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Churchill Downs (CHDN)
NASDAQ:CHDN
CHDN Stock Chart & Stats
$93.78
-$0.14(-0.11%)
At close: 4:00 PM EST
$93.78
-$0.14(-0.11%)
Day’s Range― - ―
52-Week Range$85.58 - $119.11
Previous CloseN/A
Volume51.23K
Average Volume (3M)848.17K
Market Cap
$6.54B
Enterprise Value$7.34B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$802.50M
Price to Earnings (P/E)17.4
Beta0.68
Next Earnings
Apr 29, 2026EPS Estimate
1.03Next Dividend Ex-DateN/A
Dividend Yield0.38%
Share Statistics
EPS (TTM)0.97
Shares Outstanding69,696,370
10 Day Avg. Volume1,113,357
30 Day Avg. Volume848,169
Financial Highlights & Ratios
PEG Ratio-3.29
Price to Book (P/B)-39.77
Price to Sales (P/S)2.76
P/FCF Ratio16.29
Enterprise Value/Market Cap1.12
Enterprise Value/Revenue2.51
Enterprise Value/Gross Profit7.47
Enterprise Value/Ebitda6.86
Forecast
1Y Price Target
$135.67Price Target Upside44.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)6.73
Revenue Forecast (FY)$3.03B
Bulls Say, Bears Say
Bulls Say
Revenue & Margin Track RecordConsistent multi-year revenue and EBITDA expansion signals durable demand across racing, casinos, and wagering. Sustained margins give management flexibility to reinvest in growth, fund capex projects like Rockingham, and support shareholder returns, strengthening competitive positioning.
Free Cash Flow & Capital ReturnsVery strong free cash generation provides a lasting source of internal funding for capex, share repurchases, dividends, and debt paydown. Reliable FCF reduces reliance on external financing and supports the company's plan to deleverage while maintaining strategic investments.
Digital Wagering & Product ExpansionGrowth in digital wagering and B2B deployments diversifies revenue away from footprint-dependent gaming. Scalable online products (Exacta) and broader HRM/ETG rollouts can improve long-term margins, customer retention, and cross-selling opportunities across states and partners.
Bears Say
High Leverage & Thin EquityElevated leverage and a thin or negative equity cushion materially increase financial risk in a cyclical leisure business. High debt raises interest costs, limits flexibility for downturns or opportunistic investments, and heightens covenant and refinancing sensitivity despite plans to reduce leverage.
2025 Financial Data InconsistenciesAccounting or reporting inconsistencies in the 2025 income statement impair trend visibility and weaken confidence in underlying performance. This complicates forecasting of sustainable margins and cash conversion, making medium-term planning and evaluation of operational progress less reliable.
Regulatory & IGaming Competition RiskRegulatory changes and expanded iGaming can structurally alter market access, tax/takeout economics, and competitive dynamics. Adverse legislation or unfavorable rule changes would pressure retail HRM economics, require strategic responses, and could reduce long-term revenue per customer.
Churchill Downs News
CHDN FAQ
What was Churchill Downs’s price range in the past 12 months?
Churchill Downs lowest stock price was $85.58 and its highest was $119.11 in the past 12 months.
What is Churchill Downs’s market cap?
Churchill Downs’s market cap is $6.54B.
When is Churchill Downs’s upcoming earnings report date?
Churchill Downs’s upcoming earnings report date is Apr 29, 2026 which is in 56 days.
How were Churchill Downs’s earnings last quarter?
Churchill Downs released its earnings results on Feb 25, 2026. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.969 by $0.001.
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 1.03.
How many shares outstanding does Churchill Downs have?
Churchill Downs has 69,696,370 shares outstanding.
What happened to Churchill Downs’s price movement after its last earnings report?
Churchill Downs reported an EPS of $0.97 in its last earnings report, beating expectations of $0.969. Following the earnings report the stock price went down -6.002%.
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
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$135.67 (44.67% Upside)
$135.67 (44.67% Upside)
Blogger Sentiment
Bullish
CHDN Sentiment 80%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 395.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 5.8%
Last 30 Days ▲ 3.2%
Last 30 Days ▲ 3.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-21.30%
12-Months-Change
Fundamentals
Return on Equity
36.28%
Trailing 12-Months
Asset Growth
0.99%
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
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasizes multiple strong positives: record revenue and adjusted EBITDA, robust free cash flow ($700M), successful HRM expansion and technology (Exacta) driving a 7% adjusted EBITDA increase in Wagering Services, significant capital returns to shareholders, and confident forward guidance around the Kentucky Derby (projected $15–$20M incremental adjusted EBITDA) and continued project execution. Offsetting items are largely transitory or execution-timing related: modest margin pressure (-0.8 points) in regional gaming, early-stage ETG rollout, weather and local disruptions, tariff-related sales-cycle volatility earlier in the year, and routine legislative/regulatory uncertainty. Overall, highlights materially outweigh the lowlights and the tone is optimistic regarding 2026 growth and deleveraging.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
$135.67
▲(44.67% Upside)
Technical Analysis
Ownership Overview
5.86% Insiders
28.79% Mutual Funds
16.40% Other Institutional Investors
29.81% Public Companies and
Individual Investors