Churchill Downs Incorporated (CHDN)

Currency in USD
81.91
-0.31(-0.38%)
Closed·
81.910.00(0.00%)
·
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Fair Value
Day's Range
81.6182.96
52 wk Range
79.40118.35
Key Statistics
Prev. Close
81.91
Open
82.22
Day's Range
81.61-82.96
52 wk Range
79.4-118.35
Volume
1.95M
Average Vol. (3m)
1.04M
1-Year Change
-14.0504%
Book Value / Share
19.24
Fair Value
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Fair Value Upside
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CHDN Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
130.58
Upside
+59.42%
Members' Sentiments
Bearish
Bullish
ProTips
4 analysts have revised their earnings downwards for the upcoming period
Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Strong Sell

Analyst Ratings

12 Buy
0 Hold
0 Sell
Ratings:
12 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 130.58
(+59.42% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Wolfe Research
Buy---New CoverageSep 01, 2026
Mizuho
Buy157.00+91.67%155.00MaintainAug 03, 2026
Wells Fargo
Buy117.00+42.84%120.00MaintainJul 31, 2026
Susquehanna
Buy124.00+51.39%121.00MaintainJul 31, 2026
Citizens
Buy137.00+67.26%149.00MaintainJul 31, 2026

Churchill Downs Incorporated SWOT Analysis


Financial Forecast
Analysts project a bright future for Churchill Downs, with price targets ranging from $125 to $166, reflecting confidence in the company's growth strategy
Diversification Drive
Learn how Churchill Downs is mitigating risks through a multi-faceted approach, balancing traditional racing with innovative gaming and online wagering solutions
HRM Expansion
Delve into Churchill Downs' aggressive expansion in Historical Horse Racing markets, driving significant EBITDA growth and reshaping the company's portfolio
Derby's Dilemma
Explore Churchill Downs' strategic pivot as the iconic Kentucky Derby faces challenges, impacting the company's revenue streams and growth prospects
Read full SWOT analysis

Churchill Downs Incorporated Earnings Call Summary for Q2/2026

  • Churchill Downs posted record Q2 revenue of $980M and adjusted EBITDA of $477M, but EPS of $3.45 missed estimates by $0.01, sending shares down 5.2%.
  • Company announced plans to sell nine regional gaming properties to focus on Kentucky Derby, HRM businesses, and TwinSpires wagering platform.
  • Derby week drove strong results with 386K+ guests and record wagering; event expected to add $15M-$18M incremental EBITDA in 2026 versus prior year.
  • Management plans to use asset sale proceeds to reduce leverage from 3.7x, fund $285M Victory Run project completion by 2028, and repurchase shares.
  • Full-year capex guidance set at $180M-$220M for projects and $90M-$110M for maintenance; leverage target of 3.6-3.8x through 2026, declining in 2027.
Last Updated: 07/30/2026, 10:29 AM
Read Full Transcript

Earnings

Latest Release
Jul 29, 2026
EPS / Forecast
3.45 / 3.46
Revenue / Forecast
980M / 977.85M
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 5.88%
Dividend Yield
0.53%
Industry Median 2.30%
Annualized Payout
0.44
Paid unevenly
5-Years Growth
+7.09%
Growth Streak

CHDN Income Statement

Compare CHDN to Peers and Sector

Metrics to compare
CHDN
Peers
Sector
Relationship
P/E Ratio
13.9x60.4x9.8x
PEG Ratio
11.915.330.02
Price / Book
4.3x20.9x1.4x
Price / LTM Sales
1.9x5.7x0.9x
Upside (Analyst Target)
59.4%32.7%32.5%
Fair Value Upside
Unlock19.6%12.6%Unlock

Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment engages in live and historical pari-mutuel racing related activities at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia, and New Hampshire; provides racing event-related services, including admissions, personal seat licenses, sponsorships, television rights, and other miscellaneous services, as well as food and beverages services. The Wagering Services and Solutions engages in pari-mutuel wagers through TwinSpires, which operates the online horse racing wagering business for TwinSpires.com, BetAmerica.com, and other white-label platforms; facilitates dollar wagering; provides the Bloodstock Research Information Services platform for horse racing statistical data; offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides technology services to third parties. This segment also operates retail and online sports betting businesses, United Tote, which manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses, and Exacta, which provides central determinant system technology in HRMs. The Gaming segment operates the casino properties and associated racetracks, which include slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, racing event-related services, and other miscellaneous operations. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
29.84M42.81%2.44B
Other Institutional Investors
32.42M46.52%2.66B
Public Companies & Retail Investors
7.44M10.68%609.56M
Total
69.7M100.00%5.71B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.8.90%6,202,008508,006
Vanguard Capital Management, LLC4.89%3,408,423279,184

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FAQ

What Is the Churchill Downs (CHDN) Stock Price Today?

The Churchill Downs stock price today is 81.91 USD.

What Stock Exchange Does Churchill Downs Trade On?

Churchill Downs is listed and trades on the Nasdaq Stock Exchange.

What Is the Stock Symbol for Churchill Downs?

The stock symbol for Churchill Downs is "CHDN."

Does Churchill Downs Pay Dividends? What’s The Current Dividend Yield?

The Churchill Downs dividend yield is 0.53%.

What Is the Churchill Downs Market Cap?

As of today, Churchill Downs market cap is 5.71B USD.

What Is Churchill Downs's Earnings Per Share (TTM)?

The Churchill Downs EPS (TTM) is 5.88.

When Is the Next Churchill Downs Earnings Date?

Churchill Downs will release its next earnings report on Oct 28, 2026.

From a Technical Analysis Perspective, Is CHDN a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has Churchill Downs Stock Split?

Churchill Downs has split 4 times.

How Many Employees Does Churchill Downs Have?

Churchill Downs has 7800 employees.

What is the current trading status of Churchill Downs (CHDN)?

As of Sep 20, 2026, Churchill Downs (CHDN) is trading at a price of 81.91 USD, with a previous close of 81.91 USD. The stock has fluctuated within a day range of 81.61 USD to 82.96 USD, while its 52-week range spans from 79.40 USD to 118.35 USD.

What Is Churchill Downs (CHDN) Price Target According to Analysts?

The average 12-month price target for Churchill Downs is 130.58 USD, with a high estimate of 157 USD and a low estimate of 100 USD. 12 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Strong Buy. The stock has an +59.42% Upside potential.

What Is the CHDN Premarket Price?

CHDN's last pre-market stock price is 82.95 USD. The pre-market share volume is 620.00, and the stock has decreased by 0.73, or 0.89%.
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