Somewhat Positive Media Coverage Somewhat Unlikely to Impact Churchill Downs (CHDN) Share Price

News stories about Churchill Downs (NASDAQ:CHDN) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Churchill Downs earned a news impact score of 0.14 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.7314069396885 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

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Shares of Churchill Downs stock opened at $245.20 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.76. The stock has a market cap of $3,394.35, a PE ratio of 27.90, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. Churchill Downs has a twelve month low of $151.50 and a twelve month high of $279.45.

Churchill Downs (NASDAQ:CHDN) last issued its earnings results on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.44). The firm had revenue of $179.00 million during the quarter, compared to analyst estimates of $255.33 million. Churchill Downs had a net margin of 11.47% and a return on equity of 16.80%. Churchill Downs’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 earnings per share. equities research analysts expect that Churchill Downs will post 11.38 earnings per share for the current fiscal year.

Churchill Downs declared that its Board of Directors has approved a stock repurchase plan on Wednesday, November 29th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

A number of analysts have issued reports on the stock. BidaskClub raised shares of Churchill Downs from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Jefferies Group assumed coverage on shares of Churchill Downs in a report on Thursday, January 18th. They issued a “hold” rating and a $261.00 price objective for the company. Telsey Advisory Group assumed coverage on shares of Churchill Downs in a report on Tuesday, March 13th. They issued a “market perform” rating and a $265.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Churchill Downs from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $254.25.

In other news, Director Robert L. Evans sold 32,866 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $265.00, for a total value of $8,709,490.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Duchossois bought 1,980 shares of the company’s stock in a transaction dated Friday, March 23rd. The stock was purchased at an average price of $252.90 per share, with a total value of $500,742.00. Following the completion of the transaction, the director now directly owns 16,290 shares in the company, valued at approximately $4,119,741. The disclosure for this purchase can be found here. 18.44% of the stock is currently owned by insiders.

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Churchill Downs Company Profile

Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through five segments: Racing, Casinos, TwinSpires, Other Investments and Corporate.

Insider Buying and Selling by Quarter for Churchill Downs (NASDAQ:CHDN)

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