CHDN - Churchill Downs Incorporated

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
89.26
+1.76 (+2.01%)
As of 2:00PM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close87.50
Open94.55
Bid88.21 x 900
Ask89.08 x 1300
Day's Range87.80 - 94.55
52 Week Range52.90 - 167.53
Volume445,488
Avg. Volume415,733
Market Cap3.531B
Beta (5Y Monthly)1.30
PE Ratio (TTM)26.40
EPS (TTM)3.38
Earnings DateApr 21, 2020 - Apr 26, 2020
Forward Dividend & Yield0.58 (0.66%)
Ex-Dividend DateDec 04, 2019
1y Target Est131.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
25% Est. Return
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  • GlobeNewswire

    Churchill Downs Incorporated Announces that the 2020 Annual Meeting of Shareholders Will be Held in Virtual Format

    Churchill Downs Incorporated (“the Company”) (CHDN) announced today that the 2020 Annual Meeting of Shareholders (the “Annual Meeting”) will be held virtually due to the public health impact of the novel coronavirus outbreak (COVID-19) and to support the health and well-being of the Company’s management and shareholders. During the registration process, shareholders will be able to submit questions and upon completion, will receive an email with a link to access the virtual meeting site and information regarding voting during the meeting. A notice regarding this change to a virtual meeting format (the “Notice”) is being filed with the Securities and Exchange Commission together with this press release.

  • The Race Must Go On! Just Not Now
    Investor's Business Daily

    The Race Must Go On! Just Not Now

    A Relative Strength Rating upgrade for Churchill Downs shows improving technical performance. Will it continue?

  • Hedge Funds Have Never Been This Bullish On Churchill Downs Incorporated (CHDN)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Churchill Downs Incorporated (CHDN)

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • Churchill Downs temporarily furloughing workers, reducing salaries during coronavirus outbreak
    American City Business Journals

    Churchill Downs temporarily furloughing workers, reducing salaries during coronavirus outbreak

    Churchill Downs Inc. said Thursday that it will temporarily furlough workers at many of its facilities. The news comes via a filing with the U.S. Securities and Exchange Commission. The temporary furloughs begin immediately and will impact Churchill Downs-owned properties across the country, including Derby City Gaming, the company’s historical race wagering facility in Louisville.

  • GlobeNewswire

    Churchill Downs Incorporated Announces Temporary Employee Furloughs at Certain Properties

    LOUISVILLE, Ky., March 25, 2020 -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today the temporary furlough of employees at certain.

  • Moody's

    Churchill Downs Incorporated -- Moody's downgrades Churchill Downs, Inc's CFR to Ba3 from Ba2; outlook negative

    Moody's Investors Service today downgraded Churchill Downs Incorporated's ("Churchill") Corporate Family Rating ("CFR") to Ba3 from Ba2. Moody's also downgraded the Speculative Grade Liquidity rating to SGL-2 from SGL-1. On March 17, 2020, Churchill announced the rescheduling of the 146th Kentucky Oaks and Kentucky Derby.

  • GlobeNewswire

    Churchill Downs Incorporated Announces Temporary Suspension of Racing at Certain Properties

    LOUISVILLE, Ky., March 23, 2020 -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today the temporary suspension of live racing at Miami Valley Raceway at Miami.

  • Thomson Reuters StreetEvents

    Edited Transcript of CHDN earnings conference call or presentation 27-Feb-20 2:00pm GMT

    Q4 2019 Churchill Downs Inc Earnings Call

  • GlobeNewswire

    Churchill Downs Incorporated Announces Approval Received for the 146th Kentucky Derby to be Rescheduled to September 5, 2020

    LOUISVILLE, Ky., March 20, 2020 -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced unanimous approval by the Kentucky Horse Racing Commission.

  • Churchill Downs CEO talks about the strategy behind postponing the Kentucky Derby
    American City Business Journals

    Churchill Downs CEO talks about the strategy behind postponing the Kentucky Derby

    Churchill Downs Inc. CEO Bill Carstanjen said Tuesday that moving the Kentucky Derby was a difficult and unfortunate decision but also a necessary one as the country tries to clamp down on the spread of the COVID-19 coronavirus. The Preakness is scheduled for May 16 while The Belmont Stakes wraps up the Triple Crown on June 6. Carstanjen confirmed during a conference call that the Derby will move from May 2 to Sept. 5 while Oaks will be held the day before on Sept. 4.

