Churchill Downs (CHDN) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CHDN shares.
View CHDN analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued 1-year price objectives for Churchill Downs' shares. Their CHDN share price forecasts range from $121.50 to $155.00. On average, they anticipate the company's share price to reach $141.75 in the next year. This suggests a possible upside of 21.9% from the stock's current price.
View analysts price targets for CHDN or view top-rated stocks among Wall Street analysts.

Churchill Downs' stock was trading at $105.7150 at the start of the year. Since then, CHDN shares have increased by 10.0% and is now trading at $116.31.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our CHDN earnings forecast.

Churchill Downs Incorporated (NASDAQ:CHDN) posted its earnings results on Wednesday, July, 26th. The company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.50 by $0.26. The firm earned $768.50 million during the quarter, compared to analysts' expectations of $792.70 million. Churchill Downs had a net margin of 16.28% and a trailing twelve-month return on equity of 53.61%. The business's revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.95 EPS.

Churchill Downs declared an annual dividend on Wednesday, October 26th. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.357 per share on Friday, January 6th. This represents a yield of 0.36%. The ex-dividend date of this dividend is Thursday, December 1st.
Read our dividend analysis for CHDN.

ETFs with the largest weight of Churchill Downs (NASDAQ:CHDN) stock in their portfolio include Roundhill Sports Betting & iGaming ETF (BETZ), VanEck Gaming ETF (BJK), Invesco Leisure and Entertainment ETF (PEJ), B.A.D. Etf (BAD), Corbett Road Tactical Opportunity ETF (OPPX), Fidelity Small-Mid Cap Opportunities ETF (FSMO), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and ALPS Global Travel Beneficiaries ETF (JRNY).

Churchill Downs (NASDAQ:CHDN) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.31%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 7.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHDN will have a dividend payout ratio of 5.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHDN.

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

16 employees have rated Churchill Downs Chief Executive Officer Bill Carstanjen on Glassdoor.com. Bill Carstanjen has an approval rating of 100% among the company's employees. This puts Bill Carstanjen in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 51.0% of employees surveyed would recommend working at Churchill Downs to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Churchill Downs investors own include NVIDIA (NVDA), Marvell Technology (MRVL), Alibaba Group (BABA), Intuitive Surgical (ISRG), Block (SQ), Baidu (BIDU), JD.com (JD), Boeing (BA), CRISPR Therapeutics (CRSP) and Teladoc Health (TDOC).

Churchill Downs trades on the NASDAQ under the ticker symbol "CHDN."

Shares of CHDN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CHDN stock can currently be purchased for approximately $116.31.

Churchill Downs (NASDAQ:CHDN) has a market capitalization of $8.71 billion and generates $1.81 billion in revenue each year. The company earns $439.40 million in net income (profit) each year or $4.6650 on an earnings per share basis.

The company employs 7,000 workers across the globe.

Churchill Downs' mailing address is 600 NORTH HURSTBOURNE PARKWAY SUITE 400, LOUISVILLE KY, 40222. The official website for the company is www.churchilldownsincorporated.com. The company can be reached via phone at (502) 636-4400, via email at investor.relations@kyderby.com, or via fax at 502-636-4430.