Churchill Downs (CHDN) Stock Price, News & Analysis

Company Overview

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states. The company’s gaming division operates casino properties and racinos, featuring slot machines, table games and electronic gaming terminals. Through strategic acquisitions and partnerships, it has expanded into regional gaming markets—serving patrons in Kentucky, Illinois, Indiana, Louisiana, Mississippi, Missouri and Texas—and continues to explore opportunities in emerging sports wagering jurisdictions.

The roots of Churchill Downs date back to 1875 when the Louisville track hosted its inaugural Kentucky Derby. Over the decades, the organization evolved from a single-venue operator into a publicly traded corporation, diversifying its revenue streams across live racing, simulcasting, online wagering and casino gaming. Its TwinSpires brand, launched in the early 21st century, has become a prominent online betting destination, leveraging digital technology to connect users with live racing and sports events.

Headquartered in Louisville, Churchill Downs Incorporated is led by President and Chief Executive Officer Bill Carstanjen, who has overseen significant expansion into gaming and digital wagering. The company’s leadership team maintains a focus on operational excellence, customer engagement and regulatory compliance. With a blend of historic racing tradition and modern gaming innovations, Churchill Downs continues to shape the landscape of American horse racing and sports betting.

Key Stats

• Today's Range: $85.82 to $87.41
• 50-Day Range: $83.07 to $101.55
• 52-Week Range: $80.24 to $118.46
• Volume: 690,713 shs
• Average Volume: 770,800 shs
• Market Capitalization: $6.05 billion
• P/E Ratio: 16.08
• Dividend Yield: 0.51%
• Price Target: $139.00
• Consensus Rating: Moderate Buy

Churchill Downs Stock Analysis - MarketRank™

Churchill Downs scored higher than 97% of companies evaluated by MarketBeat, and ranked 13th out of 271 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: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Churchill Downs has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on no strong buy ratings, 11 buy ratings, no hold ratings, and 1 sell rating.

Upside Potential

Churchill Downs has a consensus price target of $139.00, representing about 60.1% upside from its current price of $86.84.

Amount of Analyst Coverage

Churchill Downs has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 9.97%

Earnings Growth

Earnings for Churchill Downs are expected to grow by 9.97% in the coming year, from $7.32 to $8.05 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Churchill Downs is 16.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.53.

Price to Earnings Ratio vs. Sector

The P/E ratio of Churchill Downs is 16.08, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 20.19.

Price to Earnings Growth Ratio

Churchill Downs has a PEG Ratio of 0.57. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Churchill Downs has a P/B Ratio of 6.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.22% 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 4.14.

Change versus previous month

Short interest in Churchill Downs has recently increased by 16.78%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Churchill Downs has a dividend yield of 0.51%, 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 7.96%. 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 5.34% next year. This indicates that Churchill Downs will be able to sustain or increase its dividend.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.63

News Sentiment

Churchill Downs has a news sentiment score of 0.63. 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 is a higher news sentiment than the 0.51 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Churchill Downs this week, compared to 4 articles on an average week.

Search Interest

Only 3 people have searched for CHDN on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Churchill Downs to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 0.9 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Churchill Downs insiders have not sold or bought any company stock.

Percentage Held by Insiders

5.87% 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.

Company Calendar

• Last Earnings: 4/22/2026
• Today: 6/08/2026
• Next Earnings (Estimated): 7/22/2026
• Fiscal Year End: 12/31/2026

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: 9,000
• Year Founded: 1875

Price Target and Rating

• Average Price Target for Churchill Downs: $139.00
• High Price Target: $155.00
• Low Price Target: $124.00
• Potential Upside/Downside: +60.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.40
• Trailing P/E Ratio: 16.08
• Forward P/E Ratio: 11.86
• P/E Growth: 0.57
• Net Income: $383 million
• Net Margins: 13.21%
• Pretax Margin: 18.65%
• Return on Equity: 43.50%
• Return on Assets: 6.10%

Debt

• Debt-to-Equity Ratio: 4.44
• Current Ratio: 0.54
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: $2.93 billion
• Price / Sales: 2.07
• Cash Flow: $9.74 per share
• Price / Cash Flow: 8.92
• Book Value: $14.48 per share
• Price / Book: 6.00

Miscellaneous

• Outstanding Shares: 69,700,000
• Free Float: 65,606,000
• Market Cap: $6.05 billion
• Optionable: Optionable
• Beta: 0.68