Churchill Downs Inc.

Churchill Downs is a racing, online wagering and gaming entertainment company. The company manages its operations through three reportable segments: Churchill Downs, Online Wagering, and Gaming. Churchill Downs includes live and historical pari-mutuel racing at Churchill Downs Racetrack and Derby City Gaming. Online Wagering includes the company's TwinSpires business and its online sports betting and iGaming business. Gaming includes casino properties and associated racetrack or jai alai facilities which support the casino license as applicable.
  • TickerCHDN
  • ISINUS1714841087
  • ExchangeNASDAQ Stock Market
  • SectorTravel & Leisure
  • CountryUnited States
Valens Research
  • Valens Research
CHDN Churchill Downs... (Travel & Leisure)

CHDN - Embedded Expectations Analysis - 2021 06 28

Churchill Downs Incorporated (CHDN:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) earnings, with a 26.9x Uniform P/E. At these levels, the market is pricing in bullish expectations for the firm, but management may be concerned about long-term growth, their gaming partnerships, and EBITDA performance Specifically, management may be exaggerating their focus on long-term growth and shareholder value, potential EBITDA gains from the Kentucky Derby, and the customer acquisition cost benefits of their partnerships. Moreover, they may lack confidence in their abilit...

 PRESS RELEASE
CHDN Churchill Downs... (Travel & Leisure)

Churchill Downs Incorporated Names Jason Sauer Senior Vice President o...

Churchill Downs Incorporated Names Jason Sauer Senior Vice President of Corporate Development LOUISVILLE, Ky., June 22, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that Jason Sauer has been named Senior Vice President of Corporate Development for the Company. In this role, Sauer will work closely with other Senior Management in the development and execution of CDI’s strategy and growth initiatives and report directly to Bill Carstanjen, Chief Executive Officer of CDI. Sauer joined CDI in 2014 as Senior Director, Corporate De...

CHDN Churchill Downs... (Travel & Leisure)

Churchill Downs Incorporated - March 2021 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

 PRESS RELEASE
CHDN Churchill Downs... (Travel & Leisure)

Churchill Downs Incorporated Names Katherine Armstrong VP of Culture

Churchill Downs Incorporated Names Katherine Armstrong VP of Culture LOUISVILLE, Ky., May 06, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that Katherine Armstrong has been hired as Vice President of Culture (Diversity, Equity and Inclusion) for the Company. The new role will report directly to Bill Carstanjen, Chief Executive Officer of CDI. As the Vice President of Culture, Armstrong will be part of the senior leadership team of CDI and will lead the Company’s efforts to expand its strategic vision as part of the Company’s co...

 PRESS RELEASE
CHDN Churchill Downs... (Travel & Leisure)

Medina Spirit Claims the Garland of Roses in the 147th Kentucky Derby ...

Medina Spirit Claims the Garland of Roses in the 147th Kentucky Derby Presented by Woodford Reserve LOUISVILLE, Ky., May 01, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that Medina Spirit claimed the Garland of Roses in the 147th running of the $3 million Kentucky Derby presented by Woodford Reserve. The Company reported that 51,838 fans reveled under cloudless skies to watch as the “Most Exciting Two Minutes in Sports” triumphantly returned to the first Saturday in May at Churchill Downs Racetrack (“Churchill Downs”). W...

 PRESS RELEASE
CHDN Churchill Downs... (Travel & Leisure)

Churchill Downs Incorporated Names Jason Sauer Senior Vice President o...

Churchill Downs Incorporated Names Jason Sauer Senior Vice President of Corporate Development LOUISVILLE, Ky., June 22, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that Jason Sauer has been named Senior Vice President of Corporate Development for the Company. In this role, Sauer will work closely with other Senior Management in the development and execution of CDI’s strategy and growth initiatives and report directly to Bill Carstanjen, Chief Executive Officer of CDI. Sauer joined CDI in 2014 as Senior Director, Corporate De...

 PRESS RELEASE
CHDN Churchill Downs... (Travel & Leisure)

Churchill Downs Incorporated Names Katherine Armstrong VP of Culture

Churchill Downs Incorporated Names Katherine Armstrong VP of Culture LOUISVILLE, Ky., May 06, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that Katherine Armstrong has been hired as Vice President of Culture (Diversity, Equity and Inclusion) for the Company. The new role will report directly to Bill Carstanjen, Chief Executive Officer of CDI. As the Vice President of Culture, Armstrong will be part of the senior leadership team of CDI and will lead the Company’s efforts to expand its strategic vision as part of the Company’s co...

