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CHDN Stock Chart & Stats
$86.50
$1.64(1.90%)
At close: 4:00 PM EDT
$86.50
$1.64(1.90%)
Day’s Range― - ―
52-Week Range$79.40 - $118.35
Previous CloseN/A
Volume494.47K
Average Volume (3M)975.01K
Market Cap
$6.02B
Enterprise Value$10.81K
Total Cash (Recent Filing)$196.00M
Total Debt (Recent Filing)$4.77B
Price to Earnings (P/E)15.1
Beta0.60
Next Earnings
Oct 28, 2026EPS Estimate
1.22Next Dividend Ex-DateN/A
Dividend Yield0.49%
Share Statistics
EPS (TTM)5.85
Shares Outstanding69,700,240
10 Day Avg. Volume673,989
30 Day Avg. Volume975,006
Financial Highlights & Ratios
PEG Ratio-3.29
Price to Book (P/B)7.98
Price to Sales (P/S)2.76
P/FCF Ratio26.04
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$129.80Price Target Upside50.06% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)6.96
Revenue Forecast (FY)$3.03B
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationSustained operating cash flow (~$796M TTM) and robust free cash flow (~$686M TTM) provide durable internal funding for maintenance and project capex, debt paydown, and strategic investments, improving resilience through economic cycles and supporting long-term capital allocation flexibility.
Scale And ProfitabilityNear-$3B revenue scale combined with high EBITDA/EBIT margins reflects meaningful operating leverage across casinos, wagering and racing. Durable margins and diversified revenue streams support consistent cash generation and competitive positioning versus smaller regional operators.
HRM Momentum And Racetrack StrengthYear-over-year EBITDA gains in Kentucky HRMs and record Live & Historical Racing performance show durable product expansion and event monetization (e.g., Derby week). These assets drive high-margin, repeatable revenue and create cross-sell opportunities across on-property and digital channels.
Bears Say
Elevated LeverageHigh absolute debt levels and leverage (~4.5x debt/equity TTM) limit financial flexibility for opportunistic investments and increase sensitivity to revenue or margin shocks. Even with recent improvement from peak leverage, servicing large debt loads constrains strategic optionality over multiple quarters.
Margin Compression & Cashflow VolatilityAlthough recent FCF rebounded, prior negative FCF and multi-year margin compression signal earnings quality and cyclicality risks. Volatile free cash flow and narrower margins reduce the predictability of internally generated funds and complicate reliable deleveraging and reinvestment plans.
Regulatory And Strategic-sale UncertaintyA corporate review considering divestiture of multiple gaming assets introduces execution and strategic risk: potential loss of diversified cash flows, transitional operational disruption, and uncertainty on capital redeployment, while ongoing regulatory unpredictability can alter asset economics over time.
Churchill Downs News
CHDN FAQ
What was Churchill Downs’s price range in the past 12 months?
Churchill Downs lowest stock price was $79.40 and its highest was $118.35 in the past 12 months.
What is Churchill Downs’s market cap?
Churchill Downs’s market cap is $6.02B.
When is Churchill Downs’s upcoming earnings report date?
Churchill Downs’s upcoming earnings report date is Oct 28, 2026 which is in 77 days.
How were Churchill Downs’s earnings last quarter?
Churchill Downs released its earnings results on Jul 29, 2026. The company reported $3.45 earnings per share for the quarter, missing the consensus estimate of $3.451 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 0.49%. See more information on Churchill Downs dividends here
What is Churchill Downs’s EPS estimate?
Churchill Downs’s EPS estimate is 1.22.
How many shares outstanding does Churchill Downs have?
Churchill Downs has 69,700,240 shares outstanding.
What happened to Churchill Downs’s price movement after its last earnings report?
Churchill Downs reported an EPS of $3.45 in its last earnings report, missing expectations of $3.451. Following the earnings report the stock price went down -6.597%.
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
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5
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7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$129.80 (50.06% Upside)
$129.80 (50.06% Upside)
Blogger Sentiment
Bullish
CHDN Sentiment 71%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 82.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days >0.1%
Last 30 Days ▲ 1.7%
Last 30 Days ▲ 1.7%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-23.66%
12-Months-Change
Fundamentals
Return on Equity
0.49%
Trailing 12-Months
Asset Growth
1.97%
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
Q2 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
$129.80
▲(50.06% Upside)
Technical Analysis
Ownership Overview
5.89% Insiders
24.78% Mutual Funds
5.24% Other Institutional Investors
43.51% Public Companies and
Individual Investors