Churchill Downs - CHDN Stock Forecast, Price & News

5 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 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CHDN shares.
View CHDN analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued 1-year price targets for Churchill Downs' shares. Their CHDN share price forecasts range from $243.00 to $300.00. On average, they predict the company's stock price to reach $273.67 in the next year. This suggests a possible upside of 10.4% 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 $211.43 on January 1st, 2023. Since then, CHDN shares have increased by 17.2% and is now trading at $247.81.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our CHDN earnings forecast.

Churchill Downs Incorporated (NASDAQ:CHDN) posted its quarterly earnings data on Wednesday, February, 22nd. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.66 by $0.20. The firm had revenue of $480.10 million for the quarter, compared to the consensus estimate of $473.71 million. Churchill Downs had a net margin of 24.28% and a trailing twelve-month return on equity of 60.32%. The business's revenue was up 31.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 EPS.

Churchill Downs declared an annual dividend on Wednesday, October 26th. Shareholders of record on Friday, December 2nd will be given a dividend of $0.714 per share on Friday, January 6th. This represents a dividend yield of 0.36%. The ex-dividend date is Thursday, December 1st. This is an increase from the stock's previous annual dividend of $0.67.
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), iBET Sports Betting & Gaming ETF (IBET), VanEck Gaming ETF (BJK), B.A.D. Etf (BAD), Opus Small Cap Value Plus ETF (OSCV), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), Fidelity Small-Mid Cap Opportunities ETF (FSMO) and SPDR S&P 400 Mid CapGrowth ETF (MDYG).

Churchill Downs (NASDAQ:CHDN) pays an annual dividend of $0.71 per share and currently has a dividend yield of 0.29%. 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 6.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHDN will have a dividend payout ratio of 4.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHDN.

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

Churchill Downs' stock is owned by a variety of retail and institutional investors. Top institutional investors include Schroder Investment Management Group (3.30%), ArrowMark Colorado Holdings LLC (1.52%), Brown Advisory Inc. (1.37%), Geode Capital Management LLC (1.29%), Nitorum Capital L.P. (1.10%) and Norges Bank (0.95%). Insiders that own company stock include Austin W Miller, Austin W Miller, Daniel P Harrington and William E Mudd.
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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 $247.81.

Churchill Downs (NASDAQ:CHDN) has a market capitalization of $9.28 billion and generates $1.81 billion in revenue each year. The company earns $439.40 million in net income (profit) each year or $11.39 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.