Churchill Downs Stock Forecast, Price & News

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

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Churchill Downs saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 820,600 shares, a decrease of 33.8% from the June 15th total of 1,240,000 shares. Based on an average trading volume of 348,500 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.4% of the shares of the stock are short sold.
View Churchill Downs' Short Interest.

Churchill Downs is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for Churchill Downs.

Churchill Downs will be holding an earnings conference call on Thursday, July 29th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Churchill Downs Incorporated (NASDAQ:CHDN) posted its quarterly earnings results on Tuesday, April, 20th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.31. The business earned $324.30 million during the quarter, compared to the consensus estimate of $290.95 million. Churchill Downs had a positive trailing twelve-month return on equity of 21.83% and a negative net margin of 1.99%. Churchill Downs's revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share.
View Churchill Downs' earnings history.

Churchill Downs' stock was trading at $98.88 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CHDN stock has increased by 91.1% and is now trading at $189.00.
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Churchill Downs declared an annual dividend on Friday, October 30th. Investors of record on Friday, December 4th will be given a dividend of $0.622 per share on Wednesday, January 6th. This represents a yield of 0.4%. The ex-dividend date is Thursday, December 3rd. This is an increase from Churchill Downs's previous annual dividend of $0.58.
View Churchill Downs' dividend history.

Churchill Downs pays an annual dividend of $0.62 per share and currently has a dividend yield of 0.33%. Churchill Downs does not yet have a strong track record of dividend growth. The dividend payout ratio of Churchill Downs is 74.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Churchill Downs will have a dividend payout ratio of 7.24% next year. This indicates that Churchill Downs will be able to sustain or increase its dividend.
View Churchill Downs' dividend history.

Churchill Downs shares split before market open on Monday, January 28th 2019. The 3-1 split was announced on Wednesday, October 31st 2018. The newly created shares were payable to shareholders after the market closes on Friday, January 25th 2019. An investor that had 100 shares of Churchill Downs stock prior to the split would have 300 shares after the split.

5 brokers have issued twelve-month price targets for Churchill Downs' shares. Their forecasts range from $180.00 to $254.00. On average, they anticipate Churchill Downs' stock price to reach $232.60 in the next year. This suggests a possible upside of 23.1% from the stock's current price.
View analysts' price targets for Churchill Downs or view top-rated stocks among Wall Street analysts.

7 employees have rated Churchill Downs CEO Bill Carstanjen on Glassdoor.com. Bill Carstanjen has an approval rating of 100% among Churchill Downs' employees. This puts Bill Carstanjen in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Churchill Downs include Las Vegas Sands (LVS), MGM Resorts International (MGM), Caesars Entertainment (CZR), Wynn Resorts (WYNN), Penn National Gaming (PENN), Advanced Drainage Systems (WMS), Boyd Gaming (BYD), Scientific Games (SGMS), International Game Technology (IGT), Monarch Casino & Resort (MCRI) and Isleworth Healthcare Acquisition (ISLE).
View all of CHDN's competitors.

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), Square (SQ), Baidu (BIDU), JD.com (JD), The Boeing (BA), CRISPR Therapeutics (CRSP) and Teladoc Health (TDOC).

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

Churchill Downs' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Stock Yards Bank & Trust Co. (0.06%), TCW Group Inc. (0.06%), Oregon Public Employees Retirement Fund (0.03%), New Mexico Educational Retirement Board (0.02%) and Meridian Wealth Management LLC (0.00%). Company insiders that own Churchill Downs stock include Austin W Miller, Daniel P Harrington, Karole Lloyd, Paul C Varga, R Alex Rankin and William E Mudd.
View institutional ownership trends for Churchill Downs.

CHDN stock was sold by a variety of institutional investors in the last quarter, including Stock Yards Bank & Trust Co.. Company insiders that have sold Churchill Downs company stock in the last year include Austin W Miller, Daniel P Harrington, and William E Mudd.
View insider buying and selling activity for Churchill Downs or view top insider-selling stocks.

CHDN stock was acquired by a variety of institutional investors in the last quarter, including TCW Group Inc., Meridian Wealth Management LLC, New Mexico Educational Retirement Board, and Oregon Public Employees Retirement Fund. Company insiders that have bought Churchill Downs stock in the last two years include Karole Lloyd, Paul C Varga, and R Alex Rankin.
View insider buying and selling activity for Churchill Downs or or view top insider-buying stocks.

Shares of CHDN 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 $189.00.

Churchill Downs has a market capitalization of $7.28 billion and generates $1.05 billion in revenue each year. The company earns $-81,900,000.00 in net income (profit) each year or $0.83 on an earnings per share basis.

Churchill Downs employs 7,000 workers across the globe.

Churchill Downs was founded in 1875.

The official website for Churchill Downs is www.churchilldownsincorporated.com.

Churchill Downs is headquartered at 600 NORTH HURSTBOURNE PARKWAY SUITE 400, LOUISVILLE KY, 40222.

Churchill Downs' mailing address is 600 NORTH HURSTBOURNE PARKWAY SUITE 400, LOUISVILLE KY, 40222. The company can be reached via phone at 502-636-4400 or via email at [email protected]