Virginia gaming legislation bullish for Churchill Downs - analyst
Seeking Alpha News (Mon, 15-Apr 8:27 AM ET)
Wells Fargo upgrades Churchill Downs (CHDN) to a Buy
TipRanks (Mon, 15-Apr 6:19 AM ET)
Globe Newswire (Mon, 8-Apr 5:30 PM ET)
Churchill Downs Incorporated Opens Terre Haute Casino Resort in Terre Haute, Indiana
Globe Newswire (Fri, 5-Apr 4:00 PM ET)
Churchill Downs Incorporated 2024 First Quarter Financial Results Conference Call Invitation
Globe Newswire (Thu, 28-Mar 4:00 PM ET)
EXACTA SYSTEMS LIVE AT THE BROOK IN SEABROOK, NEW HAMPSHIRE
PRNewswire (Mon, 4-Mar 4:10 PM ET)
Churchill Downs Incorporated Announces Exacta Expansion in New Hampshire
Globe Newswire (Mon, 4-Mar 4:00 PM ET)
Churchill Downs Incorporated Announces Development Plans for Owensboro Racing & Gaming
Globe Newswire (Wed, 21-Feb 4:08 PM ET)
Globe Newswire (Wed, 21-Feb 4:02 PM ET)
Churchill Downs Incorporated Reports 2023 Fourth Quarter and Full Year Results
Globe Newswire (Wed, 21-Feb 4:01 PM ET)
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The TwinSpires segment includes the revenue and expenses for online horse racing and the online and retail sports betting and iGaming wagering business. The Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
Churchill Downs trades on the NASDAQ stock market under the symbol CHDN.
As of April 18, 2024, CHDN stock price declined to $119.30 with 467,694 million shares trading.
CHDN has a beta of 1.04, meaning it tends to be more sensitive to market movements. CHDN has a correlation of 0.17 to the broad based SPY ETF.
CHDN has a market cap of $8.79 billion. This is considered a Mid Cap stock.
Last quarter Churchill Downs reported $561 million in Revenue and $.86 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.12.
In the last 3 years, CHDN stock traded as high as $150.45 and as low as $86.38.
The top ETF exchange traded funds that CHDN belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.
CHDN has underperformed the market in the last year with a price return of -6.1% while the SPY ETF gained +22.3%. CHDN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.7% and -4.2%, respectively, while the SPY returned +6.1% and -3.8%, respectively.
CHDN support price is $118.73 and resistance is $123.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHDN stock will trade within this expected range on the day.