Current levels of non-retail ownership of Churchill Downs shares compare favorably with some other gaming stocks. For example, more than 94 percent of MGM Resorts International (NYSE:MGM) shares are controlled by professional investors.<\/strong><\/p>\nExpensive, But Worth It<\/b><\/h2>\n
With a market value of $4.68 billion, Churchill Downs is a mid-cap name and its impressive earnings trajectory (it’s expected to earn $5.08 a share in 2020) qualifies it as a growth stock.<\/p>\n
Growth equities often command premiums to broader benchmarks and the race track operator does that. The stock has a forward price-to-earnings ratio of 25.51x compared to 20.67x on the S&P MidCap 400 Growth Index.<\/p>\n
Jefferies analyst David Katz said in a recent interview with Barron’s <\/i>that while Churchill Downs shares are pricey, investors should not over analyze that situation because if management continues executing well, the stock has the potential to appreciate further.<\/p>\n","protected":false},"excerpt":{"rendered":"
Up more than 45 percent year-to-date, Churchill Downs Inc. (NASDAQ:CHDN), owner of the eponymous horse racing venue, is one of 2019’s best-performing gaming stocks. Several catalysts, including rising ownership among company insiders, indicate the shares could continue rising. High-ranking executives and board members accumulate a stock for one reason: because they believe it has upside […]<\/p>\n","protected":false},"author":46,"featured_media":108427,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Churchill Downs Stock Has Its Own Triple Crown: Insiders, Institutions Love it, Earnings Are Soaring - Casino.org There Are Several Reasons to Consider Churchill Downs Stock<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n