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)895.51K
Market Cap
$6.43B
Enterprise Value$11.16B
Total Cash (Recent Filing)$200.00M
Total Debt (Recent Filing)$4.93B
Price to Earnings (P/E)19.4
Beta0.69
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. Volume793,673
30 Day Avg. Volume895,515
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 Cap1.74
Enterprise Value/Revenue3.79
Enterprise Value/Gross Profit11.20
Enterprise Value/Ebitda10.70
Forecast
1Y Price Target
$129.57Price Target Upside40.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)6.89
Revenue Forecast (FY)$3.03B
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationSustained operating cash flow (~$818M TTM) and a $734M free cash flow profile provide durable internal funding for growth projects, maintenance capex, and debt reduction. This cash conversion supports capital discipline (2026 project capex guidance) and reduces reliance on external financing over the medium term.
Product Expansion And Digital GrowthRepeatable rollouts of HRMs and early ETG deployments diversify revenue streams and raise per-location economics. Digital/wagering services growth and TwinSpires improvements broaden market access and customer acquisition channels, supporting more predictable, recurring revenue beyond marquee race dates.
Marquee Event/IP StrengthThe Kentucky Derby and newly acquired Preakness IP create durable, high-margin event economics, drive sponsorship/media rights value, and concentrate seasonal revenue with strong pricing power. These proprietary assets sustain brand moat and recurring, outsized cash generation each year.
Bears Say
High LeverageVery elevated leverage materially constrains financial flexibility and heightens downside risk if volumes or margins weaken. High debt levels limit ability to accelerate organic growth or pursue M&A without increasing funding risk, and make the company sensitive to interest-rate and covenant stress.
Margin CompressionA meaningful decline in net margin over multiple years signals structural mix shifts, higher operating or promotional costs, or tax/regulatory impacts. Lower margin headroom reduces earnings resilience, limits reinvestment or deleveraging capacity, and makes profits more cyclical amid demand swings.
Regulatory & Regional RisksRegulatory unpredictability around HRMs and iGaming and localized cessations (e.g., Louisiana) create persistent policy risk across jurisdictions. Combined with customer-mix softness outside Kentucky, this raises the odds of uneven revenue adoption and makes long-range planning and market access expansion more uncertain.
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 $6.43B.
When is Churchill Downs’s upcoming earnings report date?
Churchill Downs’s upcoming earnings report date is Jul 29, 2026 which is in 83 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
Outperform
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10
Analyst Consensus
Strong Buy
Average Price Target:
$129.57 (40.51% Upside)
$129.57 (40.51% Upside)
Blogger Sentiment
Bullish
CHDN Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 395.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 4.2%
Last 30 Days ▲ 3.2%
Last 30 Days ▲ 3.2%
News Sentiment
Bullish
Bullish news 79%
Bearish news 20%
Bearish news 20%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-8.67%
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 operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and 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
$129.57
▲(40.51% Upside)
Technical Analysis
Ownership Overview
5.89% Insiders
26.25% Mutual Funds
4.00% Other Institutional Investors
44.17% Public Companies and Individual Investors