CHDN - Churchill Downs Incorporated

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
126.51
+0.05 (+0.04%)
At close: 4:00PM EST
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Previous Close126.46
Open127.27
Bid110.00 x 1400
Ask143.00 x 800
Day's Range125.39 - 127.32
52 Week Range74.58 - 135.32
Volume171,900
Avg. Volume255,767
Market Cap5.039B
Beta (3Y Monthly)1.21
PE Ratio (TTM)35.53
EPS (TTM)3.56
Earnings DateOct 30, 2019
Forward Dividend & Yield0.58 (0.46%)
Ex-Dividend Date2019-12-05
1y Target Est149.33
  • Thomson Reuters StreetEvents

    Edited Transcript of CHDN earnings conference call or presentation 31-Oct-19 1:00pm GMT

    Q3 2019 Churchill Downs Inc Earnings Call

  • Most Admired CEOs: Bill Carstanjen
    American City Business Journals

    Most Admired CEOs: Bill Carstanjen

    Bill Carstanjen, chief executive officer, Churchill Downs Inc. Hometown: U.S. military installations Lives: Prospect, Ky. Hobbies: I have five kids. Number of Louisville-area employees for the company: Approximately 2,500, although we flex up to more than 12,000 at Churchill Downs Race Track for the Kentucky Derby. Home of the Kentucky Derby and Churchill Downs Race Track, CDI is a leading racing, gaming and entertainment company with eight race tracks, 11 casinos and a leading national online wagering division.

  • GlobeNewswire

    Churchill Downs Incorporated Launches Retail Sportsbook in Indiana

    Churchill Downs Incorporated (“CDI”) (CHDN) announced that it launched its BetAmerica retail sportsbook at Rising Star Casino Resort in Rising Sun, Indiana. BetAmerica’s retail sportsbook offers players the opportunity to bet on a diverse array of global sporting events, including professional and collegiate sports in the U.S. The 3,000-square-foot BetAmerica sportsbook broadcasts games on more than 30 television screens, and players can wager at 16 automated betting kiosks or at a window with sportsbook staff.

  • Karole Lloyd Is The Independent Director of Churchill Downs Incorporated (NASDAQ:CHDN) And They Just Spent US$123k On Shares
    Simply Wall St.

    Karole Lloyd Is The Independent Director of Churchill Downs Incorporated (NASDAQ:CHDN) And They Just Spent US$123k On Shares

    Investors who take an interest in Churchill Downs Incorporated (NASDAQ:CHDN) should definitely note that the...

  • New Strong Sell Stocks for November 4th
    Zacks

    New Strong Sell Stocks for November 4th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

  • Churchill Downs projects in Kentucky, Ohio now top $700 million
    American City Business Journals

    Churchill Downs projects in Kentucky, Ohio now top $700 million

    The company announced a $300 million hotel and gaming venue project at its Louisville racetrack earlier this week.

  • Churchill Downs (CHDN) Q3 Earnings and Revenues Top Estimates
    Zacks

    Churchill Downs (CHDN) Q3 Earnings and Revenues Top Estimates

    Churchill Downs (CHDN) delivered earnings and revenue surprises of 3.77% and 1.98%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Churchill Downs reveals details of a massive renovation project, which includes a hotel
    American City Business Journals

    Churchill Downs reveals details of a massive renovation project, which includes a hotel

    Churchill Downs Racetrack on Wednesday announced details of a $300 million renovation project that promises to "transform the first turn of the 190-acre facility and provide guests ... never-before imagined Kentucky Derby experiences," according to a news release. The release also touts new VIP guest experiences, including the construction of permanent stadium seating, a hotel and historical racing machine (HRM) facility in the first turn at the racetrack, as well as a renovation project at Millionaires Row. "Derby Week guests can wake up to a sunrise view as horses breeze around the track and then have their Kentucky Derby in their suite,” Kevin Flanery, president of Churchill Downs Racetrack, said in the release.

  • GlobeNewswire

    Churchill Downs Incorporated Reports 2019 Third Quarter Results

    LOUISVILLE, Ky., Oct. 30, 2019 -- Churchill Downs Incorporated (Nasdaq: CHDN) ("CDI" or "the Company") today reported business results for the third quarter ended September 30,.

  • GlobeNewswire

    Churchill Downs to Invest $300 Million in New Stadium Seating, a Hotel and HRM Facility

    Churchill Downs Incorporated (“CDI”) (CHDN) announced plans to invest $300 million to build a hotel and historical racing machine (“HRM”) facility and permanent stadium seating at Churchill Downs Racetrack (“Churchill Downs”), the home of The Kentucky Derby. Pending final approval of a Kentucky Tourism Development Act incentive, construction would begin in December 2019 and is targeted to be completed in November 2021. The development will transform the area alongside the track at the first turn providing unparalleled VIP guest experiences.

