Churchill Downs Incorporated Stock Today
| CHDN Stock | USD 122.19 1.46 1.21% |
Performance0 of 100
| Odds Of DistressLess than 33
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Churchill Downs is selling at 122.19 as of the 16th of April 2024; that is 1.21 percent up since the beginning of the trading day. The stock's open price was 120.73. Churchill Downs has about a 33 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Churchill Downs Incorporated are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of February 2024 and ending today, the 16th of April 2024. Click here to learn more.
Business Domain Consumer Services | IPO Date 29th of March 1993 | Category Consumer Cyclical | Classification Consumer Discretionary |
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky. Churchill Downs operates under Gambling classification in the United States and is traded on NASDAQ Exchange. The company has 73.69 M outstanding shares of which 1.89 M shares are currently shorted by private and institutional investors with about 3.91 trading days to cover. More on Churchill Downs Incorporated
Moving against Churchill Stock
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Follow Valuation Options Odds of Bankruptcy
Financial Report 24th of April 2024
Churchill Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Churchill Downs' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Churchill Downs or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and Director | William Carstanjen | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Gambling (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Hotels, Restaurants & Leisure, Consumer Services, Consumer Discretionary, NASDAQ Composite, SP Midcap 400, NASDAQ Composite Total, Gambling, Consumer Discretionary, Hotels, Restaurants & Leisure, Gambling, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Churchill Downs report their recommendations after researching Churchill Downs' financial statements, talking to executives and customers, or listening in on Churchill Downs' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Churchill Downs rporated. The Churchill consensus assessment is calculated by taking the average forecast from all of the analysts covering Churchill Downs. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Churchill Downs' liquidity, profitability, solvency, and operating efficiency, Churchill Downs Incorporated is performing exceptionally good at the present time. It has a great chance to report excellent financial results in May. Financial strength of Churchill Downs rporated is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Churchill Downs' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Churchill Downs' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Churchill Downs' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Churchill Downs' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Churchill Downs' financial leverage. It provides some insight into what part of Churchill Downs' total assets is financed by creditors.
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Churchill Downs Incorporated (CHDN) is traded on NASDAQ Exchange in USA. It is located in 600 North Hurstbourne Parkway, Louisville, KY, United States, 40222 and employs 5,660 people. Churchill Downs is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 9 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Churchill Downs's market, we take the total number of its shares issued and multiply it by Churchill Downs's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Churchill Downs rporated conducts business under Hotels, Restaurants & Leisure sector and is part of Consumer Discretionary industry. The entity has 73.69 M outstanding shares of which 1.89 M shares are currently shorted by private and institutional investors with about 3.91 trading days to cover.
Churchill Downs Incorporated currently holds about 110.6 M in cash with 605.8 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.01.
Check Churchill Downs Probability Of Bankruptcy
Ownership AllocationChurchill Downs holds a total of 73.69 Million outstanding shares. The majority of Churchill Downs Incorporated outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Churchill Downs rporated to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Churchill Downs. Please pay attention to any change in the institutional holdings of Churchill Downs Incorporated as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Churchill Ownership Details
Churchill Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Churchill Downs jumping above the current price in 90 days from now is about 31.54%. The Churchill Downs Incorporated probability density function shows the probability of Churchill Downs stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.2743 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Churchill Downs will likely underperform. Additionally, churchill Downs Incorporated has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Churchill Downs to move above the current price in 90 days from now is about 31.54 (This Churchill Downs Incorporated probability density function shows the probability of Churchill Stock to fall within a particular range of prices over 90 days) .
Churchill Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Churchill Downs that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Churchill Downs' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Churchill Downs' value.| Instituion | Recorded On | Shares | |
| Boston Partners Global Investors, Inc | 2023-12-31 | 810.6 K | |
| Jennison Associates Llc | 2023-12-31 | 803.1 K | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 713.1 K | |
| Norges Bank | 2023-12-31 | 697.7 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 666 K | |
| Nitorum Capital, L.p. | 2023-12-31 | 588 K | |
| Hudson Way Capital Management Llc | 2023-12-31 | 575.6 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 532.3 K | |
| Northern Trust Corp | 2023-12-31 | 487.8 K | |
| Capital Research Global Investors | 2023-12-31 | 6.8 M | |
| Vanguard Group Inc | 2023-12-31 | 6.7 M |
Churchill Downs Historical Income Statement
Churchill Downs Incorporated Income Statement is one of the three primary financial statements used for reporting Churchill's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Churchill Downs rporated revenue and expense. Churchill Downs Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Churchill Downs' Operating Income is very stable compared to the past year. As of the 16th of April 2024, EBIT is likely to grow to about 782.9 M, though Discontinued Operations is likely to grow to (104.2 M). View More FundamentalsChurchill Stock Against Markets
Picking the right benchmark for Churchill Downs stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Churchill Downs stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Churchill Downs is critical whether you are bullish or bearish towards Churchill Downs Incorporated at a given time. Please also check how Churchill Downs' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Churchill Downs without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Churchill Downs Corporate Directors
Churchill Downs corporate directors refer to members of a Churchill Downs board of directors. The board of directors generally takes responsibility for the Churchill Downs' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Churchill Downs' board members must vote for the resolution. The Churchill Downs board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Richard Duchossois | Independent Director | Profile | |
| Craig Duchossois | Independent Director | Profile | |
| Karole Lloyd | Director | Profile | |
| Kaitlin Buzzetto | Director Relations | Profile |
How to buy Churchill Stock?
Before investing in Churchill Downs, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Churchill Downs. To buy Churchill Downs stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Churchill Downs. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Churchill Downs stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Churchill Downs Incorporated stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Churchill Downs Incorporated stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Churchill Downs Incorporated, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Churchill Stock please use our How to Invest in Churchill Downs guide.
Already Invested in Churchill Downs Incorporated?
The danger of trading Churchill Downs Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Churchill Downs is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Churchill Downs. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Churchill Downs rporated is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Churchill Downs rporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Churchill Downs rporated information on this page should be used as a complementary analysis to other Churchill Downs' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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When running Churchill Downs' price analysis, check to measure Churchill Downs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Churchill Downs is operating at the current time. Most of Churchill Downs' value examination focuses on studying past and present price action to predict the probability of Churchill Downs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Churchill Downs' price. Additionally, you may evaluate how the addition of Churchill Downs to your portfolios can decrease your overall portfolio volatility.
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Is Churchill Downs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 56.156 | Dividend Share 0.382 | Earnings Share 5.49 | Revenue Per Share 32.735 | Quarterly Revenue Growth 0.169 |
The market value of Churchill Downs rporated is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.