Churchill Downs
CHDN
Market cap $9.72B

132.23 USD

-0.52

0.39%

At close Dec 20, 4:00 PM EST

After hours

132.23

+0.00

0.00%

1 day

-0.39%

5 days

-2.24%

1 month

-5.53%

3 months

-3.96%

6 months

-4.09%

Year to date

-1.24%

1 year

1.35%

5 years

97.09%

10 years

739.56%

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

Consumer Discretionary Racing, Including Track Operation

0

Funds holding %

of 6,809 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

158% more call options, than puts

Call options by funds: $79.5M | Put options by funds: $30.8M

55% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 49

50% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 6 (+2) [Q3]

45% more repeat investments, than reductions

Existing positions increased: 174 | Existing positions reduced: 120

6% more funds holding

Funds holding: 419 [Q2] → 446 (+27) [Q3]

1.84% less ownership

Funds ownership: 78.17% [Q2] → 76.34% (-1.84%) [Q3]

6% less capital invested

Capital invested by funds: $8.02B [Q2] → $7.56B (-$462M) [Q3]

See Fund Rankings

Research analyst outlook

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

Low target

$151

14%

upside

Avg. target

$163

23%

upside

High target

$168

27%

upside

4 analyst ratings

4 positive

100%

0 neutral

0%

0 negative

0%

JMP Securities Jordan Bender 37% 1-year accuracy 22 / 59 met price target	26%upside $166	Market Outperform Reiterated	19 Dec 2024
Truist Securities Barry Jonas 58% 1-year accuracy 19 / 33 met price target	25%upside $165	Buy Reiterated	25 Oct 2024
Mizuho Ben Chaiken 61% 1-year accuracy 35 / 57 met price target	14%upside $151	Outperform Maintained	22 Oct 2024
Wells Fargo Daniel Politzer 60% 1-year accuracy 32 / 53 met price target	27%upside $168	Overweight Maintained	17 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about CHDN published over the past 30 days

Churchill Downs: A Solid 'Buy On The Dip' Story Poised For A Fast Rise Before The Derby (Rating Upgrade)

CHDN is trading at a premium to its sector, making it a 'buy on the dip' target. Its rapid expansion under a new CEO since 2014 is speeding up. We expect 16%+ of EBITDA growth in 2025.

Churchill Downs: A Solid 'Buy On The Dip' Story Poised For A Fast Rise Before The Derby (Rating Upgrade)

14 Upcoming Dividend Increases, Including A King

Happy Thanksgiving! Enjoy the holiday season and dividend raises. Fourteen companies increased dividends this week, with Lancaster Colony extending its 62-year streak by 5.6%. The average dividend increase is 5.5%, and McDonald's will become a dividend king next year with a 49-year streak. My strategy involves buying, holding, and adding to companies that consistently increase dividends and beat benchmarks, using data from U.S. Dividend Champions and NASDAQ.

14 Upcoming Dividend Increases, Including A King

Zacks Investment Research

4 Stocks That Have Declared Dividend Hikes Amid Market Volatility

CHDN, LZB, MKC and AIZ recently announced dividend hikes.

4 Stocks That Have Declared Dividend Hikes Amid Market Volatility

Zacks Investment Research

The Zacks Analyst Blog Snap-on, Griffon, Churchill Downs and Roper Technologies

Snap-on, Griffon, Churchill Downs and Roper Technologies are included in this Analyst Blog.

The Zacks Analyst Blog Snap-on, Griffon, Churchill Downs and Roper Technologies

Zacks Investment Research

4 Stocks in Focus That Recently Announced Dividend Hikes

Stocks like SNA, GFF, CHDN and ROP recently announced dividend hikes.

4 Stocks in Focus That Recently Announced Dividend Hikes

Churchill Downs Incorporated Opens The Rose Gaming Resort in Northern Virginia

$460 Million Investment Creates a Worldclass Entertainment Destination Resort Supporting Horse Racing and Agriculture Industry in Virginia $460 Million Investment Creates a Worldclass Entertainment Destination Resort Supporting Horse Racing and Agriculture Industry in Virginia

Churchill Downs Incorporated Opens The Rose Gaming Resort in Northern Virginia

Churchill Downs Incorporated (CHDN) Q3 2024 Earnings Call Transcript

Churchill Downs Incorporated (NASDAQ:CHDN ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Sam Ullrich - Vice President, Investor Relations William Carstanjen - Chief Executive Officer Marcia Dall - Executive Vice President and Chief Financial Officer William Mudd - President and Chief Operating Officer Bradley Blackwell - Executive Vice President and General Counsel Conference Call Participants David Katz - Jefferies Barry Jonas - Truist Securities Dan Politzer - Wells Fargo Chad Beynon - Macquarie Jeff Stantial - Stifel Joseph Stauff - SIG Shaun Kelley - Bank of America Daniel Guglielmo - Capital One Securities Jordan Bender - Citizens JMP Benjamin Chaiken - Mizuho Operator Good day, ladies and gentlemen, and welcome to the Churchill Downs Incorporated 2024 Third Quarter Earnings Conference call. At this time, all participants are in a listen-only mode.

Churchill Downs Incorporated (CHDN) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Churchill Downs (CHDN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for Churchill Downs (CHDN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Churchill Downs (CHDN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Churchill Downs (CHDN) Q3 Earnings Beat Estimates

Churchill Downs (CHDN) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.87 per share a year ago.

Churchill Downs (CHDN) Q3 Earnings Beat Estimates

Churchill Downs Incorporated Announces New HRM Entertainment Venue in Calvert City, Kentucky

LOUISVILLE, Ky., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today the planned development of a $40 to $50 million historical racing machine (“HRM”) entertainment venue in Calvert City, Kentucky. CDI plans to open the new 23,000 square-foot facility with 250 HRMs, a sports bar and a sportsbook, and a simulcast center in early 2026. The new facility will serve as an extension of Oak Grove Racing, Gaming and Hotel (“Oak Grove”) and will be CDI's eighth historical horse racing entertainment venue in the Commonwealth of Kentucky.

Churchill Downs Incorporated Announces New HRM Entertainment Venue in Calvert City, Kentucky

See News Rankings

Charts implemented using Lightweight Charts™