  • GlobeNewswire

    Churchill Downs Investing $11 Million to Create a Premium Upscale Experience for the 146th Kentucky Derby

    LOUISVILLE, Ky., Oct. 30, 2019 -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today that it will invest $11 million to create a premium upscale experience on.

  • GlobeNewswire

    Miami Valley Gaming Announces $100 Million Expansion To Build a Hotel, Parking Garage and Expanded Gaming Floor

    LEBANON, Ohio, Oct. 30, 2019 -- Churchill Downs Incorporated (Nasdaq: CHDN) announced today that Miami Valley Gaming & Racing, LLC (“MVG”), its joint venture racino with.

  • Churchill Downs (NASDAQ:CHDN) Shareholders Have Enjoyed An Impressive 293% Share Price Gain
    Simply Wall St.

    Churchill Downs (NASDAQ:CHDN) Shareholders Have Enjoyed An Impressive 293% Share Price Gain

    When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far...

  • Churchill Downs (CHDN) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Churchill Downs (CHDN) Reports Next Week: Wall Street Expects Earnings Growth

    Churchill Downs (CHDN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Did Hedge Funds Drop The Ball On Churchill Downs Incorporated (CHDN) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Churchill Downs Incorporated (CHDN) ?

    Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]

  • Louisville Thoroughbred Society taking shape downtown
    American City Business Journals

    Louisville Thoroughbred Society taking shape downtown

    Business First got an early look at the Louisville Thoroughbred Society's construction site on Main St.

  • Are Investors Undervaluing Churchill Downs Incorporated (NASDAQ:CHDN) By 23%?
    Simply Wall St.

    Are Investors Undervaluing Churchill Downs Incorporated (NASDAQ:CHDN) By 23%?

    Does the October share price for Churchill Downs Incorporated (NASDAQ:CHDN) reflect what it's really worth? Today, we...

  • GlobeNewswire

    Churchill Downs Incorporated 2019 Third Quarter Financial Results Conference Call Invitation

    LOUISVILLE, Ky., Oct. 10, 2019 -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release third quarter 2019 financial results after.

  • GlobeNewswire

    Churchill Downs Incorporated Completes Acquisition of Turfway Park

    LOUISVILLE, Ky., Oct. 09, 2019 -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that, through its wholly-owned subsidiary NKYRG, LLC, it.

  • Churchill Downs, IBD Stock Of The Day, Is Racing Toward New Buy Point
    Investor's Business Daily

    Churchill Downs, IBD Stock Of The Day, Is Racing Toward New Buy Point

    Churchill Downs is nearing a new buy point with its relative strength line racing to new highs. The racetrack and casino operator is IBD Stock Of The Day.

  • Churchill Downs to buy major Kentucky horse track
    American City Business Journals

    Churchill Downs to buy major Kentucky horse track

    Churchill Downs Inc. (Nasdaq: CHDN) has scrapped plans for an approximately $200 million horse racing and gaming venue in Northern Kentucky to instead purchase a staple in the Cincinnati-area horse racing community.  The Louisville-based horse racing, gaming and casino company said Thursday that it has entered a definitive agreement to purchase Turfway Park in Florence, Ky., from Ohio LLC, an affiliate of JACK Entertainment LLC and Hard Rock International for $46 million in cash. The closing also requires approval from the Kentucky Horse Racing Commission.

  • Churchill Downs Incorporated Announces Agreement to Acquire Turfway Park
    Globenewswire Test

