NASDAQ:CHDN Churchill Downs - CHDN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $248.28 -1.22 (-0.49%) (As of 02/2/2023 10:42 AM ET) Add Compare Share Share Today's Range$247.50▼$252.0050-Day Range$206.32▼$249.5052-Week Range$172.75▼$252.00Volume21,465 shsAverage Volume143,830 shsMarket Capitalization$9.29 billionP/E Ratio19.91Dividend Yield0.29%Price Target$267.20 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Churchill Downs MarketRank™ ForecastAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside7.1% Upside$267.20 Price TargetShort InterestHealthy2.23% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.92Upright™ Environmental ScoreNews Sentiment0.50Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth22.59%From $8.41 to $10.31 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.2.29 out of 5 starsConsumer Discretionary Sector99th out of 271 stocksRacing, Including Track Operation Industry1st out of 1 stocks 1.4 Analyst's Opinion Consensus RatingChurchill Downs has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $267.20, Churchill Downs has a forecasted upside of 7.1% from its current price of $249.50.Amount of Analyst CoverageChurchill Downs has only been the subject of 4 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.23% of the float of Churchill Downs has been sold short.Short Interest Ratio / Days to CoverChurchill Downs has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Churchill Downs has recently decreased by 2.02%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend YieldChurchill Downs has a dividend yield of 0.29%, 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 5.69%. 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 6.89% 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 1.9 News and Social Media Coverage News SentimentChurchill Downs has a news sentiment score of 0.50. 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 news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Churchill Downs this week, compared to 3 articles on an average week.Search InterestOnly 3 people have searched for CHDN on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Churchill Downs to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 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 4.64% of the stock of Churchill Downs is held by insiders.Percentage Held by Institutions72.61% 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 22.59% in the coming year, from $8.41 to $10.31 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Churchill Downs is 20.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.68.Price to Earnings Ratio vs. SectorThe P/E ratio of Churchill Downs is 20.01, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 11.58.Price to Book Value per Share RatioChurchill Downs has a P/B Ratio of 31.11. 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, Inc. operates as a provider of pari-mutuel horse racing, online account wagering on horse racing and casino gaming. It operates through the following business segments: Racing, Casino, Online Wagering, Corporate, and Other Investments. The Racing segment includes Churchill Downs Racetrack, Arlington Park Racecourse, Calder Race Course, and Fair Grounds Race Course. The Casinos segment includes Oxford Casino, Riverwalk Casino Hotel, Harlow's Casino Resort and Spa, Calder Casino, Fair Grounds Slots, Video Services and equity investment. The Online Wagering segment offers simulcasting and interactive wagering hub. The Corporate segment includes miscellaneous and other revenue, compensation expense, professional fees and other general and administrative expenses not allocated to other operating segments. The Other Investments and Corporate segment consists of United Tote Company and United Tote Canada, Capital View Casino and Resort, Bluff Media, and minor investments. The company was founded in 1875 and is headquartered in Louisville, KY.Read More 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 Stock News HeadlinesFebruary 1, 2023 | msn.comDerby Week tickets at Churchill Downs go on sale ThursdayJanuary 27, 2023 | finance.yahoo.comThose who invested in Churchill Downs (NASDAQ:CHDN) five years ago are up 195%February 2, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. January 26, 2023 | msn.com100 days until Kentucky Derby: Churchill Downs construction, what to expect for DerbyJanuary 25, 2023 | americanbankingnews.comChurchill Downs Incorporated (NASDAQ:CHDN) Receives Consensus Rating of "Moderate Buy" from AnalystsJanuary 24, 2023 | americanbankingnews.comShort Interest in Churchill Downs Incorporated (NASDAQ:CHDN) Increases By 9.8%January 23, 2023 | americanbankingnews.comSusquehanna Boosts Churchill Downs (NASDAQ:CHDN) Price Target to $280.00January 20, 2023 | msn.comSusquehanna Maintains Positive Rating for Churchill Downs: Here's What You Need To KnowFebruary 2, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. January 20, 2023 | msn.comThe Latest Analyst Ratings for Churchill DownsJanuary 20, 2023 | msn.comLMPD: Man struck by vehicle near Churchill Downs dies at hospitalJanuary 19, 2023 | msn.comChurchill Downs to open submissions for 2023 Kentucky Oaks Survivors ParadeJanuary 17, 2023 | seekingalpha.comJMP Securities starts coverage of Churchill Downs at BuyJanuary 12, 2023 | finance.yahoo.comWoodford Reserve, Churchill Downs extend Derby sponsorship dealJanuary 11, 2023 | finance.yahoo.comWoodford Reserve Extends Partnership with Churchill Downs as Presenting Sponsor of the Kentucky DerbyDecember 19, 2022 | marketwatch.comChurchill Downs to Acquire Exacta Systems for $250 MillionDecember 17, 2022 | msn.comChurchill Downs unveils official logo for 149th running of the Kentucky DerbyDecember 16, 2022 | finance.yahoo.comChurchill Downs Incorporated Appoints Andréa Carter to Board of DirectorsDecember 14, 2022 | msn.comChurchill Downs could be off to the races in 2023 - Wells FargoDecember 7, 2022 | finance.yahoo.comIs Churchill Downs Incorporated (NASDAQ:CHDN) Trading At A 48% Discount?November 30, 2022 | nasdaq.comEx-Dividend Reminder: General Motors, LCI Industries and Churchill DownsNovember 29, 2022 | finance.yahoo.comDraftKings to Launch Horse-Race Betting With Churchill DownsNovember 29, 2022 | bizjournals.comChurchill Downs inks wagering deal with DraftKingsNovember 27, 2022 | msn.comSanta and Mrs. Claus visit Churchill Downs for final weekend of racing seasonNovember 8, 2022 | finance.yahoo.comChurchill Downs Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues LagNovember 1, 2022 | finance.yahoo.comChurchill Downs Incorporated Completes Acquisition of Substantially All of the Assets of Peninsula Pacific EntertainmentOctober 31, 2022 | finance.yahoo.comIs Churchill Downs Incorporated (NASDAQ:CHDN) A High Quality Stock To Own?