
- Submit your application by pressing the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on app for stock market, you can securely and quickly fund your account:
Check out the tutorial below to see the process of depositing funds into your brokerage account.
Step 4: Research Churchill Downs stock
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.
Churchill Downs stock data
Churchill Downs Overview
WallStreetZen was built to help average investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on CHDN's stock page.
What is the fair value of CHDN stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CHDN's true value.
Using relative valuations metrics:
- CHDN may be overvalued based on its P/E ratio of 19.45x, relative to Gambling industry P/E ratio of 4.36x
- CHDN could be overvalued based on its P/B ratio of 15.12x, relative to Gambling industry P/B ratio of 8.77x
- CHDN may be overvalued based on its PEG ratio of 3.46x
You can do additional valuation research on CHDN's stock here.
A quick look at CHDN Financials
Positive Financial Indicators:
- CHDN profit margin has gone up from 15.6% to 27.6% in the past year.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the CHDN balance sheet.
- There are more short-term liabilities than short-term assets on the CHDN balance sheet.
- CHDN earnings of $949.80M is not sufficient to cover its interest payments.
- Total CHDN debt is higher than 5 years ago, relative to shareholder equity.
- CHDN has a relatively high debt to equity ratio of 7.91.
- CHDN's operating cash flow of $591.50M allows it to safely service it's debt of $4.42B.
Is CHDN stock a Buy, Hold, or Sell, according to analysts?
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.
Most Recent CHDN Analyst Forecasts
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:
- EPS $1.46, which missed the Zacks Consensus Estimate of $1.66 but beat, by 15%, Q4 2021's $1.27.
- Revenue of $480.1M, which beat both the Zacks Consensus Estimate by 1.02% and, by 31.6%, Q4 2021's $364.8M.
- EBITDA of $180.7M which beat, by 42.4%, Q4 2021's $127M.
For FY 2022:
- EPS of $8.05 which beat, by 17.9%, FY 2021's $6.83.
- Revenue of $1.809B which beat, by 13.3%, FY 2021's $1.597B.
- EBITDA of $763.6M which beat, by 22%, Q4 2021's $627.0M.
For FY 2023, management guided:
- EBITDA of $10M to $15M.
- Maintenance capital expenditure of $75M to $95M.
- Project capital expenditure of $575M to $675M.
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.
CHDN Momentum
CHDN Performance Numbers
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.
Are CHDN executives and large shareholders buying or selling the stock?
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.
Can I get consistent income from CHDN stock?
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.
What do other traders have to say about CHDN?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your CHDN purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, use a limit order.
Click the Open button and eToro will execute your order.
If you require more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your CHDN investment
Now that you own some shares in CHDN, you'll want to stay up-to-date on your investment.
Make a watchlist to get alerted to the latest events about your CHDN stock.
CHDN Feed
How to Buy Stock in Churchill Downs
To reiterate, here are the 6 steps to buy stock in Churchill Downs:
- Figure out where to buy Churchill Downs stock
- Create a brokerage account
- Deposit funds into your brokerage account
- Research Churchill Downs stock
- Place your CHDN purchase
- Keep tabs on your CHDN investment
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Churchill Downs, get started below.
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