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NASDAQ:CHDN

Churchill Downs (CHDN) Stock Forecast, Price & News

$112.45
-2.99 (-2.59%)
(As of 09/25/2023 ET)
Compare
Today's Range
$112.06
$115.60
50-Day Range
$112.45
$134.17
52-Week Range
$89.94
$150.45
Volume
468,639 shs
Average Volume
387,086 shs
Market Capitalization
$8.42 billion
P/E Ratio
24.11
Dividend Yield
0.31%
Price Target
$141.75

Churchill Downs MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
26.1% Upside
$141.75 Price Target
Short Interest
Bearish
2.67% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.92
Upright™ Environmental Score
News Sentiment
1.00mentions of Churchill Downs in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.62%
From $5.43 to $6.93 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Consumer Discretionary Sector

105th out of 268 stocks

Racing, Including Track Operation Industry

1st out of 2 stocks


CHDN stock logo

About Churchill Downs (NASDAQ:CHDN) Stock

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through Live and Historical Racing, TwinSpires, and Gaming segments. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sportsbooks; and casino gaming. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.

CHDN Price History

CHDN Stock News Headlines

Legal sports betting opens to fanfare in Kentucky; governor makes the first wager at Churchill Downs
Kentucky Gov. Andy Beshear has placed a $20 bet to signal that legal sports wagering is off and running in the Bluegrass State
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Churchill Downs (NASDAQ:CHDN) PT Lowered to $150.00
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
See More Headlines
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CHDN Company Calendar

Last Earnings
7/26/2023
Today
9/25/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Racing, including track operation
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:CHDN
CUSIP
17148410
Employees
7,000
Year Founded
1875

Price Target and Rating

Average Stock Price Forecast
$141.75
High Stock Price Forecast
$155.00
Low Stock Price Forecast
$121.50
Forecasted Upside/Downside
+26.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$439.40 million
Pretax Margin
21.83%

Debt

Sales & Book Value

Annual Sales
$2.19 billion
Cash Flow
$5.58 per share
Book Value
$7.37 per share

Miscellaneous

Free Float
71,141,000
Market Cap
$8.42 billion
Optionable
Optionable
Beta
1.08

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Key Executives

  • Mr. William C. Carstanjen (Age 55)
    CEO & Director
    Comp: $5.55M
  • Mr. William E. Mudd (Age 52)
    Pres & COO
    Comp: $3.23M
  • Ms. Marcia Ann Dall CPA (Age 59)
    Exec. VP & CFO
    Comp: $2.28M
  • Mr. Bradley K. Blackwell (Age 51)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $1.39M
  • Ms. Maureen Adams (Age 59)
    Exec. VP of Gaming Operations
    Comp: $1.26M
  • Mr. Chad E. Dobson
    Chief Accounting Officer & VP
  • Mr. Nate Simon
    Sr. VP & CTO
  • Kaitlin Buzzetto
    Director of Investor Relations
  • Mr. Jason Sauer
    Sr. VP of Corp. Devel.
  • Ms. Katherine Armstrong
    Sr. VP of HR













CHDN Stock - Frequently Asked Questions

Should I buy or sell Churchill Downs stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last year. 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.

What is Churchill Downs' stock price forecast for 2023?

6 Wall Street analysts have issued 12 month target prices for Churchill Downs' shares. Their CHDN share price forecasts range from $121.50 to $155.00. On average, they anticipate the company's stock price to reach $141.75 in the next twelve months. This suggests a possible upside of 26.1% from the stock's current price.
View analysts price targets for CHDN
or view top-rated stocks among Wall Street analysts.

How have CHDN shares performed in 2023?

Churchill Downs' stock was trading at $105.7150 on January 1st, 2023. Since then, CHDN stock has increased by 6.4% and is now trading at $112.45.
View the best growth stocks for 2023 here
.

Are investors shorting Churchill Downs?

Churchill Downs saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,000,000 shares, an increase of 20.5% from the August 15th total of 1,660,000 shares. Based on an average trading volume of 390,000 shares, the short-interest ratio is currently 5.1 days.
View Churchill Downs' Short Interest
.

When is Churchill Downs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our CHDN earnings forecast
.

How were Churchill Downs' earnings last quarter?

Churchill Downs Incorporated (NASDAQ:CHDN) announced its quarterly earnings data on Wednesday, July, 26th. The company reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by $0.26. The firm had revenue of $768.50 million for the quarter, compared to the consensus estimate 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 firm's revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the business posted $1.95 EPS.

How often does Churchill Downs pay dividends? What is the dividend yield for Churchill Downs?

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 is Thursday, December 1st.
Read our dividend analysis for CHDN
.

Is Churchill Downs a good dividend stock?

Churchill Downs (NASDAQ:CHDN) pays an annual dividend of $0.35 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 7.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHDN will have a dividend payout ratio of 5.05% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHDN.

When did Churchill Downs' stock split?

Churchill Downs's stock split on the morning of 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 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.

What is Bill Carstanjen's approval rating as Churchill Downs' CEO?

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.

What other stocks do shareholders of Churchill Downs own?

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).

What is Churchill Downs' stock symbol?

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

Who are Churchill Downs' major shareholders?

Churchill Downs' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (7.99%), BlackRock Inc. (7.98%), Schroder Investment Management Group (2.76%), State Street Corp (2.45%), London Co. of Virginia (2.39%) and ArrowMark Colorado Holdings LLC (1.45%). Insiders that own company stock include Austin W Miller, Austin W Miller and William E Mudd.
View institutional ownership trends
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Churchill Downs' stock price today?

One share of CHDN stock can currently be purchased for approximately $112.45.

How much money does Churchill Downs make?

Churchill Downs (NASDAQ:CHDN) has a market capitalization of $8.42 billion and generates $2.19 billion in revenue each year. The company earns $439.40 million in net income (profit) each year or $4.66 on an earnings per share basis.

How many employees does Churchill Downs have?

The company employs 7,000 workers across the globe.

How can I contact Churchill Downs?

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.

This page (NASDAQ:CHDN) was last updated on 9/25/2023 by MarketBeat.com Staff

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