Churchill Downs, Inc (NASDAQ: CHDN) is -16.13% lower on its value in year-to-date trading and has touched a low of $111.10 and a high of $150.21 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CHDN stock was last observed hovering at around $113.20 in the last trading session, with the day’s loss setting it -1.2%.
Currently trading at $112.00, the stock is -4.94% and -9.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing -1.06% at the moment leaves the stock -16.75% off its SMA200. CHDN registered -0.06% loss for a year compared to 6-month loss of -19.01%.
The stock witnessed a -7.39% gain in the last 1 month and extending the period to 3 months gives it a -20.15%, and is -5.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.72% over the week and 2.43% over the month.
Churchill Downs, Inc (CHDN) has around 8870 employees, a market worth around $8.24B and $2.73B in sales. Current P/E ratio is 19.72 and Fwd P/E is 15.30. Profit margin for the company is 15.50%. Distance from 52-week low is 0.81% and -25.44% from its 52-week high. The company has generated returns on investments over the last 12 months (7.08%).
with sales reaching $648.82M over the same period.The EPS is expected to grow by 10.31% this year, but quarterly earnings will post 8.00% year-over-year. Quarterly sales are estimated to grow 9.80% in year-over-year returns.
Churchill Downs, Inc (CHDN) Top Institutional Holders
The shares outstanding are 73.50M, and float is at 66.21M with Short Float at 2.04%.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.51 million shares valued at $1.05 billion. The investor’s holdings represent 10.1402% of the CHDN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.62 million shares valued at $924.0 million to account for 8.9324 of the shares outstanding. The other top investors are FMR LLC which holds 3.37 million shares representing 4.5592% and valued at over $470.34 million, while CAPITAL RESEARCH GLOBAL INVESTORS holds 4.226 of the shares totaling 3.12 million with a market value of $435.97 million.
Churchill Downs, Inc (CHDN) Insider Activity
#####
Still, SEC filings show that on Aug 29 ’24, FEALY ROBERT L (Former Director) Proposed Sale 5,121 shares at an average price of $140.65 for $0.72 million. The insider now directly holds shares of Churchill Downs, Inc (CHDN).
