Churchill Downs - CHDN Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CHDN shares.
View CHDN analyst ratings or view top-rated stocks.

2 equities research analysts have issued 12 month target prices for Churchill Downs' stock. Their CHDN share price forecasts range from $275.00 to $280.00. On average, they predict the company's share price to reach $277.50 in the next year. This suggests a possible upside of 25.4% 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 $240.90 on January 1st, 2022. Since then, CHDN stock has decreased by 8.1% and is now trading at $221.33.
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Churchill Downs saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 597,100 shares, a decline of 12.1% from the October 31st total of 679,400 shares. Based on an average daily trading volume, of 182,200 shares, the short-interest ratio is currently 3.3 days. Approximately 1.8% of the company's stock are short sold.
View Churchill Downs' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our CHDN earnings forecast.

Churchill Downs Incorporated (NASDAQ:CHDN) issued its quarterly earnings results on Wednesday, October, 26th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.32. The company had revenue of $383.10 million for the quarter, compared to analysts' expectations of $396.83 million. Churchill Downs had a net margin of 28.43% and a trailing twelve-month return on equity of 66.95%.

Churchill Downs announced an annual dividend on Wednesday, October 26th. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.714 per share on Friday, January 6th. This represents a yield of 0.36%. The ex-dividend date is Thursday, December 1st. This is a boost from the stock's previous annual dividend of $0.67.
Read our dividend analysis for CHDN.

Churchill Downs (NASDAQ:CHDN) pays an annual dividend of $0.71 per share and currently has a dividend yield of 0.32%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 5.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHDN will have a dividend payout ratio of 5.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHDN.

Churchill Downs's stock split on the morning of Monday, January 28th 2019. The 3-1 split was announced on Wednesday, October 31st 2018. The newly issued shares were issued to shareholders after the closing bell 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.89%), BlackRock Inc. (7.82%), London Co. of Virginia (2.56%), State Street Corp (2.40%), Brown Advisory Inc. (1.48%) and Balyasny Asset Management LLC (0.96%). Insiders that own company stock include Austin W Miller, Austin W Miller, Daniel P Harrington, Karole Lloyd, Paul C Varga, R Alex Rankin 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 $221.33.

Churchill Downs (NASDAQ:CHDN) has a market capitalization of $8.28 billion and generates $1.60 billion in revenue each year. The company earns $249.10 million in net income (profit) each year or $12.47 on an earnings per share basis.

The company employs 5,000 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.