Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $126.89 in the prior trading day, Churchill Downs, Inc (NASDAQ: CHDN) closed at $124.57, down -1.83%. In other words, the price has decreased by -$1.83 from its previous closing price. On the day, 1.27 million shares were traded. CHDN stock price reached its highest trading level at $127.255 during the session, while it also had its lowest trading level at $124.05.
Ratios:
Our goal is to gain a better understanding of CHDN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 60.39. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 0.55. In the meantime, Its Debt-to-Equity ratio is 4.41 whereas as Long-Term Debt/Eq ratio is at 4.35.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on August 12, 2024, Upgraded its rating to Buy and sets its target price to $155 from $145 previously.
On April 15, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $137 to $141.
On March 26, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $142.Mizuho initiated its Buy rating on March 26, 2024, with a $142 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 23 ’24 when FEALY ROBERT L bought 1,000 shares for $137.14 per share.
FEALY ROBERT L bought 4,879 shares of CHDN for $683,060 on Sep 09 ’24. On Aug 29 ’24, another insider, FEALY ROBERT L, who serves as the Former Director of the company, bought 5,121 shares for $140.65 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CHDN now has a Market Capitalization of 9155484672 and an Enterprise Value of 13937589248. As of this moment, Churchill’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.67, and their Forward P/E ratio for the next fiscal year is 18.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.43 while its Price-to-Book (P/B) ratio in mrq is 8.35. Its current Enterprise Value per Revenue stands at 5.218 whereas that against EBITDA is 15.914.
Stock Price History:
The Beta on a monthly basis for CHDN is 0.96, which has changed by -0.0047139525 over the last 52 weeks, in comparison to a change of 0.22677135 over the same period for the S&P500. Over the past 52 weeks, CHDN has reached a high of $150.21, while it has fallen to a 52-week low of $111.10. The 50-Day Moving Average of the stock is -8.78%, while the 200-Day Moving Average is calculated to be -8.27%.
Shares Statistics:
The stock has traded on average 440.68K shares per day over the past 3-months and 496620 shares per day over the last 10 days, according to various share statistics. A total of 73.50M shares are outstanding, with a floating share count of 66.17M. Insiders hold about 9.96% of the company’s shares, while institutions hold 77.42% stake in the company. Shares short for CHDN as of 1735603200 were 1467055 with a Short Ratio of 3.33, compared to 1732838400 on 1395695. Therefore, it implies a Short% of Shares Outstanding of 1467055 and a Short% of Float of 2.1.
Dividends & Splits
In the trailing 12 months, CHDN’s forward annual dividend rate was 0.382, compared to 0.41 this year. Against a Trailing Annual Dividend Yield of 0.0030104816The stock’s 5-year Average Dividend Yield is 0.32. The current Payout Ratio is 6.97% for CHDN, which recently paid a dividend on 2024-12-06 with an ex-dividend date of 1733443200. Stock splits for the company last occurred on 2023-05-22 when the company split stock in a 2:1 ratio.
