Churchill Downs (CHDN) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last twelve months. 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.
View CHDN analyst ratings or view top-rated stocks.

5 analysts have issued 1-year target prices for Churchill Downs' stock. Their CHDN share price forecasts range from $121.50 to $163.00. On average, they predict the company's stock price to reach $141.25 in the next twelve months. This suggests a possible upside of 2.7% 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 $105.7150 on January 1st, 2023. Since then, CHDN stock has increased by 30.1% and is now trading at $137.57.
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Churchill Downs saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,520,000 shares, an increase of 65.4% from the April 30th total of 918,800 shares. Based on an average daily trading volume, of 418,500 shares, the days-to-cover ratio is currently 3.6 days.
View Churchill Downs' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our CHDN earnings forecast.

Churchill Downs Incorporated (NASDAQ:CHDN) announced its quarterly earnings data on Wednesday, April, 26th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.11. The business earned $559.50 million during the quarter, compared to analyst estimates of $536.57 million. Churchill Downs had a trailing twelve-month return on equity of 55.53% and a net margin of 27.58%. The firm's quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS.

Churchill Downs declared an annual dividend on Wednesday, October 26th. Investors of record on Friday, December 2nd will be given a dividend of $0.357 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.
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), Corbett Road Tactical Opportunity ETF (OPPX), B.A.D. Etf (BAD), Opus Small Cap Value Plus ETF (OSCV), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and First Trust Consumer Discretionary AlphaDEX Fund (FXD).

Churchill Downs (NASDAQ:CHDN) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.26%. 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 5.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHDN will have a dividend payout ratio of 4.82% 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 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.

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 number of institutional and retail investors. Top institutional shareholders include FMR LLC (12.06%), BlackRock Inc. (8.01%), London Co. of Virginia (2.49%), State Street Corp (2.46%), ArrowMark Colorado Holdings LLC (1.59%) and Ameriprise Financial Inc. (1.46%). 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 $137.57.

Churchill Downs (NASDAQ:CHDN) has a market capitalization of $10.30 billion and generates $1.81 billion in revenue each year. The company earns $439.40 million in net income (profit) each year or $7.20 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.