Churchill Downs (CHDN)

• Market cap: $7.45B
• 1 day: 0.37%
• 5 days: -1.03%
• 1 month: -9.20%
• 3 months: -19.56%
• 6 months: -27.91%
• Year to date: -22.97%
• 1 year: -16.29%
• 5 years: 107.96%
• 10 years: 437.72%
• Sector: Consumer Discretionary
• Industry: Gambling

About: Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and 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, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.

Employees: 8,870

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

216% more call options, than puts

Call options by funds: $74.9M | Put options by funds: $23.7M

18% more repeat investments, than reductions

Existing positions increased: 169 | Existing positions reduced: 143

16% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 44

1.46% more ownership

Funds ownership: 76.32% [Q3] → 77.78% (+1.46%) [Q4]

1% more capital invested

Capital invested by funds: $7.56B [Q3] → $7.64B (+$77.4M) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 6 [Q3] → 6 (+0) [Q4]

0% less funds holding

Funds holding: 446 [Q3] → 445 (-1) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $125 23% upside
• Avg. target: $143 41% upside
• High target: $158 56% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Barclays Brandt Montour 28% 1-year accuracy 22 / 79 met price target	23% upside $125	Overweight Initiated	11 Apr 2025
Stifel Jeffrey Stantial 17% 1-year accuracy 4 / 23 met price target	40% upside $142	Buy Maintained	10 Apr 2025
Wells Fargo Daniel Politzer 21% 1-year accuracy 12 / 57 met price target	56% upside $158	Overweight Maintained	21 Feb 2025
Mizuho Ben Chaiken 19% 1-year accuracy 10 / 54 met price target	46% upside $148	Outperform Maintained	19 Feb 2025