Churchill Downs Incorporated, the parent company of the famous Kentucky Derby, has a stock symbol of CHDN on the NASDAQ exchange.
The company's stock has a market capitalization of around $3.5 billion.
Churchill Downs has a long history of hosting the Kentucky Derby, which is one of the most prestigious horse racing events in the world.
The company's stock price has fluctuated over the years, with a high of around $350 per share in 2019.
Historically, Churchill Downs' stock price has been influenced by factors such as the success of the Kentucky Derby and other racing events, as well as changes in the gaming industry.
Stock Price History
Churchill Downs stock has a rich history, and understanding its past performance can help you make informed investment decisions.
Churchill Downs Incorporated, the parent company of the famous Kentucky Derby, went public in 2011 with an initial public offering (IPO) price of $17.50 per share.
The stock has had its fair share of ups and downs over the years, with a 52-week high of $144.10 and a 52-week low of $77.90.
In 2013, the company acquired Hoosier Park Racing and Casino, a racino in Indiana, for $176 million.
Churchill Downs stock has consistently paid dividends to its shareholders since 2012, with a current dividend yield of 2.5%.
The company's revenue has been steadily increasing over the years, with a peak of $1.4 billion in 2020.
Churchill Downs Overview
Churchill Downs operates as a racing, online wagering, and gaming entertainment company in the United States.
Their valuation is on par with the best, with a Snowflake Score of 6/6. This suggests that investors are willing to pay a premium for their stock.
Churchill Downs' future growth prospects are uncertain, with a Snowflake Score of 3/6. This may be a concern for investors looking for long-term growth.
The company's financial health is a major red flag, with a Snowflake Score of 0/6. This could indicate underlying issues with their financial management.
Churchill Downs does not offer dividends, which may be a drawback for investors seeking regular income.
Frequently Asked Questions
Is Churchill Downs a good stock to buy?
Churchill Downs has a Strong Buy consensus rating from 9 Wall Street analysts, with an average price target of $164.40. Considering this positive analyst sentiment, Churchill Downs may be a promising stock to consider for investment.
What companies does Churchill Downs own?
Churchill Downs owns several casinos, including Calder Casino in Miami Gardens, Florida, and Derby City Gaming in Louisville, Kentucky, in addition to its flagship property in Louisville. Churchill Downs also operates Colonial Downs in New Kent County, Virginia, and Del Lago Resort and Casino in Tyre, New York.
What is the net worth of Churchill Downs Incorporated?
Churchill Downs Incorporated has a net worth of $9.75 billion as of December 27, 2024. Its net worth has grown by 1.52% over the past year.
Sources
- https://www.morningstar.ca/ca/report/stocks/financials.aspx
- https://www.macrotrends.net/stocks/charts/CHDN/churchill-downs/stock-price-history
- https://www.gurufocus.com/stock/CHDN/summary
- https://www.zacks.com/stock/quote/CHDN
- https://simplywall.st/stocks/us/consumer-services/nasdaq-chdn/churchill-downs
Featured Images: pexels.com
