Churchill Downs (CHDN) Stock Price, News & Analysis

Company Overview

Churchill Downs Incorporated is a leading racing, online wagering and gaming entertainment company best known for operating the historic Churchill Downs racetrack in Louisville, Kentucky. Since its founding in 1875, the venue has hosted the annual Kentucky Derby, one of the world’s premier thoroughbred racing events. Beyond the flagship Louisville track, Churchill Downs Incorporated owns and operates additional racetracks, off-track betting facilities and resort casinos across multiple U.S. states, offering a diverse portfolio of live and simulcast racing opportunities.

The company’s operations are organized into segments that include Racing, Casinos & Resort Gaming, and Online Wagering. Its horseshoe-branded casinos provide table games, slot machines, hotel accommodations, dining and live entertainment. Through its TwinSpires platform, Churchill Downs offers digital wagering on horse racing, sports and other events, supplementing on-site offerings with a robust online presence and mobile applications. Strategic partnerships and technology investments have expanded access to global gaming audiences, while retail kiosks and convenience wagering terminals strengthen its domestic footprint.

Churchill Downs Incorporated serves customers across the United States and in select international markets. Its live events calendar features not only the Kentucky Derby Festival but also local stakes races, concerts and hospitality experiences that draw visitors year-round. The company regularly engages in community outreach and philanthropic initiatives in host cities, supporting equine welfare, youth education and economic development programs. Investment in facility upgrades, sustainability initiatives and guest amenities underscores Churchill Downs’ commitment to enhancing the spectator and gaming experience.

Leadership at Churchill Downs Incorporated is guided by a seasoned executive team with extensive racing and gaming expertise. William "Bill" M. Carstanjen serves as President and Chief Executive Officer, overseeing corporate strategy, operations and growth initiatives. The board of directors comprises industry veterans and independent members who provide governance and oversight. As the company continues to evolve, it seeks to balance its rich heritage in horse racing with innovative gaming solutions and expanded guest offerings across multiple entertainment venues.

Key Stats

• Today's Range: $104.96 to $105.89
• 50-Day Range: $88.35 to $105.76
• 52-Week Range: $85.58 to $150.21
• Volume: 309,304 shs
• Average Volume: 587,138 shs
• Market Capitalization: $7.64 billion
• P/E Ratio: 18.82
• Dividend Yield: 0.39%
• Price Target: $139.91
• Consensus Rating: Buy

Churchill Downs Stock Analysis - MarketRank™

Churchill Downs scored higher than 100% of companies evaluated by MarketBeat, and ranked 1st out of 861 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

Churchill Downs has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 11 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Churchill Downs has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.87%

Earnings Growth

Earnings for Churchill Downs are expected to grow by 13.87% in the coming year, from $6.92 to $7.88 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Churchill Downs is 18.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of Churchill Downs is 18.82, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 20.99.

Price to Earnings Growth Ratio

Churchill Downs has a PEG Ratio of 2.99. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Churchill Downs has a P/B Ratio of 7.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.25% of the float of Churchill Downs has been sold short.

Short Interest Ratio / Days to Cover

Churchill Downs has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Churchill Downs has recently increased by 10.45%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Churchill Downs has a dividend yield of 0.39%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Churchill Downs has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of Churchill Downs is 7.30%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Churchill Downs will have a dividend payout ratio of 5.20% next year. This indicates that Churchill Downs will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -2.92

Percentage of Shares Shorted

3.25% of the float of Churchill Downs has been sold short.

Short Interest Ratio / Days to Cover

Churchill Downs has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Churchill Downs has recently increased by 10.45%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.61

News Sentiment

Churchill Downs has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Churchill Downs this week, compared to 10 articles on an average week.

Search Interest

Only 1 people have searched for CHDN on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

6 people have added Churchill Downs to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Churchill Downs insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,113,000.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 5.34% of the stock of Churchill Downs is held by insiders.

Percentage Held by Institutions

82.59% of the stock of Churchill Downs is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CHDN Stock Analysis - Frequently Asked Questions

How have CHDN shares performed this year?

Churchill Downs' stock was trading at $133.54 at the beginning of 2025. Since then, CHDN stock has decreased by 20.8% and is now trading at $105.7640.

How were Churchill Downs' earnings last quarter?

Churchill Downs, Incorporated (NASDAQ:CHDN) announced its quarterly earnings results on Wednesday, April, 23rd. The company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by $0.01. The business's quarterly revenue was up 8.7% compared to the same quarter last year.
Read the conference call transcript.

When did Churchill Downs' stock split?

Shares of Churchill Downs split on Monday, May 22nd 2023.The 2-1 split was announced on Tuesday, April 25th 2023. The newly issued shares were payable to shareholders after the closing bell on Friday, May 19th 2023. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Is Churchill Downs buying back stock?

Churchill Downs' Board of Directors authorized a stock repurchase plan on Wednesday, March 12th 2025, which permits the company to repurchase $500,000,000 in shares, according to EventVestor. This means that the company could buy up to 6.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

How do I buy shares of Churchill Downs?

Shares of CHDN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Churchill Downs own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Churchill Downs investors own include Broadcom (AVGO), IDEXX Laboratories (IDXX), Tesla (TSLA), NVIDIA (NVDA), Applied Materials (AMAT), Meta Platforms (META) and Advanced Micro Devices (AMD).

Company Calendar

• Record date for 4/15 Dividend: 3/31/2025
• Dividend Payable: 4/15/2025
• Last Earnings: 4/23/2025
• Today: 7/03/2025
• Next Earnings (Estimated): 7/23/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: GAMING
• Sub-Industry: Casinos & Gaming
• Current Symbol: NASDAQ:CHDN
• CIK: 20212
• Web: www.churchilldownsincorporated.com
• Phone: (502) 636-4400
• Fax: 502-636-4430
• Employees: 8,870
• Year Founded: 1875

Price Target and Rating

• Average Stock Price Target: $139.91
• High Stock Price Target: $158.00
• Low Stock Price Target: $116.00
• Potential Upside/Downside: +32.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 11 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.62
• Trailing P/E Ratio: 18.82
• Forward P/E Ratio: 15.28
• P/E Growth: 2.7
• Net Income: $426.80 million
• Net Margins: 15.19%
• Pretax Margin: 20.36%
• Return on Equity: 40.73%
• Return on Assets: 6.02%

Debt

• Debt-to-Equity Ratio: 4.49
• Current Ratio: 0.53
• Quick Ratio: 0.53

Sales & Book Value

• Annual Sales: $2.79 billion
• Price / Sales: 2.74
• Cash Flow: $8.91 per share
• Price / Cash Flow: 11.87
• Book Value: $14.74 per share
• Price / Book: 7.18

Miscellaneous

• Outstanding Shares: 72,232,000
• Free Float: 68,375,000
• Market Cap: $7.64 billion
• Optionable: Optionable
• Beta: 0.95