Churchill Downs - CHDN Stock Forecast, Price & News

5 Wall Street 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 analysts is that investors should "buy" CHDN shares.
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5 Wall Street analysts have issued 12 month target prices for Churchill Downs' shares. Their CHDN share price forecasts range from $243.00 to $300.00. On average, they expect the company's stock price to reach $273.67 in the next year. This suggests a possible upside of 9.2% from the stock's current price.
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Churchill Downs' stock was trading at $211.43 at the start of the year. Since then, CHDN shares have increased by 18.5% and is now trading at $250.60.
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Churchill Downs saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 760,700 shares, an increase of 7.7% from the February 13th total of 706,100 shares. Based on an average daily volume of 183,100 shares, the short-interest ratio is currently 4.2 days. Approximately 2.3% of the company's shares are short sold.
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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 earnings results on Wednesday, February, 22nd. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.66 by $0.20. The business earned $480.10 million during 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 firm's revenue was up 31.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.27 EPS.

Churchill Downs announced an annual dividend on Wednesday, October 26th. Investors of record on Friday, December 2nd will be paid a dividend of $0.714 per share on Friday, January 6th. This represents a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, December 1st. This is a positive change 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), Invesco Dynamic Leisure and Entertainment ETF (PEJ), B.A.D. Etf (BAD), Opus Small Cap Value Plus ETF (OSCV), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and Fidelity Small-Mid Cap Opportunities ETF (FSMO).

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 4.83% 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 on the morning of Monday, January 28th 2019. The 3-1 split was announced on Wednesday, October 31st 2018. The newly created shares were issued 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 many different retail and institutional investors. Top institutional shareholders 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.
View institutional ownership trends.

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 $250.60.

Churchill Downs (NASDAQ:CHDN) has a market capitalization of $9.37 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.