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After finishing at $138.73 in the prior trading day, Churchill Downs, Inc. (NASDAQ: CHDN) closed at $139.60, up 0.63%. In other words, the price has increased by $0.63 from its previous closing price. On the day, 0.52 million shares were traded. CHDN stock price reached its highest trading level at $140.5 during the session, while it also had its lowest trading level at $138.0.
Ratios:
Our goal is to gain a better understanding of CHDN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 5.96 whereas as Long-Term Debt/Eq ratio is at 5.88.
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, Wells Fargo on April 15, 2024, Upgraded its rating to Overweight and sets its target price to $141 from $137 previously.
On March 26, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $142.
Wells Fargo Downgraded its Overweight to Equal Weight on January 05, 2024, whereas the target price for the stock was revised from $135 to $137.
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 Apr 29 ’24 when VARGA PAUL C bought 3,800 shares for $130.22 per share. The transaction valued at 494,836 led to the insider holds 28,902 shares of the business.
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 10287012864 and an Enterprise Value of 15038789632. As of this moment, Churchill’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.11, and their Forward P/E ratio for the next fiscal year is 18.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 17.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.12 while its Price-to-Book (P/B) ratio in mrq is 12.41. Its current Enterprise Value per Revenue stands at 6.032 whereas that against EBITDA is 19.559.
Stock Price History:
The Beta on a monthly basis for CHDN is 0.96, which has changed by 0.041324735 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, CHDN has reached a high of $141.57, while it has fallen to a 52-week low of $106.45. The 50-Day Moving Average of the stock is 2.83%, while the 200-Day Moving Average is calculated to be 12.65%.
Shares Statistics:
The stock has traded on average 519.73K shares per day over the past 3-months and 502710 shares per day over the last 10 days, according to various share statistics. A total of 74.50M shares are outstanding, with a floating share count of 66.54M. Insiders hold about 9.48% of the company’s shares, while institutions hold 77.76% stake in the company. Shares short for CHDN as of 1718323200 were 1868280 with a Short Ratio of 3.17, compared to 1715731200 on 1869566. Therefore, it implies a Short% of Shares Outstanding of 1868280 and a Short% of Float of 2.6700001.
Dividends & Splits
In the trailing 12 months, CHDN’s forward annual dividend rate was 0.382, compared to 0.38 this year. Against a Trailing Annual Dividend Yield of 0.0027535502The stock’s 5-year Average Dividend Yield is 0.34. The current Payout Ratio is 6.97% for CHDN, which recently paid a dividend on 2023-11-30 with an ex-dividend date of 1701302400. Stock splits for the company last occurred on 2023-05-22 when the company split stock in a 2:1 ratio.