  • MarketWatch

    Kentucky Derby to be rescheduled to Sept. 5

    Churchill Downs Inc. said Tuesday that it has rescheduled the 146th Kentucky Derby to Sept. 5, 2020, from an initial data of May 2. The racing, betting and gaming entertainment company said the rescheduled date was contingent on approval from the Kentucky Horse Racing Commission, which it expects to receive on March 19. The stock edged up 0.2% in morning trading. The company also said the 146th Kentucky Oaks will be rescheduled to Sept. 4 from May 1. "Throughout the rapid development of the COVID-19 pandemic, our first priority has been how to best protect the safety and health of our guests, team members and community," said Chief Executive Bill Carstanjen. "As the situation evolved, we reached the difficult conclusion that we needed to reschedule. At no point did we ever consider canceling the Kentucky Derby." The stock has plunged 53.4% over the past month, while the S&P 500 has lost 28.0%.

  • GlobeNewswire

    Churchill Downs Incorporated Announces the Rescheduling of the 146th Kentucky Derby from May 2, 2020 to September 5, 2020

    Churchill Downs Incorporated (“CDI” or “the Company”) (CHDN) announced today its decision to reschedule the 146th Longines Kentucky Oaks and Kentucky Derby Presented by Woodford Reserve. The 146th Kentucky Derby will be rescheduled from May 2, 2020 to September 5, 2020 and the 146th Kentucky Oaks will be rescheduled from May 1, 2020 to September 4, 2020.

  • Kentucky Derby Postponed For First Time Since World War II Due To Coronavirus
    Benzinga

    Kentucky Derby Postponed For First Time Since World War II Due To Coronavirus

    Churchill Downs, Inc. (NASDAQ: CHDN) has postponed the iconic horse race, Kentucky Derby, for the first time since 1945 due to the coronavirus pandemic.What Happened The Run for the Roses, which is usually held on the first Saturday in May each year, will not take place this year, as usual, ESPN reported citing sources. The sports network said that the event is being moved to September 5. The last time the horse race was postponed was in World War II when it took place in June. Why It Matters The Kentucky Derby is the most prestigious horse race in the U.S. The Churchill Downs racetrack explained on its website, "The safety and health of our guests, team members and participants remains our primary concern." The racetrack said they were monitoring COVID-19 developments with "steadfast vigilance."Churchill Downs owns the historic racetracks founded in 1875 that host the Kentucky Derby. It also operates Arlington Park, the Calder Race Course, the Fair Grounds Race Course, and the Trackside Off-Track Betting Facilities. In 2019, the Kentucky Derby saw record bets placed worth $165.5 million. The event is attended by a crowd of 150,000 people each year, which is more than the Super Bowl, the World Series, or the NCAA Final Four, according to the Racetrack.What Else A number of events have been canceled due to COVID-19. The Boston Marathon will no longer take place on April 20, and the 2020 Masters Tournament has been put off till further notice. A full list of event cancelations is available on Benzinga.Price Action Churchill Downs shares traded 0.66% lower at $75 in the after-hours session on Monday. The shares had closed the regular session 18.62% lower at $75.50.See more from Benzinga * Roche Receives FDA Emergency Approval To Ship 400,000 Coronavirus Test Kits Across US * Health Care Dominates Sanders-Biden Debate, Promises Of Female Vice President Made * Google Trends During Pandemic: How To Make Hand Sanitizer, If Trump's Infected, Symptoms, And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Churchill Downs postpones the Kentucky Derby. Here's the new date
    American City Business Journals

    Churchill Downs postpones the Kentucky Derby. Here's the new date

    The move was expected as American sports have been suspended during the past week. This will shift an estimated $400 million local economic impact to later in the year.

  • GlobeNewswire

    Churchill Downs Incorporated Announces Temporary Suspension of Operations at Mississippi Properties

    In addition to the previously announced actions, Riverwalk Casino Hotel in Vicksburg, Mississippi and Harlow’s Casino Resort & Spa in Greenville, Mississippi will temporarily suspend operations by 11:59 p.m. ET on March 16, 2020. There have been no known cases of COVID-19 at any of these properties and all CDI properties have been and will continue to work closely and cooperatively with the state and local authorities in each state where we operate.