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Earnings10/26/2021Ex-Dividend for 1/6 Dividend12/01/2022Dividend Payable1/06/2023Today2/02/2023Next Earnings (Confirmed)2/22/2023Fiscal 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) 636-4400Fax502-636-4430Employees5,000Year Founded1875Price Target and Rating Average Stock Price Forecast$267.20 High Stock Price Forecast$280.00 Low Stock Price Forecast$243.00 Forecasted Upside/Downside+7.6%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$12.47 Trailing P/E Ratio19.91 Forward P/E Ratio29.52 P/E GrowthN/ANet Income$249.10 million Net Margins28.43% Pretax Margin39.28% Return on Equity66.95% Return on Assets8.05% Debt Debt-to-Equity Ratio5.18 Current Ratio3.67 Quick Ratio3.67 Sales & Book Value Annual Sales$1.60 billion Price / Sales5.81 Cash Flow$9.85 per share Price / Cash Flow25.20 Book Value$8.02 per share Price / Book30.96Miscellaneous Outstanding Shares37,400,000Free Float35,668,000Market Cap$9.29 billion OptionableOptionable Beta1.12 Social Links Key ExecutivesWilliam C. CarstanjenChief Executive Officer & DirectorWilliam E. MuddPresident & Chief Operating OfficerMarcia A. DallChief Financial Officer & Executive VPNate SimonChief Technology Officer & Senior Vice PresidentRebecca C. ReedChief Compliance Officer & Senior VP-Legal AffairsKey CompetitorsLiberty GlobalNASDAQ:LBTYAWhirlpoolNYSE:WHRBJ's Wholesale ClubNYSE:BJWillScot Mobile MiniNASDAQ:WSCRalph LaurenNYSE:RLView All CompetitorsInsiders & InstitutionsState of New Jersey Common Pension Fund DSold 702 shares on 2/1/2023Ownership: 0.050%Zurcher Kantonalbank Zurich Cantonalbank Bought 626 shares on 2/1/2023Ownership: 0.013%Bank of Montreal CanBought 680 shares on 2/1/2023Ownership: 0.013%Kestra Advisory Services LLCBought 1,677 shares on 1/31/2023Ownership: 0.038%AE Wealth Management LLCSold 545 shares on 1/31/2023Ownership: 0.003%View All Institutional Transactions CHDN Stock - Frequently Asked Questions Should I buy or sell Churchill Downs stock right now? 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. View CHDN analyst ratings or view top-rated stocks. What is Churchill Downs' stock price forecast for 2023? 5 brokers have issued 1-year price targets for Churchill Downs' shares. Their CHDN share price forecasts range from $243.00 to $280.00. On average, they expect the company's stock price to reach $267.20 in the next twelve months. This suggests a possible upside of 7.1% 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 $211.43 at the beginning of 2023. Since then, CHDN stock has increased by 18.0% and is now trading at $249.50. 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, February 22nd 2023. View our CHDN earnings forecast. How can I listen to Churchill Downs' earnings call? Churchill Downs will be holding an earnings conference call on Thursday, February 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Churchill Downs' earnings last quarter? Churchill Downs Incorporated (NASDAQ:CHDN) announced its earnings results on Tuesday, October, 26th. The company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.14. The company earned $393 million during the quarter, compared to the consensus estimate of $406.76 million. Churchill Downs had a net margin of 28.43% and a trailing twelve-month return on equity of 66.95%. Churchill Downs's revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. How often does Churchill Downs pay dividends? What is the dividend yield for Churchill Downs? Churchill Downs announced an annual dividend on Wednesday, October 26th. Stockholders 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 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. Is Churchill Downs a good dividend stock? 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 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 6.89% 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's stock split on Monday, January 28th 2019. The 3-1 split was announced on Wednesday, October 31st 2018. The newly issued shares were payable 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. 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." Who are Churchill Downs' major shareholders? Churchill Downs' stock is owned by many different institutional and retail investors. Top institutional investors include Artemis Investment Management LLP (0.59%), Copeland Capital Management LLC (0.39%), Community Trust & Investment Co. (0.16%), Community Trust & Investment Co. (0.16%), New York State Common Retirement Fund (0.12%) and New York State Teachers Retirement System (0.08%). 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. View institutional ownership trends. 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 $249.50. How much money does Churchill Downs make? Churchill Downs (NASDAQ:CHDN) has a market capitalization of $9.33 billion and generates $1.69 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. How many employees does Churchill Downs have? The company employs 5,000 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 2/2/2023 by MarketBeat.com Staff 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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