Churchill Downs (CHR) Stock Price & Analysis
CHR Stock Chart & Stats
- Day’s Range
- EUR 81.00 - EUR 84.50
- 52-Week Range
- EUR 65.50 - EUR 98.50
- Previous Close
- EUR 79.50
- Volume
- 0
- Average Volume (3M)
- 6
- Market Cap
- EUR 5.80B
- Enterprise Value
- EUR 9.79B
- Total Cash (Recent Filing)
- EUR 167.00M
- Total Debt (Recent Filing)
- EUR 4.73B
- Price to Earnings (P/E)
- 14.7
- Beta
- 0.31
- Next Earnings
- Feb 24, 2027 (Est.)
- EPS Estimate
- 0.93
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 0.44%
Bulls Say, Bears Say
Bulls Say
Revenue And Profitability Growth
Revenue has expanded substantially while the company maintains solid profitability, demonstrating operating scale across gaming, racing and wagering. This combination provides a durable earnings base that can support reinvestment, shareholder returns and resilience through normal changes in consumer demand and business mix.
Strong Free Cash Flow Generation
Strong free cash flow gives Churchill Downs flexibility to reduce debt, fund attractive growth projects and return capital to shareholders. Cash generation also strengthens management's ability to pursue its multi-year investment program without relying exclusively on external financing.
High-margin Flagship Racetrack Asset
The flagship racetrack and Kentucky Derby provide a differentiated entertainment platform with premium demand, strong margins and opportunities for hospitality, sponsorship and media monetization. Continued investment can deepen this competitive advantage and support durable earnings growth.
Bears Say
High Leverage
High debt and elevated debt-to-equity reduce financial flexibility if operating conditions weaken or refinancing costs rise. Leverage can also constrain capital allocation, because a greater portion of future cash generation may need to support debt service and balance-sheet repair.
Weak Cash Conversion Relative To Earnings
Although cash generation is positive, the gap between accounting earnings and operating cash flow indicates that working-capital movements or investment needs may remain meaningful. Less consistent conversion can limit deleveraging speed and make internally funded growth less predictable.
New Virginia Racing Tax Burden
The new tax directly increases costs in Central Virginia and lowers the earnings contribution from affected racing operations. If the charge persists, it can pressure regional margins and reduce the cash available for reinvestment, debt reduction or shareholder returns.
CHR FAQ
What was Churchill Downs’s price range in the past 12 months?
What is Churchill Downs’s market cap?
When is Churchill Downs’s upcoming earnings report date?
How were Churchill Downs’s earnings last quarter?
Is Churchill Downs overvalued?
Does Churchill Downs pay dividends?
What is Churchill Downs’s EPS estimate?
How many shares outstanding does Churchill Downs have?
What happened to Churchill Downs’s price movement after its last earnings report?
Which hedge fund is a major shareholder of Churchill Downs?
What is the TipRanks Smart Score and how is it calculated?
Churchill Downs Stock Smart Score
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.
- Sector
- Consumercyclical
- Industry
- Gambling, Resorts & Casinos
- CEO
- William C. Carstanjen
- Employees
- 7,800
- Website
- www.churchilldownsincorporated.com
- Address
- 600 North Hurstbourne Parkway, Louisville, KY, 40222, US
Churchill Downs (CHR) Earnings & Revenues
CHR Earnings Call
Earnings Call SentimentPositive
The call was strongly positive overall. The company reported record revenue and adjusted EBITDA, strong Kentucky and Gaming segment performance, robust free cash flow, increasing Derby demand, progress on regional asset sales, and multiple growth initiatives across the Derby, HRM and TwinSpires platforms. The main challenges were competitive pressure and a new tax affecting Central Virginia, a $6 million year-over-year decline in Virginia adjusted EBITDA excluding a prior-year insurance recovery, and the fact that the TCS and certain HRM product initiatives still require execution and ramp-up.
View all DE:CHR earnings summariesCHR Net sales Breakdown
- 42.54% Live and Historical Racing
- 39.35% Gaming
- 18.07% TwinSpires
- 0.04% Other
CHR Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 2 | 4 |
| Technical Analysis | 3 | 2 | 4 |
| Moving Averages | 12 | 0 | 0 |







