LOUISVILLE, Ky., June 21, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release second quarter 2024 financial results after the market closes on Wednesday, July 24, 2024, and host a related conference call to discuss the quarter on Thursday, July 25, 2024, at 9 a.m. ET.

Fri, Jun. 21, 2024

Churchill Downs Incorporated has grown earnings in a masterly blend of keeping margins high, buying and selling assets with the skills of a great investment manager. Its revenue will hit $3b this year, nowhere near sector leaders, but its stock remains an unsung solid performer producing strong earnings. The company is a blend of stable, capital allocation opportunist outlook combined with savvy every day skill sets in running tracks and casinos.

Mon, Jun. 10, 2024

LOUISVILLE, Ky., May 29, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company," "CDI") announced today that Sam Ullrich has been named Vice President of Investor Relations for the Company. In this role, Ullrich will be responsible for all aspects of investor relations and work closely with current and prospective shareholders and analysts. He will report to Marcia Dall, Executive Vice President and Chief Financial Officer for CDI.

Wed, May. 29, 2024

Private Advisor Group LLC lowered its stake in shares of Churchill Downs Incorporated (NASDAQ:CHDN – Free Report) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,382 shares of the company’s stock after selling 1,254 shares during the quarter. Private Advisor Group LLC’s holdings in Churchill Downs were worth $591,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Churchill Downs by 0.8% during the third quarter. Vanguard Group Inc. now owns 6,689,337 shares of the company’s stock valued at $776,231,000 after purchasing an additional 56,318 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Churchill Downs by 8.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,086,275 shares of the company’s stock valued at $126,051,000 after buying an additional 83,214 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Churchill Downs by 28.9% during the 4th quarter. Jennison Associates LLC now owns 803,074 shares of the company’s stock worth $108,359,000 after buying an additional 179,814 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Churchill Downs by 0.4% in the 3rd quarter. Northern Trust Corp now owns 490,503 shares of the company’s stock worth $56,918,000 after buying an additional 1,873 shares during the last quarter. Finally, Boston Partners bought a new position in shares of Churchill Downs in the third quarter valued at approximately $47,479,000. 82.59% of the stock is owned by hedge funds and other institutional investors. Churchill Downs Stock Down 1.0 % CHDN stock opened at $133.62 on Monday. Churchill Downs Incorporated has a twelve month low of $106.45 and a twelve month high of $145.25. The firm has a market capitalization of $9.82 billion, a PE ratio of 29.76, a PEG ratio of 3.79 and a beta of 0.99. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 5.88. The stock has a 50-day simple moving average of $125.00 and a two-hundred day simple moving average of $123.41. Churchill Downs (NASDAQ:CHDN – Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.78 by $0.35. Churchill Downs had a net margin of 13.72% and a return on equity of 44.99%. The company had revenue of $590.90 million during the quarter, compared to analysts’ expectations of $565.41 million. During the same quarter in the previous year, the company earned $0.98 earnings per share. Churchill Downs’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts predict that Churchill Downs Incorporated will post 5.72 EPS for the current fiscal year. Insider Buying and Selling In other Churchill Downs news, Director Paul C. Varga bought 3,800 shares of Churchill Downs stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average cost of $130.22 per share, for a total transaction of $494,836.00. Following the completion of the transaction, the director now directly owns 28,902 shares in the company, valued at $3,763,618.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.13% of the stock is currently owned by company insiders. Analyst Ratings Changes A number of analysts recently commented on CHDN shares. Mizuho lifted their price target on Churchill Downs from $142.00 to $143.00 and gave the stock a “buy” rating in a report on Friday, April 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $156.00 price target on shares of Churchill Downs in a report on Monday, May 6th. Truist Financial boosted their target price on Churchill Downs from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, April 26th. StockNews.com upgraded Churchill Downs from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Finally, Stifel Nicolaus boosted their price objective on Churchill Downs from $150.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.25. Get Our Latest Stock Analysis on Churchill Downs About Churchill Downs (Free Report) 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. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; and casino gaming.

Mon, May. 20, 2024

Churchill Downs (CHDN) diversifies its product offering along with expanding its footprint with the opening of the Terre Haute Casino Resort.

Thu, May. 16, 2024