Churchill Downs, Inc (NASDAQ: CHDN) is -31.54% lower on its value in year-to-date trading and has touched a low of $85.58 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 $89.37 in the last trading session, with the day’s gains setting it 2.05%.
Currently trading at $91.42, the stock is -9.24% and -15.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing 2.29% at the moment leaves the stock -29.10% off its SMA200. CHDN registered -29.26% loss for a year compared to 6-month loss of -34.77%. The firm has a 50-day simple moving average (SMA 50) of $108.3082 and a 200-day simple moving average (SMA200) of $128.9407.
The stock witnessed a -17.81% gain in the last 1 month and extending the period to 3 months gives it a -27.38%, and is -11.24% 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 6.33% over the week and 4.44% over the month.
Churchill Downs, Inc (CHDN) has around 8870 employees, a market worth around $6.60B and $2.79B in sales. Current P/E ratio is 16.27 and Fwd P/E is 13.49. Profit margin for the company is 15.04%. Distance from 52-week low is 6.82% and -39.14% from its 52-week high. The company has generated returns on investments over the last 12 months (7.12%).
with sales reaching $930.36M over the same period.The EPS is expected to grow by 3.38% this year, but quarterly earnings will post 6.68% year-over-year. Quarterly sales are estimated to grow 4.45% in year-over-year returns.
Churchill Downs, Inc (CHDN) Top Institutional Holders
568.0 institutions hold shares in Churchill Downs, Inc (CHDN), with institutional investors hold 91.45% of the company’s shares. The shares outstanding are 72.80M, and float is at 65.03M with Short Float at 2.67%. Institutions hold 82.16% of the Float.
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 10.1676% 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 8.9565 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).
