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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)972.49K
Market Cap
$5.85B
Enterprise Value$10.98K
Total Cash (Recent Filing)$200.00M
Total Debt (Recent Filing)$4.94B
Price to Earnings (P/E)15.4
Beta0.60
Next Earnings
Jul 29, 2026EPS Estimate
3.47Next Dividend Ex-DateN/A
Dividend Yield0.38%
Share Statistics
EPS (TTM)5.44
Shares Outstanding69,696,910
10 Day Avg. Volume801,391
30 Day Avg. Volume972,485
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$130.22Price Target Upside41.22% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)6.99
Revenue Forecast (FY)$3.03B
Bulls Say, Bears Say
Bulls Say
Resilient Free Cash Flow GenerationSustained operating cash flow (~$818M TTM) and a rebound in free cash flow (~$734M TTM; Q1 FCF $276M) provide durable internal funding for capex, Derby investments, debt service, and strategic deals. Improved cash conversion reduces reliance on markets and supports multi-year growth plans and shareholder programs.
Flagship Event And Asset Moat (Derby Week)The Kentucky Derby and associated hospitality, sponsorship, and licensing create a durable, hard-to-replicate revenue stream that drives outsized event EBITDA annually. This flagship asset supports cross-sell to on-property casinos and digital channels, stabilizes cash flow seasonally, and underpins long-term brand monetization.
Product Expansion And Pipeline ExecutionEarly ETG rollouts (accretive to gross gaming revenue) plus on-budget openings like Marshall Yards and a defined Rockingham timeline demonstrate scalable product expansion. Successful rollouts diversify revenue per property, deepen customer databases, and create repeatable unit economics across markets over multiple years.
Bears Say
High Financial LeverageA very large debt load limits financial flexibility and raises downside risk if growth or margins weaken. Elevated leverage increases interest and covenant sensitivity, constrains the pace of opportunistic investments, and makes the firm more exposed to cyclical dips in wagering or event attendance.
Net Margin Compression Vs Prior PeakA meaningful decline in net margins versus historical peaks signals structural pressure—whether higher SG&A, promotional spend for digital growth, tax or interest costs—that could limit incremental free cash flow expansion. Sustained margin drag would reduce the cushion for leverage and long-term reinvestment.
Regulatory And Localized Operational RisksDependence on state-by-state licensing and unpredictable legislative outcomes can curtail HRM and iGaming rollouts and alter tax/operating economics. Localized disruptions (weather, competition, jurisdictional cessations) create execution risk for physical assets and complicate multi-year revenue visibility across regions.
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 $5.85B.
When is Churchill Downs’s upcoming earnings report date?
Churchill Downs’s upcoming earnings report date is Jul 29, 2026 which is in 9 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 3.47.
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
1
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10
Analyst Consensus
Strong Buy
Average Price Target:
$130.22 (41.22% Upside)
$130.22 (41.22% Upside)
Blogger Sentiment
Bullish
CHDN Sentiment 70%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Increased
By 82.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 0.9%
Last 30 Days ▲ 0.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-20.69%
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 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
$130.22
▲(41.22% Upside)
Technical Analysis
Ownership Overview
5.89% Insiders
24.78% Mutual Funds
1.08% Other Institutional Investors
47.90% Public Companies and
Individual Investors