NASDAQ:CHDN Churchill Downs (CHDN) Stock Forecast, Price & News $116.04 +1.05 (+0.91%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$115.84▼$117.8050-Day Range$112.45▼$131.5852-Week Range$90.57▼$150.45Volume536,287 shsAverage Volume390,394 shsMarket Capitalization$8.69 billionP/E Ratio24.87Dividend Yield0.31%Price Target$141.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Churchill Downs MarketRank™ ForecastAnalyst RatingModerate Buy2.83 Rating ScoreUpside/Downside22.2% Upside$141.75 Price TargetShort InterestHealthy2.60% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.92Upright™ Environmental ScoreNews Sentiment1.26Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth27.62%From $5.43 to $6.93 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.65 out of 5 starsConsumer Discretionary Sector71st out of 273 stocksRacing, Including Track Operation Industry1st out of 2 stocks 2.4 Analyst's Opinion Consensus RatingChurchill Downs has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $141.75, Churchill Downs has a forecasted upside of 22.2% from its current price of $116.04.Amount of Analyst CoverageChurchill Downs has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.60% of the outstanding shares of Churchill Downs have been sold short.Short Interest Ratio / Days to CoverChurchill Downs has a short interest ratio ("days to cover") of 4.9.Change versus previous monthShort interest in Churchill Downs has recently decreased by 2.50%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend YieldChurchill Downs has a dividend yield of 0.31%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthChurchill Downs has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of Churchill Downs is 7.72%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Churchill Downs will have a dividend payout ratio of 5.19% next year. This indicates that Churchill Downs will be able to sustain or increase its dividend. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreChurchill Downs has received a 21.32% net impact score from Upright. The largest positive contribution comes from its "Meaning & joy" impact, which is mostly driven by its "Horse racing tournaments and events", "Shorts", and "Sweaters" products. See details.Environmental SustainabilityThe Environmental Impact score for Churchill Downs is -2.92. Previous Next 3.5 News and Social Media Coverage News SentimentChurchill Downs has a news sentiment score of 1.26. 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 0.63 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Churchill Downs this week, compared to 7 articles on an average week.MarketBeat Follows5 people have added Churchill Downs to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Churchill Downs insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.98% of the stock of Churchill Downs is held by insiders.Percentage Held by Institutions72.88% of the stock of Churchill Downs is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Churchill Downs are expected to grow by 27.62% in the coming year, from $5.43 to $6.93 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Churchill Downs is 24.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.07.Price to Earnings Ratio vs. SectorThe P/E ratio of Churchill Downs is 24.87, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.16.Price to Book Value per Share RatioChurchill Downs has a P/B Ratio of 15.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Churchill Downs (NASDAQ:CHDN) StockChurchill 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.Read More CHDN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CHDN Stock News HeadlinesSeptember 7, 2023 | marketbeat.comLegal sports betting opens to fanfare in Kentucky; governor makes the first wager at Churchill DownsKentucky Gov. Andy Beshear has placed a $20 bet to signal that legal sports wagering is off and running in the Bluegrass StateSeptember 28, 2023 | finance.yahoo.comChurchill Downs (CHDN) Unveils a New Rosie's Gaming EmporiumSeptember 29, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.September 26, 2023 | finance.yahoo.comChurchill Downs Incorporated Opens Rosie’s Gaming Emporium in Emporia, VirginiaSeptember 25, 2023 | msn.comLMPD: Man in critical condition at hospital after being shot in near Churchill DownsSeptember 18, 2023 | msn.comLMPD looking for person of interest in incident that happened near Churchill DownsSeptember 17, 2023 | msn.comChurchill Downs announces location for new Ellis Park extensionSeptember 14, 2023 | news.yahoo.comAs racing returns to Churchill Downs after horse deaths, why the word 'safe' stays unsaidSeptember 29, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.September 13, 2023 | msn.comRacing to resume at Churchill Downs Thursday despite mystery around horse deathsSeptember 13, 2023 | msn.comRacing to resume at Churchill Downs amid concerns over horse fatalitiesSeptember 12, 2023 | msn.comHISA to issue Churchill Downs findings, recommendations Tuesday following numerous horse deathsSeptember 11, 2023 | msn.comJim Cramer Says Skip This 'Very Strange Stock,' Buy DraftKings InsteadSeptember 11, 2023 | msn.comOpening weekend for sports