Profile
Sector:
Consumer CyclicalIndustry:
GamblingCountry:
United StatesIPO:
08 September 2008Website:
http://www.canterburypark.comNext earnings report:
09 August 2024Last dividends:
28 June 2024Next dividends:
N/APrice
regular market | Wed, 03 Jul 2024 13:30:00 GMTAnalysts recommendations
Institutional Ownership
CPHC Latest News
Discover why Zacks rates Canterbury Park (CPHC) as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore how CPHC's diversified operations, strong balance sheet and strategic expansions position it for growth despite facing stiff competition from nearby facilities.
SHAKOPEE, Minn., June 12, 2024 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that the Company's Board of Directors, pursuant to its dividend policy, approved a quarterly cash dividend of $0.07 per share that will be paid on July 12, 2024 to stockholders of record on June 28, 2024. At this quarterly rate, the annual dividend is equivalent to $0.28 per common share.
Canterbury Park Holding Corporation is currently seen as overvalued based on its potential liquidation value and discounted cash flow analysis. Legislative restrictions in Minnesota are limiting the company's ability to grow its cash flow, but removing these restrictions could significantly boost the company's stock price. The impact of CPHC's property development projects on its future revenue growth remains uncertain.
Canterbury Park stock is trading at a significant discount relative to cash flow generated from casino operations including food & beverage. Real estate joint venture partnerships should begin to return meaningful profits in the form of Dividends. Proposed Sports Betting Legislation will grant company license to accept wagers at racetrack-attracting new revenue stream and customers.
What type of business is Canterbury Park Holding?
Canterbury Park Holding Corporation, through its subsidiaries, engages in horse racing, card casino, food and beverage, and real estate development businesses. The company's Horse Racing segment operates year-round simulcasting of horse races, as well as wagering on live thoroughbred and quarter horse races on a seasonal basis. Its Card Casino segment offers unbanked card games, such as poker and table games. The company's Food and Beverage segment operates concession stands, restaurants and buffets, bars, and other food venues, as well as café style restaurants and full-service bars within the Card Casino and simulcast area. This segment also provides lounge services along with a buffet restaurant; various concession style food and beverages during live racing; and catering and events services. Its Development segment engages in various development opportunities, such as residential development, office, restaurants, hotel, entertainment, and retail operations. The company is also involved in the provision of related services and activities, such as parking, advertising signage, publication sales, and other entertainment events and activities. Canterbury Park Holding Corporation was founded in 1994 and is based in Shakopee, Minnesota.
What sector is Canterbury Park Holding in?
Canterbury Park Holding is in the Consumer Cyclical sector
What industry is Canterbury Park Holding in?
Canterbury Park Holding is in the Gambling industry
What country is Canterbury Park Holding from?
Canterbury Park Holding is headquartered in United States
When did Canterbury Park Holding go public?
Canterbury Park Holding initial public offering (IPO) was on 08 September 2008
What is Canterbury Park Holding website?
https://www.canterburypark.com
Is Canterbury Park Holding in the S&P 500?
No, Canterbury Park Holding is not included in the S&P 500 index
Is Canterbury Park Holding in the NASDAQ 100?
No, Canterbury Park Holding is not included in the NASDAQ 100 index
Is Canterbury Park Holding in the Dow Jones?
No, Canterbury Park Holding is not included in the Dow Jones index
When does Canterbury Park Holding report earnings?
The next expected earnings date for Canterbury Park Holding is 09 August 2024