    Churchill Downs Incorporated Announces Agreement to Acquire Turfway Park

    Existing Grandstand Will Be Demolished to Make Way for a New State-of-the-Art Facility New Turfway Park Historical racing machine facilityLOUISVILLE, Ky., Oct. 03, 2019 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that, through its wholly-owned subsidiary NKYRG, LLC (“NKYRG”), it has signed a definitive agreement to acquire Turfway Park in Florence, Kentucky from Jack Ohio LLC, an affiliate of JACK Entertainment LLC (“JACK”) and Hard Rock International for total consideration of $46 million in cash, subject to certain working capital and other purchase price adjustments.  The closing of the transaction is contingent upon approval by the Kentucky Horse Racing Commission (“KHRC”). The KHRC has scheduled a meeting for October 8th and, if the change of control is approved, the parties expect to close the transaction shortly thereafter.Subject to KHRC approval, the 2019-2020 winter Thoroughbred racing meet at Turfway Park will be conducted on racing dates previously awarded to Turfway Park for December 2019 and in accordance with the schedule of racing dates submitted by JACK to the KHRC for 2020. Upon receiving approval for the change of control, CDI will not pursue its previously announced New Latonia Racing & Gaming project in northern Kentucky and will withdraw its New Latonia race dates application with the KHRC.Immediately after closing, CDI will commence planning for the demolition of the existing grandstand after the 2019-2020 meet, making way for development of Turfway Park Racing & Gaming (“New Turfway Park”), an up to $150 million (including today’s announced purchase price) state-of-the art live and historical Thoroughbred racing facility.“We are thrilled to welcome Turfway Park to the Churchill Downs racing family,” said Kevin Flanery, President of Churchill Downs Race Track. “Our team is poised to restore Turfway to its former glory, anchored by northern Kentucky’s first historical racing machine facility. The result will be a first-class racing product fueled by increased purses that keeps high-quality horses in Kentucky year-round and appeals to horseplayers nationwide.”New Turfway Park is anticipated to support up to 400 direct full and part time equivalent positions and create an estimated 800 direct construction jobs. The project will include a historical racing machine facility featuring up to 1,500 machines, a state-of-the-art clubhouse, food/beverage venues and a new inner dirt track to complement the existing one-mile synthetic main race track.The transaction is structured as an acquisition of all of the outstanding equity of Turfway Park, LLC and the $46 million acquisition price will be funded with cash from CDI’s balance sheet. Of this amount, $36 million (subject to certain working capital and other adjustments) will be paid to JACK and will be capitalized on CDI’s balance sheet.  The remaining $10 million will be paid to Hard Rock and will be expensed.About Churchill Downs Incorporated Churchill Downs Incorporated ("CDI") (Nasdaq: CHDN), headquartered in Louisville, Ky., is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event - The Kentucky Derby. We own and operate Derby City Gaming, a historical racing machine facility in Louisville. We also own and operate the largest online horseracing wagering platform in the U.S., TwinSpires.com, and are a leader in brick-and-mortar casino gaming with approximately 11,000 slot machines / video lottery terminals and 200 table games in eight states. We also operate sports wagering and iGaming through our BetAmerica platform in multiple states. Additional information about CDI can be found online at www.churchilldownsincorporated.com.Information set forth in this news release contains various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), which provides certain “safe harbor” provisions. All forward-looking statements made in this presentation are made pursuant to the Act. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently.Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from expectations include the following: the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; public perceptions or lack of confidence in the integrity of our business; loss of key or highly skilled personnel; restrictions in our debt facilities limiting our flexibility to operate our business; general risks related to real estate ownership, including fluctuations in market values and environmental regulations; catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches; inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; increases in insurance costs and inability to obtain similar insurance coverage in the future; inability to identify and complete acquisition, expansion or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; number of people attending and wagering on live horse races; inability to respond to rapid technological changes in a timely manner; inadvertent infringement of the intellectual property of others; inability to protect our own intellectual property rights; payment-related risks, such as risk associated with fraudulent credit card and debit card use; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; work stoppages and labor issues; difficulty in attracting a sufficient number of horses and trainers for full field horseraces; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; personal injury litigation related to injuries occurring at our racetracks; our inability to utilize and provide totalisator services; weather conditions affecting our ability to conduct live racing; increased competition in the horseracing business; changes in the regulatory environment of our racing operations; changes in regulatory environment of our online horseracing business; increase in competition in our online horseracing; uncertainty and changes in the legal landscape relating to our online wagering business; legalization of online sports betting and iGaming in the United States and our ability to predict and capitalize on any such legalization; inability to expand our sports betting operations and effectively compete; failure to comply with laws requiring us to block access to certain individuals could result in penalties or impairment with respect to our mobile and online wagering products; increased competition in our casino business; changes in regulatory environment of our casino business; costs, delays, and other uncertainties relating to the  development and expansion of casinos; and concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs.Contact: Nick Zangari (502) 394-1157 Nick Zangari@kyderby.comA photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/9e75d4f1-8822-440f-8ac3-b87614e54481

  • Boasting A 34% Return On Equity, Is Churchill Downs Incorporated (NASDAQ:CHDN) A Top Quality Stock?
    Simply Wall St.

    Boasting A 34% Return On Equity, Is Churchill Downs Incorporated (NASDAQ:CHDN) A Top Quality Stock?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • GlobeNewswire

    Rivers Casino Waukegan Offers the Most Tax Revenue Plus $90 Million For Local Charities

    At last week’s Waukegan City Council Special Meeting the developer, operator and owners of the state’s most successful casino, Rivers Casino Des Plaines, shared their vision for generating as much as $5 million more per year for the city of Waukegan and other local communities than other bidders. The Rivers Casino Waukegan team also committed to donating two percent of pre-tax income back to the community through ongoing charitable contributions, which they estimate will be $1 million annually at the beginning.