the evolution of cdi cdi’s history is well known. its namesake racetrack, churchill downs, in louisville, ky., opened in 1875 and during its inaugural race meeting featured two races, the kentucky derby and kentucky oaks, which still highlight churchill downs’ live racing calendar today. today, the twin spires still proudly reign over churchill downs’ homestretch, and kentucky derby champions race by these architectural features turned trademarks on their way to the finish line, the winner’s circle and the history books. about churchill downs incorporated churchill downs incorporated (cdi) (nasdaq: chdn), headquartered in louisville, ky., owns the world-renowned churchill downs racetrack, home of the kentucky derby and kentucky oaks, as well as racetrack and casino operations in miami gardens, fla.; racetrack, casino and video poker operations in new orleans, la.; racetrack operations in arlington heights, ill.; a casino resort in greenville, miss.; a casino hotel in vicksburg,
Company profile
Ticker
CHDN
Exchange
CEO
William Carstanjen
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CHURCHILL DOWNS INC, CHURCHILL DOWNS Inc
SEC CIK
Corporate docs
Subsidiaries
Arlington OTB Corp. • Arlington Park Racecourse, LLC • BB Development, LLC • BetAmerica LLC • BG Kentucky Management, LLC • CDIHC, LLC • CDITH, LLC • CDTC, LLC • CEP IV Chicago Holdco LLC • Calder Race Course, Inc. ...
IRS number
610156015
CHDN stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
24 Apr 24
8-K
Churchill Downs Incorporated Reports 2024 First Quarter Results
24 Apr 24
8-K
Submission of Matters to a Vote of Security Holders
23 Apr 24
ARS
2023 FY
Annual report to shareholders
14 Mar 24
DEFA14A
Additional proxy soliciting materials
14 Mar 24
DEF 14A
Definitive proxy
14 Mar 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
Churchill Downs Incorporated Reports 2023 Fourth Quarter and Full Year Results
21 Feb 24
8-K
Entry into a Material Definitive Agreement
18 Dec 23
10-Q
2023 Q3
Quarterly report
25 Oct 23
Transcripts
CHDN
Earnings call transcript
2023 Q4
22 Feb 24
CHDN
Earnings call transcript
2023 Q3
26 Oct 23
CHDN
Earnings call transcript
2023 Q2
27 Jul 23
CHDN
Earnings call transcript
2023 Q1
27 Apr 23
CHDN
Earnings call transcript
2022 Q4
23 Feb 23
CHDN
Earnings call transcript
2022 Q3
27 Oct 22
CHDN
Earnings call transcript
2022 Q2
28 Jul 22
CHDN
Earnings call transcript
2022 Q1
28 Apr 22
CHDN
Earnings call transcript
2021 Q4
24 Feb 22
CHDN
Earnings call transcript
2021 Q3
28 Oct 21
Latest ownership filings
4
DOUGLAS C GRISSOM
2 Apr 24
4
Ulysses L Bridgeman Jr
2 Apr 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
4
Bradley K. Blackwell
13 Feb 24
4
Maureen Adams
13 Feb 24
4
Marcia A Dall
12 Feb 24
4
William C Carstanjen
12 Feb 24
4
William E Mudd
12 Feb 24
4
Bradley K. Blackwell
12 Feb 24
4
Maureen Adams
12 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 193.20 mm | 193.20 mm | 193.20 mm | 193.20 mm | 193.20 mm | 193.20 mm |
Cash burn (monthly) | 82.63 mm | 125.00 mm | (no burn) | (no burn) | 29.47 mm | 5.76 mm |
Cash used (since last report) | 566.74 mm | 857.32 mm | n/a | n/a | 202.10 mm | 39.49 mm |
