Today Barrons is reporting: "DraftKings stock is rising Tuesday on news the sports-betting company has partnered with Churchill Downs to allow horse-race betting on its platforms." For full coverage click here. Shares of Churchill Downs have not moved much on the news as of the afternoon trading session, and are currently trading at $222.65.
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 24.11 and an average price to book (P/B) ratio of 3.11. In contrast, Churchill Downs has a trailing 12 month P/E ratio of 17.8 and a P/B ratio of 13.4.
Churchill Downs has moved -1.3% over the last year compared to -13.2% for the S&P 500 -- a difference of 11.9%. Churchill Downs has a 52 week high of $249.33 and a 52 week low of $172.75. At today's price of $222.65 per share, Churchill Downs is -16.92% away from its target price of $268, and on average, analysts give the stock a rating of buy.2.1% of the company's shares are linked to short positions, and 74.7% of the shares are owned by institutional investors.