Churchill Downs (CHDN)
NASDAQ:CHDN
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CHDN Stock Chart & Stats
$92.21
-$0.14(-0.11%)
At close: 4:00 PM EST
$92.21
-$0.14(-0.11%)
Day’s Range― - ―
52-Week Range$80.24 - $118.46
Previous CloseN/A
Volume51.23K
Average Volume (3M)905.78K
Market Cap
$6.15B
Enterprise Value$10.85B
Total Cash (Recent Filing)$200.00M
Total Debt (Recent Filing)$4.94B
Price to Earnings (P/E)16.0
Beta0.62
Next Earnings
Jul 29, 2026EPS Estimate
3.46Next Dividend Ex-DateN/A
Dividend Yield0.38%
Share Statistics
EPS (TTM)5.44
Shares Outstanding69,696,910
10 Day Avg. Volume1,014,960
30 Day Avg. Volume905,783
Financial Highlights & Ratios
PEG Ratio-3.29
Price to Book (P/B)7.98
Price to Sales (P/S)2.76
P/FCF Ratio16.29
Enterprise Value/Market Cap1.76
Enterprise Value/Revenue3.68
Enterprise Value/Gross Profit10.90
Enterprise Value/Ebitda10.02
Forecast
1Y Price Target
$132.00Price Target Upside43.15% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)6.97
Revenue Forecast (FY)$3.03B
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationSustained, large operating and free cash flow provide durable internal funding for project capex, debt servicing, and strategic investments. This cash conversion strengthens financial flexibility, enabling continued rollouts (ETGs, Rockingham) and shareholder returns even if external funding tightens.
Revenue And Margin MomentumConsistent top-line growth combined with healthy operating and EBITDA margins indicates resilient demand across casino, wagering and racing operations. Durable margins support reinvestment and cover fixed costs, underpinning profitability through the business cycle and across geographic diversification.
Strategic Growth InitiativesProactive product expansion (ETGs), IP acquisitions (Preakness) and new properties (Rockingham, Victory Run) broaden revenue pools and customer reach. These structural initiatives create recurring incremental EBITDA and growth optionality beyond cyclical gaming trends, strengthening long-term franchise value.
Bears Say
Heavy LeverageVery high debt levels materially raise financial risk and constrain flexibility. Leverage increases sensitivity to revenue or margin shocks, limits ability to pursue large opportunistic M&A without refinancing, and amplifies covenant and interest-rate exposure over multiple quarters.
Margin Compression Vs Prior PeakDeclining net margins versus prior peaks suggest structural pressure from mix shifts, taxes, promotional spend or new market investments. Persistently lower margins would reduce free cash flow resilience and limit ability to both delever and fund expansion without extracting further operational efficiencies.
Regulatory UncertaintyState-by-state legislative unpredictability can restrict market access, cap growth of HRMs/iGaming, or force operational changes. Regulatory shifts materially affect takeout rates, permitted products and regional profitability, creating multi-quarter execution risk for expansion plans and recurring revenue streams.
Churchill Downs News
CHDN FAQ
What was Churchill Downs’s price range in the past 12 months?
Churchill Downs lowest stock price was $80.24 and its highest was $118.45 in the past 12 months.
What is Churchill Downs’s market cap?
Churchill Downs’s market cap is $6.15B.
When is Churchill Downs’s upcoming earnings report date?
Churchill Downs’s upcoming earnings report date is Jul 29, 2026 which is in 36 days.
How were Churchill Downs’s earnings last quarter?
Churchill Downs released its earnings results on Apr 22, 2026. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.009 by $0.201.
Is Churchill Downs overvalued?
According to Wall Street analysts Churchill Downs’s price is currently Undervalued.
Does Churchill Downs pay dividends?
Churchill Downs pays a Annually dividend of $0.438 which represents an annual dividend yield of 0.38%. See more information on Churchill Downs dividends here
What is Churchill Downs’s EPS estimate?
Churchill Downs’s EPS estimate is 3.46.
How many shares outstanding does Churchill Downs have?
Churchill Downs has 69,696,910 shares outstanding.
What happened to Churchill Downs’s price movement after its last earnings report?
Churchill Downs reported an EPS of $1.21 in its last earnings report, beating expectations of $1.009. Following the earnings report the stock price went up 10.085%.
Which hedge fund is a major shareholder of Churchill Downs?
Currently, no hedge funds are holding shares in CHDN
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Churchill Downs Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$132.00 (43.15% Upside)
$132.00 (43.15% Upside)
Blogger Sentiment
Bullish
CHDN Sentiment 70%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 82.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▼ 6.3%
Last 30 Days ▼ 6.3%
News Sentiment
Bearish
Bullish news 33%
Bearish news 67%
Bearish news 67%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-10.41%
12-Months-Change
Fundamentals
Return on Equity
36.88%
Trailing 12-Months
Asset Growth
1.88%
Trailing 12-Months
Company Description
Churchill Downs
Churchill Downs Incorporated (CDI) is a leading U.S. entertainment enterprise focused on horse racing, online wagering, and general gaming activities. Its extensive operations are categorized into three main divisions: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, CDI's portfolio included three pari-mutuel gaming venues in Kentucky, collectively featuring approximately 3,050 historical racing machines. The company also operates TwinSpires, a comprehensive digital platform offering betting on horse races, sports, and iGaming. Furthermore, CDI manages nine brick-and-mortar sportsbooks and runs casino gaming across eight states, housing around 11,000 slot machines and video lottery terminals, in addition to 200 table games. Beyond these core ventures, Churchill Downs Incorporated delivers streaming video of live horse races and replays, along with a wide array of racing and handicapping information. It also oversees the Bloodstock Research Information Services (BRIS) platform, a valuable source for horse racing statistical data. The company is additionally engaged in designing and deploying pari-mutuel wagering systems for racetracks, off-track betting facilities, and various other wagering enterprises. Established in 1875, Churchill Downs Incorporated is headquartered in Louisville, Kentucky.
CHDN Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed predominantly positive operational and financial momentum: record revenues and adjusted EBITDA, strong free cash flow, robust HRM growth in Kentucky (17% EBITDA increase) and solid gains in Virginia (6% EBITDA increase), successful launch of Marshall Yards, early traction from ETGs, and strategic acquisition of Preakness IP. Challenges cited were localized (weather-related disruption, Louisiana HRM cessation), some competitive impacts and customer-mix softness outside Kentucky, and ongoing regulatory uncertainty. Overall, the positives — including clear growth initiatives, solid cash generation, and targeted capital deployment — materially outweigh the manageable headwinds discussed.View all CHDN earnings summariesCHDN Net revenue Breakdown
42.54% Live and Historical Racing
39.35% Gaming
18.07% TwinSpires
0.04% Other
CHDN Stock 12 Month Forecast
Average Price Target
$132.00
▲(43.15% Upside)
Technical Analysis
Ownership Overview
5.89% Insiders
24.17% Mutual Funds
24.06% Other Institutional Investors
25.89% Public Companies and
Individual Investors