 PRESS RELEASE
CHDN Churchill Downs... (Travel & Leisure)

Medina Spirit Claims the Garland of Roses in the 147th Kentucky Derby ...

Medina Spirit Claims the Garland of Roses in the 147th Kentucky Derby Presented by Woodford Reserve LOUISVILLE, Ky., May 01, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that Medina Spirit claimed the Garland of Roses in the 147th running of the $3 million Kentucky Derby presented by Woodford Reserve. The Company reported that 51,838 fans reveled under cloudless skies to watch as the “Most Exciting Two Minutes in Sports” triumphantly returned to the first Saturday in May at Churchill Downs Racetrack (“Churchill Downs”). W...

 PRESS RELEASE
CHDN Churchill Downs... (Travel & Leisure)

Churchill Downs Incorporated 2021 First Quarter Financial Results Conf...

Churchill Downs Incorporated 2021 First Quarter Financial Results Conference Call Invitation LOUISVILLE, Ky., April 12, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release first quarter 2021 financial results after the market closes on Wednesday, April 21, 2021, and host a related conference call to discuss the quarter on Thursday, April 22, 2021, at 9 a.m. ET. Investors and other interested parties may listen to the teleconference by accessing the online, real-time webcast of the call at or by calling (877) 372-08...

 PRESS RELEASE
CHDN Churchill Downs... (Travel & Leisure)

Churchill Downs Incorporated to Introduce Konami Gaming, Inc.’s Histor...

Churchill Downs Incorporated to Introduce Konami Gaming, Inc.’s Historical Racing Machines to Kentucky Market Konami Top-Performing Content to Debut at CDI HRM Facilities in Second Quarter 2021 LOUISVILLE, Ky., March 23, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) today announced an agreement to purchase a line-up of the latest historical racing machines (“HRMs”) by Konami Gaming, Inc. (“Konami”), a leading designer and manufacturer of gaming technology. HRMs are approved by the Kentucky Horse Racing Commission and utilize the results of pre...

Valens Research
  • Valens Research
CHDN Churchill Downs... (Travel & Leisure)

CHDN - Embedded Expectations Analysis - 2021 06 28

Churchill Downs Incorporated (CHDN:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) earnings, with a 26.9x Uniform P/E. At these levels, the market is pricing in bullish expectations for the firm, but management may be concerned about long-term growth, their gaming partnerships, and EBITDA performance Specifically, management may be exaggerating their focus on long-term growth and shareholder value, potential EBITDA gains from the Kentucky Derby, and the customer acquisition cost benefits of their partnerships. Moreover, they may lack confidence in their abilit...

CHDN Churchill Downs... (Travel & Leisure)

Churchill Downs Incorporated - March 2021 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

CHDN Churchill Downs... (Travel & Leisure)

Moody's announces completion of a periodic review of ratings of Church...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Churchill Downs Incorporated. Global Credit Research- 08 Apr 2021. New York, April 08, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Churchill Downs Incorporated and other ratings that are associated with the same analytical unit.

CHDN Churchill Downs... (Travel & Leisure)

Churchill Downs Incorporated - December 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

CHDN Churchill Downs... (Travel & Leisure)

Moody's assigns B1 rating to Churchill's proposed senior unsecured add...

Rating Action: Moody's assigns B1 rating to Churchill's proposed senior unsecured add-on. Global Credit Research- 10 Mar 2021. New York, March 10, 2021-- Moody's Investors Service today assigned a B1 rating to Churchill Downs Incorporated's proposed $200 million add-on to the company's existing $500 million 4.75% senior unsecured notes due 2028. CHDN's other ratings are not affected including the Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating, Ba1 senior...

CHDN Churchill Downs... (Travel & Leisure)

Moody's assigns Ba1 to Churchill's proposed $200 mil. term loan

Rating Action: Moody's assigns Ba1 to Churchill's proposed $200 mil. term loan. Global Credit Research- 04 Mar 2021. New York, March 04, 2021-- Moody's Investors Service, today assigned a Ba1 to Churchill Downs Incorporated's proposed $200 million 1st lien term B loan due 2028. Proceeds from the proposed term loan, will go towards repaying a portion of CHDN's $361 million of outstanding borrowings under the company's $700 million revolver and increasing the company's balance...

CHDN Churchill Downs... (Travel & Leisure)

CHURCHILL DOWNS sees a downgrade to Negative on account of less fundam...

The independent financial analyst theScreener just lowered the general evaluation of CHURCHILL DOWNS (US), active in the Gambling industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date October 23, 2020, the closing price was USD 173.21 and its target price was estimated at USD 108.69.

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