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,
![Churchill Downs logo](/files/LOGO/20212-CHDN.png)
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 Q2
Quarterly report
24 Jul 24
8-K
Churchill Downs Incorporated Announces Robert L. Fealy Retires From Company’s Board of Directors
24 Jul 24
8-K
Churchill Downs Incorporated Reports 2024 Second Quarter Results
24 Jul 24
8-K
Churchill Downs Incorporated Closes Amendment to Extend Maturity Date of its Revolving Credit Facility and Term Loan A Facility
3 Jul 24
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
Transcripts
CHDN
Earnings call transcript
2024 Q2
25 Jul 24
CHDN
Earnings call transcript
2024 Q1
25 Apr 24
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 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
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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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) | 230.90 mm | 230.90 mm | 230.90 mm | 230.90 mm | 230.90 mm | 230.90 mm |
Cash burn (monthly) | (no burn) | 17.52 mm | (no burn) | (no burn) | 45.47 mm | 7.78 mm |
Cash used (since last report) | n/a | 15.76 mm | n/a | n/a | 40.92 mm | 7.00 mm |
Cash remaining | n/a | 215.14 mm | n/a | n/a | 189.98 mm | 223.90 mm |
Runway (months of cash) | n/a | 12.3 | n/a | n/a | 4.2 | 28.8 |
Institutional ownership, Q1 2024
75.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 365 |
Opened positions | 115 |
Closed positions | 38 |
Increased positions | 98 |
Reduced positions | 91 |
13F shares | Current |
---|---|
Total value | 6.63 tn |
Total shares | 55.50 mm |
Total puts | 215.40 k |
Total calls | 60.70 k |
Total put/call ratio | 3.5 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 6.67 mm | $825.49 bn |
BLK Blackrock | 6.18 mm | $765.05 bn |
Capital Research Global Investors | 6.12 mm | $757.39 bn |
FMR | 4.23 mm | $523.09 bn |
Capital International Investors | 2.56 mm | $316.88 bn |
STT State Street | 2.00 mm | $247.81 bn |
London Co Of Virginia | 1.73 mm | $213.87 bn |
Citadel Advisors | 1.47 mm | $182.12 bn |
ArrowMark Colorado | 1.29 mm | $159.91 bn |
Schroder Investment Management | 1.23 mm | $151.83 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Jun 24 | Grissom Douglas C | Common Stock | Grant | Acquire A | No | No | 0 | 203.26 | 0.00 | 25,987.99 |
30 Jun 24 | Bridgeman Ulysses L Jr | Common Stock | Grant | Acquire A | No | No | 0 | 90.44 | 0.00 | 51,432.06 |
29 Apr 24 | Varga Paul C | Common Stock | Buy | Acquire P | No | No | 130.22 | 3,800 | 494.84 k | 28,902.23 |
23 Apr 24 | Varga Paul C | Common Stock | Grant | Acquire A | No | No | 0 | 1,255.06 | 0.00 | 25,102.23 |
23 Apr 24 | Harrington Daniel P | Common Stock | Grant | Acquire A | Yes | No | 0 | 0 | 0.00 | 1,145,352 |
23 Apr 24 | Harrington Daniel P | Common Stock | Grant | Acquire A | No | No | 0 | 1,255.06 | 0.00 | 120,651.11 |
News
Macquarie Maintains Outperform on Churchill Downs, Raises Price Target to $162
26 Jul 24
JMP Securities Maintains Market Outperform on Churchill Downs, Raises Price Target to $166
26 Jul 24
Mizuho Maintains Outperform on Churchill Downs, Raises Price Target to $157
26 Jul 24
Stifel Maintains Buy on Churchill Downs, Raises Price Target to $164
26 Jul 24
Truist Securities Reiterates Buy on Churchill Downs, Raises Price Target to $166
26 Jul 24
Press releases
Churchill Downs Incorporated Reveals Grandstand Club and Pavilion Renovation Plan for Churchill Downs Racetrack
24 Jul 24
Churchill Downs Incorporated Announces Robert L. Fealy Retires From Company's Board of Directors
24 Jul 24
Churchill Downs Incorporated Reports 2024 Second Quarter Results
24 Jul 24
Churchill Downs Incorporated Closes Amendment to Extend Maturity Date of its Revolving Credit Facility and Term Loan A Facility
3 Jul 24
IGT and Churchill Downs Incorporated Pioneer Historical Horse Racing ("HHR") in Malta with National Lottery plc
3 Jul 24