Cash remaining | -373.54 mm | -664.12 mm | n/a | n/a | -8.90 mm | 153.71 mm |
Runway (months of cash) | -4.5 | -5.3 | n/a | n/a | -0.3 | 26.7 |
Institutional ownership, Q3 2023
75.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 339 |
Opened positions | 36 |
Closed positions | 78 |
Increased positions | 96 |
Reduced positions | 133 |
13F shares | Current |
---|---|
Total value | 6.47 tn |
Total shares | 55.87 mm |
Total puts | 83.00 k |
Total calls | 36.90 k |
Total put/call ratio | 2.2 |
Largest owners | Shares | Value |
---|---|---|
Capital Research Global Investors | 6.78 mm | $786.67 bn |
Vanguard | 6.69 mm | $776.23 bn |
FMR | 6.38 mm | $739.95 bn |
BLK Blackrock | 6.08 mm | $705.09 bn |
Capital International Investors | 2.25 mm | $260.69 bn |
STT State Street | 1.87 mm | $216.61 bn |
Schroder Investment Management | 1.75 mm | $203.46 bn |
London Co Of Virginia | 1.70 mm | $197.73 bn |
ArrowMark Colorado | 1.18 mm | $137.37 bn |
Geode Capital Management | 1.10 mm | $127.31 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Mar 24 | Grissom Douglas C | Common Stock | Grant | Acquire A | No | No | 0 | 277.78 | 0.00 | 24,529.67 |
31 Mar 24 | Bridgeman Ulysses L Jr | Common Stock | Grant | Acquire A | No | No | 0 | 102.02 | 0.00 | 50,086.56 |
8 Feb 24 | Marcia A Dall | Common Stock | Payment of exercise | Dispose F | No | No | 123 | 6,004 | 738.49 k | 138,300 |
8 Feb 24 | Marcia A Dall | Common Stock | Grant | Acquire A | No | No | 0 | 13,180 | 0.00 | 144,304 |
8 Feb 24 | Marcia A Dall | RSU Common Stock | Grant | Acquire A | No | No | 0 | 8,946 | 0.00 | 25,892.128 |
8 Feb 24 | William C Carstanjen | Common Stock | Payment of exercise | Dispose F | No | No | 123 | 25,977 | 3.20 mm | 1,492,269 |
8 Feb 24 | William C Carstanjen | Common Stock | Grant | Acquire A | No | No | 0 | 57,984 | 0.00 | 1,518,246 |
8 Feb 24 | William C Carstanjen | RSU Common Stock | Grant | Acquire A | No | No | 0 | 27,645 | 0.00 | 429,667.52 |
8 Feb 24 | Mudd William E | Common Stock | Payment of exercise | Dispose F | No | No | 123 | 12,007 | 1.48 mm | 625,492.8 |
8 Feb 24 | Mudd William E | Common Stock | Grant | Acquire A | No | No | 0 | 26,360 | 0.00 | 637,499.8 |
News
12 Consumer Discretionary Stocks Moving In Wednesday's After-Market Session
24 Apr 24
Churchill Downs Q1 2024 Adj EPS $1.08 Beats $0.83 Estimate, Sales $590.900M Beat $565.420M Estimate
24 Apr 24
EXCLUSIVE: Madden Gaming Veteran Leads Play-To-Earn Horse Racing Game Photo Finish Into New Growth Phase: 'More People Racing All Day, Every Day'
22 Apr 24
Wells Fargo Upgrades Churchill Downs to Overweight, Raises Price Target to $141
15 Apr 24
JMP Securities Reiterates Market Outperform on Churchill Downs, Maintains $150 Price Target
10 Apr 24
Press releases
Churchill Downs Incorporated Reports 2024 First Quarter Results
24 Apr 24
Churchill Downs Incorporated Closes on Sale of 49% of United Tote Company to the New York Racing Association, Inc.
8 Apr 24
Churchill Downs Incorporated Opens Terre Haute Casino Resort in Terre Haute, Indiana
5 Apr 24
EXACTA SYSTEMS® LIVE AT THE BROOK IN SEABROOK, NEW HAMPSHIRE
4 Mar 24
Churchill Downs Incorporated Announces Exacta Expansion in New Hampshire
4 Mar 24