betting in Kentucky brings thousands to Churchill DownsSeptember 9, 2023 | msn.comChurchill Downs announces upcoming featured eventsSeptember 8, 2023 | bizjournals.comUrban One's $562M Richmond casino project gets a new look and a new nameSeptember 7, 2023 | msn.com'A great day to celebrate': Kentucky governor places state's first sports wager at Churchill DownsSeptember 7, 2023 | msn.comChurchill Downs renovates Aristides Lounge for sports bettingSeptember 6, 2023 | bizjournals.comTurfway Park, Newport Racing & Gaming poised to launch sports betting this weekSeptember 3, 2023 | finance.yahoo.comIs It Time To Consider Buying Churchill Downs Incorporated (NASDAQ:CHDN)?August 23, 2023 | msn.comChurchill Downs reveals sports betting optionsAugust 23, 2023 | msn.comChurchill Downs announces 6 sports wagering books in Kentucky and when they'll openAugust 22, 2023 | bizjournals.comChurchill Downs Inc. closes on $250M acquisition of Exacta SystemsAugust 22, 2023 | msn.comChurchill Downs closes on deal to absorb Exacta SystemsAugust 22, 2023 | finance.yahoo.comChurchill Downs Incorporated Completes Acquisition of Exacta SystemsAugust 21, 2023 | markets.businessinsider.comKentucky's Gaming Revolution: How Churchill Downs Is Pioneering A Stable Growth Pathway With Electronic HHR Table GamesAugust 21, 2023 | bizjournals.comChurchill Downs promotes 2 for government relations, operations rolesSee More Headlines Receive CHDN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Churchill Downs and its competitors with MarketBeat's FREE daily newsletter. Email Address CHDN Company Calendar Last Earnings7/26/2023Today9/29/2023Next Earnings (Estimated)10/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Racing, including track operation Sub-IndustryCasinos & Gaming SectorConsumer Discretionary Current SymbolNASDAQ:CHDN CUSIP17148410 CIK20212 Webwww.churchilldownsincorporated.com Phone(502) 636-4400Fax502-636-4430Employees7,000Year Founded1875Price Target and Rating Average Stock Price Forecast$141.75 High Stock Price Forecast$155.00 Low Stock Price Forecast$121.50 Forecasted Upside/Downside+21.9%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$4.6650 Trailing P/E Ratio24.93 Forward P/E Ratio21.42 P/E GrowthN/ANet Income$439.40 million Net Margins16.28% Pretax Margin21.83% Return on Equity53.61% Return on Assets6.15% Debt Debt-to-Equity Ratio5.33 Current Ratio0.90 Quick Ratio0.90 Sales & Book Value Annual Sales$1.81 billion Price / Sales4.81 Cash Flow$5.80 per share Price / Cash Flow20.05 Book Value$7.37 per share Price / Book15.78Miscellaneous Outstanding Shares74,870,000Free Float71,141,000Market Cap$8.71 billion OptionableOptionable Beta1.08 Social Links Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. William C. Carstanjen (Age 55)CEO & Director Comp: $5.55MMr. William E. Mudd (Age 52)Pres & COO Comp: $3.23MMs. Marcia Ann Dall CPA (Age 59)Exec. VP & CFO Comp: $2.28MMr. Bradley K. Blackwell (Age 51)Exec. VP, Gen. Counsel & Sec. Comp: $1.39MMs. Maureen Adams (Age 59)Exec. VP of Gaming Operations Comp: $1.26MMr. Chad E. DobsonChief Accounting Officer & VPMr. Nate SimonSr. VP & CTOKaitlin BuzzettoDirector of Investor RelationsMr. Jason SauerSr. VP of Corp. Devel.Ms. Katherine ArmstrongSr. VP of HRMore ExecutivesKey CompetitorsParamount GlobalNASDAQ:PARAWillScot Mobile MiniNASDAQ:WSCHasbroNASDAQ:HASVail ResortsNYSE:MTNLiberty GlobalNASDAQ:LBTYKView All CompetitorsInsiders & InstitutionsChapin Davis Inc.Bought 1,342 shares on 8/30/2023Ownership: 0.004%Comerica BankBought 32,084 shares on 8/22/2023Ownership: 0.043%Virginia Retirement Systems ET ALBought 6,500 shares on 8/22/2023Ownership: 0.009%Teachers Retirement System of The State of KentuckySold 1,333 shares on 8/21/2023Ownership: 0.016%Vestor Capital LLCBought 166 shares on 8/21/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions 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 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. What is Churchill Downs' stock price forecast for 2023? 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. How have CHDN shares performed in 2023? 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. View the best growth stocks for 2023 here. 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) 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. 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 of this dividend is Thursday, December 1st. Read our dividend analysis for CHDN. What ETFs hold Churchill Downs' stock? 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). Is Churchill Downs a good dividend stock? 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. When did Churchill Downs' stock split? 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. 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." 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 $116.31. How much money does Churchill Downs make? 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. 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 9/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Churchill Downs Incorporated Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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