Churchill DownsCHDN
Market Cap: $10B
About: Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The TwinSpires segment includes the revenue and expenses for online horse racing and the online and retail sports betting and iGaming wagering business. The Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
Employees: 7,970
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
95% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 40
13% more capital invested
Capital invested by funds: $7.01B [Q1] → $7.94B (+$932M) [Q2]
10% more funds holding
Funds holding: 376 [Q1] → 414 (+38) [Q2]
6% more repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 131
0.56% more ownership
Funds ownership: 76.85% [Q1] → 77.42% (+0.56%) [Q2]
40% less call options, than puts
Call options by funds: $16.3M | Put options by funds: $27.1M
50% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 4 (-4) [Q2]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
B of A Securities Shaun Kelley 50% 1-year accuracy 6 / 12 met price target | 13%upside $155 | Buy Upgraded | 12 Aug 2024 |
Macquarie Chad Beynon 58% 1-year accuracy 15 / 26 met price target | 19%upside $162 | Outperform Maintained | 26 Jul 2024 |
JMP Securities Jordan Bender 55% 1-year accuracy 27 / 49 met price target | 21%upside $166 | Market Outperform Maintained | 26 Jul 2024 |
Mizuho Ben Chaiken 49% 1-year accuracy 19 / 39 met price target | 15%upside $157 | Outperform Maintained | 26 Jul 2024 |
Stifel Jeffrey Stantial 41% 1-year accuracy 9 / 22 met price target | 20%upside $164 | Buy Maintained | 26 Jul 2024 |