Churchill Downs Incorporated is the parent company of Churchill Downs. The company is best known for, and has evolved from, one racetrack in Louisville, Kentucky to a multi-state, publicly traded company with racetracks and casinos. It is also the leading online wagering company. That wagering part of the company is the part that's the fastest growing part of this successful businesses.
Churchill Downs operates as a racing, gaming, and online entertainment company. It operates through Racing, Casinos, TwinSpires, Big Fish Games, and Other Investments segments. The company operates racing facilities, such as Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 10 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 12 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida. It also operates five casinos, which provides brick-and-mortar real-money casino gaming services with approximately 9,030 gaming positions; and operates 2 hotels. In addition, the company through TwinSpires.com operates mobile and online wagering business; and offers streaming video of live horse races, replays, and an assortment of racing and handicapping information. Further, it offers reports, statistical information, handicapping information, pedigrees, and other data for the thoroughbred horse industry. Additionally, the company produces and distributes social casino, casual and mid-core free-to-play, and premium paid games for PC, Mac, and mobile devices. It also manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses; and provides totalisator and Internet-based interactive gaming services, as well as operates a multimedia poker periodical. Churchill Downs Incorporated was founded in 1928 and is headquartered in Louisville, Kentucky.
(Summary) (Company) (Chart)
| 7 May 2017 Price $167.52 1yr Target $171.00 Analysts 3 Dividend $1.32 Payout Ratio 19.58% 1yr Cap Gain 2.07% Yield 0.78% 1yr Tot Return 2.85% P/E 24.86 PEG 2.07 Beta 0.84 | EPS (ttm) $6.74 EPS next yr $7.49 Forward P/E 22.36 EPS next 5yr 12.00% 1yr Price Support $89.88 Market Cap $2.76 Bil Revenues $1.30 Bil Earnings $111.50 Mil Profit Margin 8.53% Quick Ratio 0.50 Current Ratio 0.50 Debt/Equity 1.41 | 1yr RevGR % 3yr RevGR % 5yr RevGR % 1yr EarnGR % 3yr EarnGR % 5yr EarnGR % 1yr DivGR % 3yr DivGR % 5yr DivGR % ROA 5.00% ROE 16.20% |
 Churchill Downs Monthly Chart |  Churchill Downs Dividend History |
My Strategy
My strategy for shares of Churchill Downs is to continue to add to the position I already have during any pullback in the price of the shares. There's no doubt that these shares are expensive but they have been worth buying and holding in the past. These shares have been very good to me over the years and I expect they will continue to increase well into the future.
Therefore, I will add to my position on any pullbacks while continuing to reinvest the dividends and any funds received from the sale of options.
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