(CHDN) Churchill Downs - Ratings and Ratios

Churchill Downs Incorporated (NASDAQ:CHDN) is a leading U.S.-based entertainment company specializing in live and historical horse racing, online wagering, and regional casino gaming. Founded in 1875 and headquartered in Louisville, Kentucky, the company operates through three core segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. Its portfolio includes iconic venues such as Churchill Downs Racetrack, home of the Kentucky Derby, as well as historical racing properties in Kentucky, Virginia, and New Hampshire. The company also owns and operates multiple casino properties, offering slot machines, table games, and other gaming products.

The Live and Historical Racing segment focuses on pari-mutuel racing operations, including live events at Churchill Downs and historical racing at off-track betting facilities. It generates revenue through admissions, sponsorships, television rights, and food and beverage services. This segment also includes ancillary operations such as personal seat licenses and event-related services.

The Wagering Services and Solutions segment operates TwinSpires, a prominent online horse racing wagering platform, as well as BetAmerica and other white-label platforms. It facilitates pari-mutuel and fixed-odds wagering, offers streaming video of horse races, and provides handicapping data through its Bloodstock Research Information Services platform. Additionally, this segment includes United Tote, a manufacturer of pari-mutuel wagering systems, and Exacta, which provides technology for historical racing machines (HRMs).

The Gaming segment oversees the company’s casino properties, which feature slot machines, table games, video lottery terminals, and HRMs. Ancillary services include food and beverage, hotel accommodations, and pari-mutuel wagering commissions. This segment also offers racing event-related services and other miscellaneous operations.

Churchill Downs Incorporated is a publicly traded company listed on the NASDAQ under the ticker symbol CHDN. It is classified under the Casinos & Gaming industry within the GICS sub-industry framework. The company’s market capitalization is approximately $7.45 billion, with a trailing P/E ratio of 17.61 and a price-to-book ratio of 6.78. Its return on equity (RoE) stands at 39.29%, indicating strong profitability.

Based on the provided and , the 3-month forecast for CHDN is as follows: - Technical Outlook: The stock is currently trading below its 20-day, 50-day, and 200-day moving averages (SMA), with the SMA 20 at $104.00, SMA 50 at $110.25, and SMA 200 at $129.47. This suggests bearish momentum in the near term. - Average Volume: The 20-day average volume of 748,050 shares indicates moderate liquidity, which could support price movement. - ATR: The Average True Range (ATR) of 4.05 suggests volatility, with potential price swings of $4-5 per session. - Forecast: Expect CHDN to test support near $80-$85 in the next 3 months, with potential resistance at $95-$100. A breakout above $110 could signal a trend reversal, but the current technical setup favors a bearish or sideways trend. - Fundamental Alignment: The P/S ratio of 2.72 and RoE of 39.29% highlight strong operational efficiency, but the stock may face headwinds from broader market conditions and sector-specific challenges. Investors should monitor earnings reports and industry trends for potential catalysts.