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Churchill Downs (CH:CHR)
:CHR

Churchill Downs (CHR) Price & Analysis

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CHR Stock Chart & Stats

Currently, no data available
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Bulls Say, Bears Say

Bulls Say
Diversified Gaming, Racing, And Digital Wagering ModelCHDN combines casino operations, marquee horse racing, advance-deposit wagering, and interactive gaming exposure. This diversified model spreads earnings across venue-based entertainment and digital channels, while the Kentucky Derby and TwinSpires provide distinctive assets that can support customer engagement over multiple periods.
Broad-based Operating Growth And Strong Brand EngagementRecord quarterly revenue and EBITDA, alongside growth across racing, gaming, wagering services, and Kentucky HRMs, indicate that momentum is not dependent on one operating area. Derby attendance, viewership, social reach, and wagering records also reinforce the durability of CHDN’s event-driven brand.
Improved Refinancing Flexibility And Liquidity RunwayExtending major maturities and refinancing existing borrowings reduces near-term refinancing concentration and gives CHDN more time to direct operating cash flow toward investment and debt management. The liability-management actions strengthen financial flexibility, even though leverage remains elevated.
Bears Say
High Leverage Limits Financial FlexibilityDebt remains high relative to equity and operating leverage is still material despite recent improvement. This amplifies downside if gaming or racing conditions weaken, consumes cash through financing obligations, and can constrain CHDN’s ability to fund projects, acquisitions, or shareholder returns during softer periods.
Cash-flow Conversion And Earnings Margins Are UnevenRecent cash generation is strong, but the historical volatility and incomplete conversion of reported earnings into free cash flow make results less predictable. Margin compression from prior peaks further suggests that profitability may not remain fully insulated from capital needs, operating changes, or business mix.
Regional Competition And Portfolio-transition Execution RiskNew competition is already limiting growth in central Virginia, while the planned review of nine regional properties introduces execution risk around timing, proceeds, and operating disruption. The portfolio pivot could sharpen strategic focus, but its benefits depend on successfully completing disposals and redeploying capital.

Churchill Downs News

CHR FAQ

What was Churchill Downs’s price range in the past 12 months?
Currently, no data Available
What is Churchill Downs’s market cap?
Churchill Downs’s market cap is CHF4.32B.
    When is Churchill Downs’s upcoming earnings report date?
    Churchill Downs’s upcoming earnings report date is Oct 28, 2026 which is in 25 days.
      How were Churchill Downs’s earnings last quarter?
      Churchill Downs released its earnings results on Jul 29, 2026. The company reported CHF2.858 earnings per share for the quarter, missing the consensus estimate of CHF2.859 by >-CHF0.001.
        Is Churchill Downs overvalued?
        According to Wall Street analysts Churchill Downs’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
          Does Churchill Downs pay dividends?
          Churchill Downs does not currently pay dividends.
          What is Churchill Downs’s EPS estimate?
          Churchill Downs’s EPS estimate is 1.01.
            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 CHF2.858 in its last earnings report, missing expectations of CHF2.859. Following the earnings report the stock price went same N/A.
                Which hedge fund is a major shareholder of Churchill Downs?
                Currently, no hedge funds are holding shares in CH:CHR
                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

                  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.

                  Churchill Downs (CHR) Earnings & Revenues

                  CHR Earnings Call

                  Q2 2026
                  0:00 / 0:00
                  Earnings Call Sentiment|Positive
                  The call emphasized strong, broad-based operational and financial momentum: record revenue and adjusted EBITDA, robust Derby Week performance (attendance, viewership, social engagement, and wagering), solid segment-level EBITDA growth, strong free cash flow and disciplined capital allocation. Management outlined clear strategic priorities, confirmed major development projects are on time and on budget, and proposed sales of non-core regional gaming assets to reduce leverage and focus on core growth pillars (Derby, HRMs, TwinSpires). Key challenges include localized competitive pressure in Virginia, a modest early ETG rollout that needs acceleration, execution risk around selling nine regional properties, and ongoing near-term regulatory and market transitions (e.g., Pennsylvania). Overall, positives materially outweigh the manageable challenges.View all CH:CHR earnings summaries

                  CHR Net revenue Breakdown

                  42.54%42.54%39.35%18.07%0.04%
                  42.54% Live and Historical Racing
                  39.35% Gaming
                  18.07% TwinSpires
                  0.04% Other
                  tipranks

                  CHR Stock 12 Month Forecast

                  Average Price Target

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