  • GlobeNewswire

    Churchill Downs Incorporated Announces Temporary Suspension or Modification of Operations at Certain Properties

    LOUISVILLE, Ky., March 16, 2020 -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today the temporary suspension of operations at certain of its properties as a.

  • GlobeNewswire

    Churchill Downs Incorporated to Make Announcement Regarding the Timing of the 146th Kentucky Derby on March 17th

    LOUISVILLE Ky., March 16, 2020 -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that the Company will make an announcement regarding the.

  • GlobeNewswire

    Churchill Downs Incorporated Announces Extension and Reduction in Funding Costs for its $700 million Revolving Credit Facility

    Churchill Downs Incorporated (CHDN:Nasdaq) (CDI or the Company) announced today the closing of an amendment to its Credit Agreement to extend the maturity and to lower the upper limit of the applied spreads for loans under its $700 million Senior Secured Revolving Credit Facility (“Revolving Credit Facility”). The amendment extends the maturity for the Revolving Credit Facility from December 27, 2022 to September 27, 2024. The amendment also lowers the upper limit of the applied spreads for loans under the Revolving Credit Facility from 2.25% to 1.75% and for commitment fees from 0.35% to 0.30%.

  • Churchill Downs, Keeneland announce coronavirus responses
    American City Business Journals

    Churchill Downs, Keeneland announce coronavirus responses

    Both Kentucky racetracks are making changes, though a big announcement is still anticipated on Kentucky Derby.

  • GlobeNewswire

    Fair Grounds Race Course to Run Races Spectator-Free Effective Immediately

    Churchill Downs Incorporated (“CDI”) (CHDN) announced today amid public health concerns regarding COVID-19, all live races beginning immediately through the remainder of the racing meet ending March 29 will be conducted spectator-free with only essential staff, credentialed horsemen and media in attendance. The Louisiana Derby at Fair Grounds Race Course will run as scheduled on Saturday, March 21 under the same spectator restrictions. Pari-mutuel wagering will also be closed to the public at Fair Grounds through the remainder of the meet.

  • Could the Kentucky Derby happen later this year?
    American City Business Journals

    Could the Kentucky Derby happen later this year?

    The Kentucky Derby Festival, meanwhile, has postponed some events on its calendar in March and early April.

  • GlobeNewswire

    Turfway Park to Hold Jeff Ruby Steaks and Remaining Races Spectator-Free 

    Churchill Downs Incorporated (“CDI”) (CHDN) announced today that the Jeff Ruby Steaks race at Turfway Park will run as scheduled this Saturday, March 14. Daily simulcasting will also be closed through the remainder of the Winter/Spring Meet. The cold temperatures and wet conditions forecasted for Saturday would force spectators to indoor facilities at Turfway Park.

  • After a spike in 2018, Churchill Downs execs saw compensation decrease last year
    American City Business Journals

    After a spike in 2018, Churchill Downs execs saw compensation decrease last year

    The top two executives at Louisville-based Churchill Downs Inc. saw significant decreases in their compensation last year after a spike in 2018. The total compensation for CEO Bill Carstanjen decreased by roughly 50% while president and chief operating officer Bill Mudd saw his total compensation decrease by almost 54% from 2018 totals, according to the company’s proxy statement filed this week with the U.S. Securities and Exchange Commission. Carstanjen’s total compensation decreased to $10.6 million from $21.1 million, according to the proxy statement.

  • A Sliding Share Price Has Us Looking At Churchill Downs Incorporated's (NASDAQ:CHDN) P/E Ratio
    Simply Wall St.

    A Sliding Share Price Has Us Looking At Churchill Downs Incorporated's (NASDAQ:CHDN) P/E Ratio

    Unfortunately for some shareholders, the Churchill Downs (NASDAQ:CHDN) share price has dived 32% in the last thirty...

  • GlobeNewswire

    BetRivers Sportsbook Opens at Rivers Casino Des Plaines

    LOUISVILLE, Ky., March 09, 2020 -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) and Rush Street Gaming announced today that BetRivers Sportsbook opened at their joint.