Added to YB: 2024-05-24
Pitch date: 2024-04-19
CHDN [bullish]
Churchill Downs Incorporated
-1.45%
current return
Author Info
No bio for this author
Company Info
Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States.
Market Cap
$7.9B
Pitch Price
$118.47
Price Target
N/A
Dividend
0.39%
EV/EBITDA
11.63
P/E
20.49
EV/Sales
4.50
Sector
Hotels, Restaurants and Leisure
Category
turnaround
The London Company SMID Cap Strategy Portfolio Holding: Churchill Downs Incorporated
CHDN: Despite stock underperformance in Q1, business execution remains strong aside from some casino softness. 2024 Kentucky Derby ticket sales on track, historical racing machines & TwinSpires online betting solid. High leverage post-2022 acquisition a concern, but deal strategic & deleveraging expected in 2024 from robust cash gen & EBITDA growth.
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